Ethereum Classic / Dollar may rise to 24.87 - 25.22

Our pivot point is at 23.69.

Our preference

Look for a drop towards 23.69 before a bounce.

Alternative scenario

Below 23.69, expect 23.09 and 22.74.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is below its 20 period moving average (24.23) but above its 50 period moving average (24.10).

Supports and resistances

25.93 **

25.57 *

25.22 **

24.87

24.16 last

23.92

23.69 **

23.09 *

22.74 **

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