Ethereum Classic / Dollar may fall to 17.98 - 18.23

Our pivot point stands at 19.25.

Our preference

Technical rebound towards 19.25 before a new drop.

Alternative scenario

The upside breakout of 19.25, would call for 19.67 and 19.92.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above its 20 period moving average (18.61) but under its 50 period moving average (18.76).

Supports and resistances

19.92 **

19.67 *

19.25 **

19.08

18.75 last

18.23

17.98 **

17.73 *

17.48 **

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