Ethereum Classic / Dollar may fall to 19.02 - 19.28

Our pivot point stands at 20.20.

Our preference

The downside prevails as long as 20.20 is resistance.

Alternative scenario

The upside breakout of 20.20, would call for 20.63 and 20.89.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 20.04 and 20.13). Finally, the Ethereum Classic / Dollar has penetrated its lower Bollinger band (19.88).

Supports and resistances

20.89 **

20.63 *

20.20 **

20.03

19.82 last

19.28

19.02 **

18.76 *

18.51 **

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