Ethereum Classic / Dollar may rise to 31.20 - 31.76

Our pivot point stands at 29.22.

Our preference

Rebound.

Alternative scenario

The downside breakout of 29.22 would call for 28.28 and 27.72.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (29.86) but under its 50 period moving average (30.21).

Supports and resistances

32.88 **

32.32 *

31.76 **

31.20

30.07 last

29.59

29.22 **

28.28 *

27.72 **

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