Ethereum Classic / Dollar may fall to 20.04 - 20.34

Our pivot point stands at 21.36.

Our preference

As long as 21.36 is resistance look for 20.04.

Alternative scenario

The upside breakout of 21.36, would call for 21.87 and 22.18.

Comment

The RSI is above 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI would call for further downside. Moreover, the price stands above its 20 period moving average (20.92) but below its 50 period moving average (20.96).

Supports and resistances

22.18 **

21.87 *

21.36 **

21.16

20.96 last

20.34

20.04 **

19.73 *

19.43 **

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