Ethereum Classic / Dollar may rise to 33.38 - 33.98

Our pivot point stands at 31.37.

Our preference

As long as 31.37 is support look for 33.98.

Alternative scenario

The downside breakout of 31.37 would call for 30.36 and 29.76.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 32.10 and 32.07).

Supports and resistances

35.18 **

34.58 *

33.98 **

33.38

32.16 last

31.76

31.37 **

30.36 *

29.76 **

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