Ethereum Classic / Euro may rise to 17.92 - 18.16

Our pivot point stands at 17.12.

Our preference

Our next up target stands at 18.16.

Alternative scenario

The downside breakout of 17.12 would call for 16.72 and 16.48.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 17.32 and 17.35).

Supports and resistances

18.65 **

18.40 *

18.16 **

17.92

17.44 last

17.28

17.12 **

16.72 *

16.48 **

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