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Crypto · chart pattern

Double top on Toncoin

On Toncoin the double top showed up 36 times. The target came first 33% of the time, the stop 64%, and 3% went nowhere within 12 candles.

Counted on Toncoin (TON/USDT): daily candles from August 2024, 4-hour candles from August 2024 and hourly candles from August 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
4-hour1020%80%0%
Hourly2638%58%4%

Toncoin against the rest

ChartsFoundTarget firstStop firstWent nowhere
Toncoin3633%64%3%
All Crypto charts3,43440%53%7%
Every market4,64138%55%7%

Year by year

YearFoundTarget firstStop first
2024922%78%
20251421%71%
20261354%46%

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 Toncoin

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Doji · Volume profile bounce · Volume profile rejection · MACD bearish cross · MACD bullish 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 Toncoin?

In 36 cases on Toncoin, the target (1.5 × ATR) came before the stop (1 × ATR) 33% of the time and the stop came first 64%; 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.