Ethereum Classic / Euro may rise to 18.56 - 18.82

Our pivot point stands at 17.60.

Our preference

Rebound towards 18.82.

Alternative scenario

Below 17.60, expect 17.17 and 16.91.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 18.11 and 18.31). Finally, the Ethereum Classic / Euro has penetrated its lower Bollinger band (17.97).

Supports and resistances

19.34 **

19.08 *

18.82 **

18.56

17.94 last

17.77

17.60 **

17.17 *

16.91 **

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