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Crypto · chart pattern

Double top on Dogecoin

On Dogecoin the double top showed up 106 times. The target came first 49% of the time, the stop 46%, and 5% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1100%0%0%
4-hour956%33%11%
Hourly9648%48%4%

Dogecoin against the rest

ChartsFoundTarget firstStop firstWent nowhere
Dogecoin10649%46%5%
All Crypto charts3,43440%53%7%
Every market4,64138%55%7%

Year by year

YearFoundTarget firstStop first
20212752%41%
20221644%56%
2023888%12%
20242143%57%
20252245%50%
20261242%42%

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 Dogecoin

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

The double top elsewhere

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

Questions

How often does the double top work on Dogecoin?

In 106 cases on Dogecoin, the target (1.5 × ATR) came before the stop (1 × ATR) 49% of the time and the stop came first 46%; 5% went nowhere within 12 candles.

What is the double top?

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