Ethereum Classic / Euro may fall to 16.30 - 16.54

Our pivot point is at 17.36.

Our preference

As long as 17.36 is resistance look for 16.30.

Alternative scenario

Above 17.36, look for 17.76 and 18.

Comment

The RSI is below 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI would call for further upside. Moreover, the price stands above its 20 period moving average (16.99) but below its 50 period moving average (17.06).

Supports and resistances

18.00 **

17.76 *

17.36 **

17.21

17.01 last

16.54

16.30 **

16.07 *

15.83 **

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