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Crypto · chart pattern

Double bottom on Shiba Inu

On Shiba Inu the double bottom showed up 143 times. The target came first 26% of the time, the stop 68%, and 6% went nowhere within 12 candles.

Counted on Shiba Inu (SHIB/USDT): daily candles from May 2021, 4-hour candles from May 2021 and hourly candles from May 2021.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily540%20%40%
4-hour2737%56%7%
Hourly11123%73%5%

Shiba Inu against the rest

ChartsFoundTarget firstStop firstWent nowhere
Shiba Inu14326%68%6%
All Crypto charts3,29436%58%6%
Every market4,67237%57%6%

Year by year

YearFoundTarget firstStop first
20211540%60%
2022229%77%
20231833%44%
20243234%59%
20252825%75%
20262818%82%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the double bottom is

Two lows at the same level, then a break above the peak between them.

Jump on a trampoline and you sink to the same low spot twice, but the second push sends you higher than before. A double bottom looks like the letter W: two lows at the same level with a hill between them. When price climbs above that hill, the W is complete.

The full double bottom lesson, video and quiz ›

Other patterns on Shiba Inu

Inside bar · Spinning top · Stochastic bullish cross · Stochastic bearish cross · Doji · Volume profile rejection · Volume profile bounce · MACD bullish cross · MACD bearish cross · EMA 9/21 bearish cross · all of them

The double bottom elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot · EUR/JPY

Questions

How often does the double bottom work on Shiba Inu?

In 143 cases on Shiba Inu, the target (1.5 × ATR) came before the stop (1 × ATR) 26% of the time and the stop came first 68%; 6% went nowhere within 12 candles.

What is the double bottom?

Two lows at the same level, then a break above the peak between them.