Ethereum Classic / Dollar may rise to 30.73 - 31.28

Our pivot point stands at 28.89.

Our preference

Rebound towards 31.28.

Alternative scenario

Below 28.89, expect 27.96 and 27.41.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (29.62) but under its 50 period moving average (29.72).

Supports and resistances

32.39 **

31.83 *

31.28 **

30.73

29.62 last

29.26

28.89 **

27.96 *

27.41 **

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