Ethereum Classic / Dollar may rise to 31.67 - 32.24

29.72 is our pivot point.

Our preference

Rebound towards 32.24.

Alternative scenario

The downside breakout of 29.72 would call for 28.76 and 28.19.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 30.51 and 30.97).

Supports and resistances

33.38 **

32.81 *

32.24 **

31.67

30.47 last

30.09

29.72 **

28.76 *

28.19 **

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