Ethereum Classic / Dollar may rise to 22.88 - 24.62

Our pivot point is at 16.74.

Our preference

Rebound towards 24.62.

Alternative scenario

Below 16.74, expect 13.87 and 12.16.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (19.07) but under its 50 period moving average (21.03).

Supports and resistances

28.11 **

26.37 *

24.62 **

22.88

19.26 last

17.86

16.74 **

13.87 *

12.16 **

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