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Crypto · chart pattern

Double top on Ethereum

On Ethereum the double top showed up 95 times. The target came first 39% of the time, the stop 58%, and 3% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily425%50%25%
4-hour2241%55%5%
Hourly6939%59%1%

Ethereum against the rest

ChartsFoundTarget firstStop firstWent nowhere
Ethereum9539%58%3%
All Crypto charts3,43440%53%7%
Every market4,64138%55%7%

Year by year

YearFoundTarget firstStop first
20212133%57%
20221650%50%
20232025%70%
20241631%69%
20251354%46%
2026956%44%

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

Inside bar · Stochastic bearish cross · Spinning top · Stochastic bullish cross · 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

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

Questions

How often does the double top work on Ethereum?

In 95 cases on Ethereum, the target (1.5 × ATR) came before the stop (1 × ATR) 39% of the time and the stop came first 58%; 3% went nowhere within 12 candles.

What is the double top?

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