Ethereum Classic / Dollar may rise to 24.02 - 24.36

Our pivot point stands at 22.85.

Our preference

As long as 22.85 is support look for 24.36.

Alternative scenario

The downside breakout of 22.85 would call for 22.28 and 21.93.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 23.29 and 22.93).

Supports and resistances

25.05 **

24.71 *

24.36 **

24.02

23.32 last

23.08

22.85 **

22.28 *

21.93 **

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