Ethereum Classic / Dollar may rise to 19.76 - 20.01

Our pivot point is at 18.91.

Our preference

Rebound towards 20.01.

Alternative scenario

The downside breakout of 18.91 would call for 18.48 and 18.22.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (19.20) but under its 50 period moving average (19.36).

Supports and resistances

20.52 **

20.27 *

20.01 **

19.76

19.25 last

19.08

18.91 **

18.48 *

18.22 **

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