Ethereum Classic / Dollar may fall to 20.17 - 20.47

Our pivot point is at 21.50.

Our preference

Target 20.17.

Alternative scenario

The upside breakout of 21.50, would call for 22.01 and 22.32.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (21.19) but above its 50 period moving average (21.06).

Supports and resistances

22.32 **

22.01 *

21.50 **

21.29

21.09 last

20.47

20.17 **

19.86 *

19.55 **

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