Ethereum Classic / Euro may rise to 21.60 - 21.90

Our pivot point stands at 20.60.

Our preference

As long as 20.60 is support look for 21.90.

Alternative scenario

The downside breakout of 20.60 would call for 20.10 and 19.80.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (21.07) but above its 50 period moving average (20.86).

Supports and resistances

22.50 **

22.20 *

21.90 **

21.60

21.00 last

20.80

20.60 **

20.10 *

19.80 **

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