Ethereum Classic / Dollar may rise to 28.80 - 31.23

20.73 is our pivot point.

Our preference

Rebound.

Alternative scenario

The downside breakout of 20.73 would call for 16.64 and 14.21.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (22.10) but under its 50 period moving average (24.69).

Supports and resistances

36.09 **

33.66 *

31.23 **

28.80

23.94 last

22.33

20.73 **

16.64 *

14.21 **

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