Ethereum Classic / Dollar may fall to 17.66 - 17.85

18.47 is our pivot point.

Our preference

As long as 18.47 is resistance look for 17.66.

Alternative scenario

Above 18.47, look for 18.78 and 18.97.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI would call for further upside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 18.23 and 18.25).

Supports and resistances

18.97 **

18.78 *

18.47 **

18.35

18.23 last

17.85

17.66 **

17.48 *

17.29 **

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