Ethereum Classic / Dollar may rise to 31.25 - 31.81

Our pivot point is at 29.20.

Our preference

The upside prevails as long as 29.20 is support.

Alternative scenario

The downside breakout of 29.20 would call for 28.26 and 27.70.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 29.91 and 29.99).

Supports and resistances

32.94 **

32.38 *

31.81 **

31.25

30.06 last

29.57

29.20 **

28.26 *

27.70 **

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