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Crypto · chart pattern

Double top on Ethereum Classic

On Ethereum Classic the double top showed up 129 times. The target came first 43% of the time, the stop 49%, and 9% went nowhere within 12 candles.

Counted on Ethereum Classic (ETC/USDT): daily candles from January 2021, 4-hour candles from January 2021 and hourly candles from January 2021.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily667%33%0%
4-hour2236%50%14%
Hourly10143%50%8%

Ethereum Classic against the rest

ChartsFoundTarget firstStop firstWent nowhere
Ethereum Classic12943%49%9%
All Crypto charts3,43440%53%7%
Every market4,64138%55%7%

Year by year

YearFoundTarget firstStop first
20211942%42%
20223247%47%
20231942%58%
20242540%52%
20251937%47%
20261547%47%

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 Ethereum Classic

Inside bar · Stochastic bearish cross · Spinning top · Stochastic bullish cross · Volume profile rejection · Doji · Volume profile bounce · 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 Ethereum Classic?

In 129 cases on Ethereum Classic, the target (1.5 × ATR) came before the stop (1 × ATR) 43% of the time and the stop came first 49%; 9% went nowhere within 12 candles.

What is the double top?

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