Ethereum Classic / Euro may rise to 17.29 - 17.53

Our pivot point stands at 16.49.

Our preference

As long as 16.49 is support look for 17.53.

Alternative scenario

Below 16.49, expect 16.08 and 15.84.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (16.81) but above its 50 period moving average (16.72).

Supports and resistances

18.01 **

17.77 *

17.53 **

17.29

16.81 last

16.65

16.49 **

16.08 *

15.84 **

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