Ethereum Classic / Euro may rise to 30.66 - 31.21

28.82 is our pivot point.

Our preference

Look for a drop towards 28.82 before a bounce.

Alternative scenario

The downside breakout of 28.82 would call for 27.90 and 27.35.

Comment

The RSI is above 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 above its 20 and 50 period moving average (respectively at 29.52 and 29.52).

Supports and resistances

32.31 **

31.76 *

31.21 **

30.66

29.55 last

29.19

28.82 **

27.90 *

27.35 **

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