Ethereum Classic / Euro may fall to 18.89 - 19.17

Our pivot point stands at 20.11.

Our preference

As long as 20.11 is resistance look for 18.89.

Alternative scenario

Above 20.11, look for 20.59 and 20.87.

Comment

The RSI is below 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI would call for further upside. Moreover, the price is trading above its 20 period moving average (19.57) but under its 50 period moving average (19.88).

Supports and resistances

20.87 **

20.59 *

20.11 **

19.92

19.74 last

19.17

18.89 **

18.60 *

18.32 **

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