The post CC Technical Analysis Feb 3 appeared on BitcoinEthereumNews.com.

CC is testing critical support levels with a 9% drop in the last 24 hours while maintaining the HH/HL structure in the rising trend. If no BOS or CHoCH appears in the structure, the trend continuation potential is high, but LL formation below could signal a reversal. Market Structure Overview CC’s current market structure is characterized by higher highs (HH) and higher lows (HL) pattern reflecting the overall uptrend. In the recent period, price has moved up from the $0.1352 swing low, forming HHs near $0.2154 and staying above EMA20 ($0.16). This indicates the short-term bullish structure is preserved; however, the Supertrend’s bearish signal and 24-hour 9% loss increase the importance of the $0.1637 support level. In the MTF structure (1D/3D/1W), 8 strong levels were identified: 2 supports/2 resistances on 1D, 2 supports/3 resistances dominant on 3D. RSI at 59.50 is neutral-bullish, MACD provides support with a positive histogram. The integrity of the structure depends on holding the recent swing lows; otherwise, a LH/LL transition is possible. Trend Analysis: Uptrend or Downtrend? Uptrend Signals The uptrend is supported by consecutive higher highs and higher lows. The upward move from the recent swing low at $0.1352 (70 score) formed a new HL supported at $0.1637 (76 score) and reached the HH target at $0.1806 (69 score). This pattern confirms the classic uptrend structure: Each HL is higher than the previous, and HHs are too. Position above EMA20 makes short-term momentum bullish; MACD’s positive histogram shows buyer pressure. In this structure, a BOS above $0.2154 confirms trend continuation with a new HH and opens the $0.3051 target. Downtrend Risk The downtrend risk begins with the break of the $0.1637 swing low; this triggers a CHoCH turning into LH/LL pattern. The $0.20-$0.17 range in the last 24 hours could form a lower high…

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Filed under: News - @ February 4, 2026 1:19 am