Ethereum Classic / Dollar may fall to 18.02 - 18.29

Our pivot point stands at 19.23.

Our preference

Under pressure below 19.23.

Alternative scenario

Above 19.23, look for 19.70 and 19.97.

Comment

The RSI is below 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 trading under both its 20 and 50 period moving average (respectively at 19.01 and 18.90).

Supports and resistances

19.97 **

19.70 *

19.23 **

19.05

18.87 last

18.29

18.02 **

17.74 *

17.47 **

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