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Crypto · price-structure setup

Support bounce on Shiba Inu

On Shiba Inu the support bounce showed up 82 times. The target came first 35% of the time, the stop 54%, and 11% 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
Daily10%100%0%
4-hour1947%42%11%
Hourly6232%56%11%

Shiba Inu against the rest

ChartsFoundTarget firstStop firstWent nowhere
Shiba Inu8235%54%11%
All Crypto charts2,18034%55%11%
Every market2,91035%56%10%

Year by year

YearFoundTarget firstStop first
2021911%67%
20221735%59%
2023825%38%
20242348%52%
20251145%45%
20261429%57%

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 support bounce is

Price fell back to a level that stopped it before, and bounced again.

Drop a ball and it bounces off the floor. Support is a price floor where falls stopped before, because buyers were waiting there. A support bounce is when price comes back down to that floor and bounces up again.

The full support bounce 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 support bounce elsewhere

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

Questions

How often does the support bounce work on Shiba Inu?

In 82 cases on Shiba Inu, the target (1.5 × ATR) came before the stop (1 × ATR) 35% of the time and the stop came first 54%; 11% went nowhere within 12 candles.

What is the support bounce?

Price fell back to a level that stopped it before, and bounced again.