Ethereum Classic / Euro may fall to 16.64 - 16.89

Our pivot point is at 17.72.

Our preference

Target 16.64.

Alternative scenario

The upside breakout of 17.72, would call for 18.14 and 18.39.

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 its 20 period moving average (17.41) but above its 50 period moving average (17.30).

Supports and resistances

18.39 **

18.14 *

17.72 **

17.55

17.39 last

16.89

16.64 **

16.39 *

16.14 **

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