Ethereum Classic / Euro may rise to 17.00 - 17.24

Our pivot point is at 16.19.

Our preference

As long as 16.19 is support look for 17.24.

Alternative scenario

The downside breakout of 16.19 would call for 15.79 and 15.55.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (16.60) but above its 50 period moving average (16.34).

Supports and resistances

17.71 **

17.48 *

17.24 **

17.00

16.53 last

16.35

16.19 **

15.79 *

15.55 **

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