Ethereum Classic / Dollar may fall to 14.19 - 16.24

Our pivot point stands at 23.07.

Our preference

The downside prevails as long as 23.07 is resistance.

Alternative scenario

Above 23.07, look for 26.53 and 28.59.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 22.49 and 26).

Supports and resistances

28.59 **

26.53 *

23.07 **

21.72

20.36 last

16.24

14.19 **

12.13 *

10.07 **

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