Ethereum Classic / Euro may rise to 17.63 - 17.86

16.87 is our pivot point.

Our preference

The upside prevails as long as 16.87 is support.

Alternative scenario

Below 16.87, expect 16.49 and 16.26.

Comment

The RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 17.03 and 17.09). Finally, the Ethereum Classic / Euro is trading above its upper Bollinger band (standing at 17.17).

Supports and resistances

18.31 **

18.08 *

17.86 **

17.63

17.17 last

17.02

16.87 **

16.49 *

16.26 **

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