Ethereum Classic / Dollar may fall to 14.52 - 15.82

Our pivot point is at 20.56.

Our preference

The downside prevails as long as 20.56 is resistance.

Alternative scenario

The upside breakout of 20.56, would call for 22.78 and 24.10.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 19.18 and 18.80).

Supports and resistances

24.10 **

22.78 *

20.56 **

19.68

18.51 last

15.82

14.52 **

13.23 *

11.93 **

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