Ethereum Classic / Euro may rise to 19.54 - 19.79

Our pivot point is at 18.71.

Our preference

As long as 18.71 is support look for 19.79.

Alternative scenario

The downside breakout of 18.71 would call for 18.30 and 18.05.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 18.81 and 18.30). Finally, the Ethereum Classic / Euro has crossed above its upper Bollinger band (19.00).

Supports and resistances

20.28 **

20.04 *

19.79 **

19.54

19.04 last

18.88

18.71 **

18.30 *

18.05 **

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