Ethereum Classic / Dollar may rise to 40.77 - 44.96

Our pivot point is at 26.65.

Our preference

The upside prevails as long as 26.65 is support.

Alternative scenario

Below 26.65, expect 19.66 and 15.50.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 27.55 and 28.39). Finally, the Ethereum Classic / Dollar is trading above its upper Bollinger band (standing at 31.15).

Supports and resistances

53.34 **

49.15 *

44.96 **

40.77

32.30 last

29.39

26.65 **

19.66 *

15.50 **

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