Ethereum Classic / Euro may fall to 26.64 - 27.16

Our pivot point stands at 28.91.

Our preference

The downside prevails as long as 28.91 is resistance.

Alternative scenario

The upside breakout of 28.91, would call for 29.79 and 30.31.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 28.53 and 28.70).

Supports and resistances

30.31 **

29.79 *

28.91 **

28.56

28.21 last

27.16

26.64 **

26.12 *

25.59 **

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