Ethereum Classic / Euro may rise to 18.01 - 18.24

Our pivot point is at 17.24.

Our preference

As long as 17.24 is support look for 18.24.

Alternative scenario

Below 17.24, expect 16.85 and 16.62.

Comment

The RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 17.48 and 17.37). Finally, the Ethereum Classic / Euro has crossed above its upper Bollinger band (17.53).

Supports and resistances

18.71 **

18.48 *

18.24 **

18.01

17.55 last

17.39

17.24 **

16.85 *

16.62 **

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