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Crypto · chart pattern

Rising wedge on Shiba Inu

On Shiba Inu the rising wedge showed up 27 times. The target came first 63% of the time, the stop 33%, and 4% 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
4-hour475%25%0%
Hourly2361%35%4%

Shiba Inu against the rest

ChartsFoundTarget firstStop firstWent nowhere
Shiba Inu2763%33%4%
All Crypto charts1,48741%54%6%
Every market2,17939%56%5%

Year by year

YearFoundTarget firstStop first
202130%100%
20224100%0%
20235100%0%
2024367%33%
2025933%56%
20263100%0%

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 rising wedge is

Price climbs inside two rising lines that squeeze together, then breaks down.

Imagine running up a path that keeps getting narrower, taking shorter and shorter steps. Sooner or later you slip. A rising wedge is price climbing between two rising lines that squeeze together, and here it slips out of the bottom.

The full rising wedge 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 rising wedge elsewhere

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

Questions

How often does the rising wedge work on Shiba Inu?

In 27 cases on Shiba Inu, the target (1.5 × ATR) came before the stop (1 × ATR) 63% of the time and the stop came first 33%; 4% went nowhere within 12 candles.

What is the rising wedge?

Price climbs inside two rising lines that squeeze together, then breaks down.