Ethereum Classic / Dollar may fall to 20.35 - 20.66

Our pivot point is at 21.72.

Our preference

As long as 21.72 is resistance look for 20.35.

Alternative scenario

The upside breakout of 21.72, would call for 22.24 and 22.55.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and positive. 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 (21.16) but under its 50 period moving average (21.47).

Supports and resistances

22.55 **

22.24 *

21.72 **

21.51

21.29 last

20.66

20.35 **

20.04 *

19.73 **

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