Ethereum Classic / Euro may fall to 27.68 - 28.22

Our pivot point stands at 30.04.

Our preference

The downside prevails as long as 30.04 is resistance.

Alternative scenario

The upside breakout of 30.04, would call for 30.96 and 31.51.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 29.52 and 29.50).

Supports and resistances

31.51 **

30.96 *

30.04 **

29.68

29.32 last

28.22

27.68 **

27.13 *

26.58 **

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