Ethereum Classic / Euro may rise to 21.90 - 22.20

Our pivot point stands at 20.88.

Our preference

Rebound.

Alternative scenario

The downside breakout of 20.88 would call for 20.37 and 20.06.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (21.11) but under its 50 period moving average (21.44). Finally, the Ethereum Classic / Euro has crossed above its upper Bollinger band (21.26).

Supports and resistances

22.81 **

22.51 *

22.20 **

21.90

21.29 last

21.08

20.88 **

20.37 *

20.06 **

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