#ETC #EthereumClassic $ETC 🔎 Indicator & Candle Analysis
Candlestick Pattern (Monthly)
Strong downtrend since mid-2021 peak.
February 2026 candle: bearish (close lower than open, -12%).
No reversal pattern (like hammer or engulfing) visible yet.
Moving Averages (EMA)
EMA(7) = 12.88, EMA(25) = 18.03 → Price (8.58) is far below both.
This confirms strong bearish momentum.
EMA(99) not available, but trend bias is clearly down.
MACD (12,26,9)
MACD line (-1.89) below signal (-3.08), histogram negative.
Indicates bearish continuation, no bullish crossover yet.
RSI
RSI(6) = 21.15 (deep oversold).
RSI(12) = 35.09, RSI(24) = 44.20.
Oversold conditions suggest possible short-term bounce, but no confirmed reversal.
Volume
Volume declining compared to 2021 spike.
Weak buying pressure, sellers still dominate.
📊 Market Structure (Latest Analysis)
Price around $9.72 with resistance at $9.81, $10.33, $11.12.
Support at $9.57, $9.01, and major support $6.32.
Trend: Lower highs, lower lows (downtrend).
Break below $9.20 signals continuation; break above $10.13 would suggest reversal.
Setup Options:
Short-term traders:
Wait for bounce toward $9.81–$10.13 → consider short entry if rejection occurs.
Stop-loss above $10.50.
Target $9.00, then $6.30.
Long-term investors:
Avoid buying until price closes above $10.13 (trend reversal signal).
Safer accumulation zone near $6.30 support if reached.
⚠️ Risks
Oversold RSI could trigger a short squeeze.
Crypto volatility is high; sudden news/events can invalidate setups.
Extreme fear sentiment in ETC market (Fear & Greed Index = 12).
👉 My view: Trend is bearish, so selling/shorting is safer until $10.13 is broken. If you’re risk-averse, wait for confirmation of reversal before buying.