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Crypto · chart pattern

Double top on Injective

On Injective the double top showed up 138 times. The target came first 41% of the time, the stop 49%, and 11% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily333%67%0%
4-hour2045%40%15%
Hourly11540%50%10%

Injective against the rest

ChartsFoundTarget firstStop firstWent nowhere
Injective13841%49%11%
All Crypto charts3,43440%53%7%
Every market4,64138%55%7%

Year by year

YearFoundTarget firstStop first
20212035%55%
20222548%44%
20232544%48%
20243639%56%
20251747%29%
20261527%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 Injective

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

In 138 cases on Injective, the target (1.5 × ATR) came before the stop (1 × ATR) 41% of the time and the stop came first 49%; 11% went nowhere within 12 candles.

What is the double top?

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