Ethereum Classic / Euro may fall to 17.09 - 17.27

Our pivot point is at 17.86.

Our preference

Target 17.09.

Alternative scenario

Above 17.86, look for 18.16 and 18.34.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (17.81) but above its 50 period moving average (17.58). Finally, the Ethereum Classic / Euro is trading below its lower Bollinger band (standing at 17.65).

Supports and resistances

18.34 **

18.16 *

17.86 **

17.74

17.62 last

17.27

17.09 **

16.91 *

16.73 **

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