Ethereum Classic / Dollar may rise to 24.02 - 24.36

Our pivot point stands at 22.84.

Our preference

Rebound.

Alternative scenario

The downside breakout of 22.84 would call for 22.26 and 21.92.

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 trigger further gains. Moreover, the price stands above its 20 period moving average (23.09) but below its 50 period moving average (23.42). Finally, the Ethereum Classic / Dollar is trading above its upper Bollinger band (standing at 23.31).

Supports and resistances

25.05 **

24.71 *

24.36 **

24.02

23.34 last

23.06

22.84 **

22.26 *

21.92 **

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