Ethereum Classic / Dollar may rise to 40.19 - 44.32

26.47 is our pivot point.

Our preference

The upside prevails as long as 26.47 is support.

Alternative scenario

Below 26.47, expect 19.53 and 15.40.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 29.18 and 28.22).

Supports and resistances

52.58 **

48.45 *

44.32 **

40.19

31.93 last

29.20

26.47 **

19.53 *

15.40 **

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