Ethereum Classic / Euro may rise to 18.04 - 18.22

Our pivot point is at 17.45.

Our preference

Look for a drop towards 17.45 before a bounce.

Alternative scenario

Below 17.45, expect 17.14 and 16.97.

Comment

The RSI is above 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is trading under its 20 period moving average (17.73) but above its 50 period moving average (17.65).

Supports and resistances

18.57 **

18.40 *

18.22 **

18.04

17.68 last

17.56

17.45 **

17.14 *

16.97 **

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