Ethereum Classic / Euro may rise to 21.59 - 21.89

Our pivot point is at 20.59.

Our preference

Our next up target stands at 21.89.

Alternative scenario

The downside breakout of 20.59 would call for 20.08 and 19.78.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 20.95 and 20.99).

Supports and resistances

22.50 **

22.19 *

21.89 **

21.59

20.99 last

20.79

20.59 **

20.08 *

19.78 **

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