Ethereum Classic / Dollar may fall to 28.97 - 29.54

Our pivot point is at 31.54.

Our preference

The downside prevails as long as 31.54 is resistance.

Alternative scenario

The upside breakout of 31.54, would call for 32.51 and 33.08.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 31.23 and 31.29).

Supports and resistances

33.08 **

32.51 *

31.54 **

31.16

30.69 last

29.54

28.97 **

28.40 *

27.82 **

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