Ethereum Classic / Dollar may rise to 19.55 - 19.80

Our pivot point is at 18.71.

Our preference

Rebound.

Alternative scenario

Below 18.71, expect 18.30 and 18.05.

Comment

The RSI is above its neutrality area at 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 stands above its 20 period moving average (19.02) but below its 50 period moving average (19.08).

Supports and resistances

20.30 **

20.05 *

19.80 **

19.55

19.06 last

18.87

18.71 **

18.30 *

18.05 **

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