Ethereum Classic / Dollar may fall to 29.43 - 30.01

Our pivot point stands at 31.94.

Our preference

The downside prevails as long as 31.94 is resistance.

Alternative scenario

The upside breakout of 31.94, would call for 32.92 and 33.50.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 31.35 and 31.24).

Supports and resistances

33.50 **

32.92 *

31.94 **

31.56

31.18 last

30.01

29.43 **

28.85 *

28.26 **

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