Ethereum Classic / Dollar may fall to 18.44 - 18.63

Our pivot point stands at 19.30.

Our preference

Under pressure below 19.30.

Alternative scenario

The upside breakout of 19.30, would call for 19.62 and 19.81.

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 trading under both its 20 and 50 period moving average (respectively at 19.14 and 19.04). Finally, the Ethereum Classic / Dollar is trading below its lower Bollinger band (standing at 19.02).

Supports and resistances

19.81 **

19.62 *

19.30 **

19.17

19.01 last

18.63

18.44 **

18.25 *

18.06 **

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