Ethereum Classic / Euro may fall to 19.05 - 19.34

20.44 is our pivot point.

Our preference

The downside prevails as long as 20.44 is resistance.

Alternative scenario

Above 20.44, look for 20.92 and 21.21.

Comment

The RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 20.20 and 20.47). Finally, the Ethereum Classic / Euro is trading below its lower Bollinger band (standing at 19.94).

Supports and resistances

21.21 **

20.92 *

20.44 **

20.25

19.91 last

19.34

19.05 **

18.77 *

18.48 **

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