Ethereum Classic / Dollar may rise to 21.05 - 21.31

20.16 is our pivot point.

Our preference

The upside prevails as long as 20.16 is support.

Alternative scenario

Below 20.16, expect 19.71 and 19.44.

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 above its 20 and 50 period moving average (respectively at 20.13 and 19.83).

Supports and resistances

21.85 **

21.58 *

21.31 **

21.05

20.51 last

20.33

20.16 **

19.71 *

19.44 **

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