Ethereum Classic / Dollar may rise to 20.41 - 20.67

Our pivot point stands at 19.56.

Our preference

As long as 19.56 is support look for 20.67.

Alternative scenario

Below 19.56, expect 19.12 and 18.86.

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 below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 19.83 and 19.61).

Supports and resistances

21.19 **

20.93 *

20.67 **

20.41

19.90 last

19.73

19.56 **

19.12 *

18.86 **

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