Ethereum Classic / Dollar may rise to 23.66 - 24.00

Our pivot point stands at 22.54.

Our preference

Look for a drop towards 22.54 before a bounce.

Alternative scenario

Below 22.54, expect 21.98 and 21.64.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is trading under its 20 period moving average (23) but above its 50 period moving average (22.92).

Supports and resistances

24.67 **

24.34 *

24.00 **

23.66

22.99 last

22.77

22.54 **

21.98 *

21.64 **

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