Ethereum Classic / Euro may fall to 15.94 - 16.18

16.98 is our pivot point.

Our preference

Target 15.94.

Alternative scenario

The upside breakout of 16.98, would call for 17.38 and 17.62.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (16.74) but above its 50 period moving average (16.66).

Supports and resistances

17.62 **

17.38 *

16.98 **

16.82

16.66 last

16.18

15.94 **

15.70 *

15.46 **

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