Ethereum Classic / Dollar may fall to 17.61 - 17.80

Our pivot point stands at 18.41.

Our preference

Technical rebound towards 18.41 before a new drop.

Alternative scenario

Above 18.41, look for 18.72 and 18.90.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price stands above its 20 period moving average (18.11) but below its 50 period moving average (18.17).

Supports and resistances

18.90 **

18.72 *

18.41 **

18.29

18.17 last

17.80

17.61 **

17.43 *

17.24 **

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