Cryptocurrency

Ethereum Classic / Dollar may rise to 33.45 - 34.06

2024-05-27

Our pivot point is at 31.45.

Our preference

The upside prevails as long as 31.45 is support.

Alternative scenario

Below 31.45, expect 30.44 and 29.84.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 32.13 and 32.01).

Supports and resistances

35.26 **

34.66 *

34.06 **

33.45

32.25 last

31.85

31.45 **

30.44 *

29.84 **

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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