Ethereum Classic / Dollar may rise to 19.05 - 19.30

Our pivot point stands at 18.22.

Our preference

Rebound.

Alternative scenario

Below 18.22, expect 17.81 and 17.56.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (18.37) but below its 50 period moving average (18.82). Finally, the Ethereum Classic / Dollar is trading above its upper Bollinger band (standing at 18.52).

Supports and resistances

19.79 **

19.54 *

19.30 **

19.05

18.56 last

18.38

18.22 **

17.81 *

17.56 **

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