Ethereum Classic / Dollar may rise to 23.55 - 23.87

Our pivot point is at 22.48.

Our preference

Rebound towards 23.87.

Alternative scenario

The downside breakout of 22.48 would call for 21.94 and 21.62.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 23.01 and 23.22).

Supports and resistances

24.51 **

24.19 *

23.87 **

23.55

22.91 last

22.69

22.48 **

21.94 *

21.62 **

Number of asterisks represents the strength of support and resistance levels.