CC Technical Analysis Feb 18

CC shows neutral momentum at RSI 52.97 level, while MACD’s negative histogram indicates weakness; holding above short-term EMA20 preserves upside potential.

Trend Status and Momentum Analysis

CC is currently trading at 0.17 dollars and recorded a 2.19% rise in the last 24 hours, keeping its daily range limited to the 0.16-0.17 band. Although the overall trend direction is upward, momentum indicators are giving mixed signals. RSI at 14 periods is positioned in the neutral zone at 52.97, while MACD exhibits a bearish structure and the widening negative histogram reflects selling pressure. The price settling above short-term EMA20 (0.16 dollars) provides a bullish short-term bias, but the Supertrend indicator gives a bearish signal and the 0.21 dollar resistance is critically important. Volume is at a medium level with 19.83 million dollars, not fully confirming the rise; this indicates that momentum has not yet gained strong acceleration. In multi-timeframe (MTF) confluence, 11 strong levels were detected: 2 supports/3 resistances on 1D, 1 support/4 resistances on 3D, and weighted 4 supports/2 resistances on 1W. This structure suggests that the upward movement may remain limited by resistances.

RSI Indicator: Buy or Sell?

RSI Divergence Analysis

RSI at 14 periods stands exactly in the neutral zone at 52.97, giving neither overbought (above 70) nor oversold (below 30) signals. No regular bullish divergence is observed recently; while price makes new highs, RSI does not form lower highs. Instead, there is potential for hidden bearish divergence: as price makes lower lows, RSI draws higher lows, warning that the trend may weaken. On the daily chart, RSI is moving sideways after breaking above the 50 level, indicating that momentum is in a consolidation phase. Weekly RSI is under pressure around 48, reinforcing long-term weakness. The absence of divergence points to gradual momentum erosion rather than a sudden reversal.

Overbought/Oversold Regions

RSI is currently in a safe zone at 52.97, but overbought risk will increase if it approaches the 60 level. Recovering without falling below 40 in recent dips confirms that selling pressure remained limited. Momentum toward the 55-65 band on the 1D chart would be positive for short-term buying momentum; the current neutral status mandates a wait-and-see approach. Distance from overbought regions preserves upside potential, while 45 support is critical in potential pullbacks.

MACD Signals and Histogram Dynamics

MACD is in a bearish position; the signal line is below the MACD line and the histogram is widening in the negative zone. This shows momentum shifting in favor of selling – the growing histogram bars confirm strengthening bearish momentum. In the recent crossover, the MACD line broke below the signal line, generating a short-term sell signal. On the daily chart, the histogram deepening around -0.002 was the main reason for failure at the 0.1663 resistance test. However, there is potential for a bullish crossover if approaching the zero line; histogram narrowing could precede this transition. On the 4-hour chart, the MACD line shows a slight upward curl, increasing short-term correction potential. Overall, negative histogram dynamics limit CC’s momentum strength, and volume increase is required for a resistance breakout.

EMA Systems and Trend Strength

Short-Term EMAs

Price is holding steadily above EMA20 (0.16 dollars), supporting a short-term bullish bias. There is no narrowing between EMA10 and EMA20 ribbon; instead, slight expansion makes trend strength measurable. Daily closes testing EMA21 but holding preserve upside momentum. Short-term EMA crossovers are positive; the EMA5 > EMA10 > EMA20 order remains intact, showing intraday buyers’ dominance.

Medium/Long-Term EMA Supports

EMA50 forms resistance around 0.165, and staying below it questions the medium-term trend. EMA200 is strong at 0.1434 support, the cornerstone of the long-term uptrend. Ribbon dynamics show compression between EMA50-EMA200, indicating weak trend strength. A close above 0.17 is required for medium-term EMAs to curl upward; otherwise, 0.1636 support will be tested.

Bitcoin Correlation

Bitcoin is showing a downtrend with a slight decline (-0.05%) at 68,289 dollars; Supertrend is bearish and main supports are in the 68,050-65,415 band. As a highly correlated altcoin with BTC, CC is directly affected by BTC’s weakness – if BTC fails to break 69,162 resistance, selling pressure on CC increases. Rising BTC dominance hampers altcoin rallies; if BTC falls below 65,415, CC’s 0.1636 support becomes critical. Conversely, if BTC rises to 71,708, CC challenges the 0.1958 target. Monitor BTC movements: develop correlation strategies for CC Spot Analysis and CC Futures Analysis.

Momentum Result and Expectations

Momentum indicators for CC are mixed: RSI neutral, MACD weak with bearish histogram, EMA short-term supported but long-term ribbon compressed. Volume does not confirm the rise, MTF resistance weight limits upside potential. In the bullish scenario, breakouts at 0.1663-0.1801 open the 0.2331 target (score 22); in bearish, 0.1636 breakdown leads to 0.1434-0.0880 (score 25). Although the trend is up, BTC downtrend requires caution. Momentum confluence is weak for buying; closes above 0.17 and histogram narrowing would be positive. Expectations are consolidation-focused, with volume increase as breakout trigger.