SHIB: Bullish DBW, at least 55% of the time

2021年11月21日

SHIB (Shiba Inu) is forming a Descending Broadening Wedge (DBW) since its last ATH.

This is a Bullish Pattern according to Thomas Bulkowski.

He stated in his book "Encyclopaedia of chart patterns" that there is a 55% possibility of breakout to the upside in a Bull Market situation.

I know that 55% is not that high of a percentage but if we look closely, we’ll se that SHIB price is currently at a very good support level which could add a logic to the conclusions of the idea of a breakout!

Cheers,
Ghazi