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1000SHIB / TetherUS PERPETUAL CONTRACT
Long

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

383
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
RISKYXBT
Alphadhad Community

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Chart PatternsshibshibashibainuSHIBUSDTTrend Analysis

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Chart PatternsshibshibashibainuSHIBUSDTTrend Analysis
RISKYXBT
Alphadhad Community

Discord: discord.gg/alphadhad
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.