Ethereum Classic / Euro may rise to 18.17 - 18.35

Our pivot point stands at 17.57.

Our preference

As long as 17.57 is support look for 18.35.

Alternative scenario

Below 17.57, expect 17.27 and 17.09.

Comment

The RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 17.78 and 17.43).

Supports and resistances

18.71 **

18.53 *

18.35 **

18.17

17.81 last

17.69

17.57 **

17.27 *

17.09 **

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