Ethereum Classic / Dollar may rise to 19.87 - 20.07

Our pivot point is at 19.16.

Our preference

The upside prevails as long as 19.16 is support.

Alternative scenario

Below 19.16, expect 18.83 and 18.63.

Comment

The RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 19.23 and 18.89).

Supports and resistances

20.46 **

20.26 *

20.07 **

19.87

19.47 last

19.29

19.16 **

18.83 *

18.63 **

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