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Crypto · indicator signal

RSI overbought drop on Ethereum Classic

On Ethereum Classic the rsi overbought drop showed up 798 times. The target came first 34% of the time, the stop 60%, and 6% went nowhere within 12 candles.

Counted on Ethereum Classic (ETC/USDT): daily candles from January 2021, 4-hour candles from January 2021 and hourly candles from January 2021.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily3135%65%0%
4-hour16132%61%7%
Hourly60634%59%6%

Ethereum Classic against the rest

ChartsFoundTarget firstStop firstWent nowhere
Ethereum Classic79834%60%6%
All Crypto charts23,32134%57%9%
Every market36,01434%58%8%

Year by year

YearFoundTarget firstStop first
202113431%63%
202212530%66%
202313833%57%
202416434%62%
202514041%56%
20269736%54%

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 rsi overbought drop is

RSI rose above 70, then fell back below it. Buying may be tiring.

Run up a hill as fast as you can and soon you need a breather. RSI is a gauge from 0 to 100 that shows how hard price has been pushed lately. Above 70 means price was pushed up very hard, and dropping back below 70 hints the buyers may be tiring.

The full rsi overbought drop lesson, video and quiz ›

Other patterns on Ethereum Classic

Inside bar · Stochastic bearish cross · Spinning top · Stochastic bullish cross · Volume profile rejection · Doji · Volume profile bounce · MACD bullish cross · MACD bearish cross · EMA 9/21 bearish cross · all of them

The rsi overbought drop elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot · Sensex · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY

Questions

How often does the rsi overbought drop work on Ethereum Classic?

In 798 cases on Ethereum Classic, the target (1.5 × ATR) came before the stop (1 × ATR) 34% of the time and the stop came first 60%; 6% went nowhere within 12 candles.

What is the rsi overbought drop?

RSI rose above 70, then fell back below it. Buying may be tiring.