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Crypto · chart pattern

Double top on Chainlink

On Chainlink the double top showed up 130 times. The target came first 42% of the time, the stop 48%, and 10% went nowhere within 12 candles.

Counted on Chainlink (LINK/USDT): daily candles from January 2021, 4-hour candles from January 2021 and hourly candles from January 2021.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily10%100%0%
4-hour2931%59%10%
Hourly10046%44%10%

Chainlink against the rest

ChartsFoundTarget firstStop firstWent nowhere
Chainlink13042%48%10%
All Crypto charts3,43440%53%7%
Every market4,64138%55%7%

Year by year

YearFoundTarget firstStop first
20211553%33%
20223241%50%
20231926%68%
20242148%52%
20252650%31%
20261735%53%

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 double top is

Two peaks at the same height, then a break below the dip between them.

Imagine climbing a wall, slipping back, then reaching the same spot again before sliding down even further. A double top looks like the letter M: two peaks at the same height with a dip between them. When price falls below that dip, the M is complete.

The full double top lesson, video and quiz ›

Other patterns on Chainlink

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Volume profile bounce · Volume profile rejection · Doji · MACD bearish cross · MACD bullish cross · EMA 9/21 bearish cross · all of them

The double top elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Uniswap · BNB · Cardano · Polkadot · Aave · GBP/USD · EUR/JPY

Questions

How often does the double top work on Chainlink?

In 130 cases on Chainlink, the target (1.5 × ATR) came before the stop (1 × ATR) 42% of the time and the stop came first 48%; 10% went nowhere within 12 candles.

What is the double top?

Two peaks at the same height, then a break below the dip between them.