Ethereum Classic / Euro may fall to 17.32 - 17.50

Our pivot point is at 18.10.

Our preference

Under pressure below 18.10.

Alternative scenario

The upside breakout of 18.10, would call for 18.40 and 18.58.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 17.89 and 17.87).

Supports and resistances

18.58 **

18.40 *

18.10 **

17.98

17.86 last

17.50

17.32 **

17.14 *

16.96 **

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