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Crypto · indicator signal

Fibonacci bounce down on Shiba Inu

On Shiba Inu the fibonacci bounce down showed up 403 times. The target came first 35% of the time, the stop 50%, and 15% 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
Daily1145%45%9%
4-hour9840%49%11%
Hourly29434%50%16%

Shiba Inu against the rest

ChartsFoundTarget firstStop firstWent nowhere
Shiba Inu40335%50%15%
All Crypto charts11,96733%57%10%
Every market17,93635%57%8%

Year by year

YearFoundTarget firstStop first
20214231%40%
20229747%37%
20236540%45%
20247332%56%
20257528%68%
20265127%51%

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 fibonacci bounce down is

After a big fall, price rallied back to the 50 to 61.8% zone and turned down.

Imagine falling down a slide, climbing back up about halfway, then slipping down again. Fibonacci levels mark how far price climbed back compared with the fall. A Fibonacci bounce down is when price rallies back into the 50% to 61.8% zone and turns down.

The full fibonacci bounce down 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 fibonacci bounce down elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot · Sensex · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY

Questions

How often does the fibonacci bounce down work on Shiba Inu?

In 403 cases on Shiba Inu, the target (1.5 × ATR) came before the stop (1 × ATR) 35% of the time and the stop came first 50%; 15% went nowhere within 12 candles.

What is the fibonacci bounce down?

After a big fall, price rallied back to the 50 to 61.8% zone and turned down.