Cryptocurrency

Ethereum Classic / Dollar may rise to 19.79 - 19.99

2024-10-19

Our pivot point stands at 19.15.

Our preference

As long as 19.15 is support look for 19.99.

Alternative scenario

The downside breakout of 19.15 would call for 18.82 and 18.63.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 19.39 and 19.27).

Supports and resistances

20.38 **

20.18 *

19.99 **

19.79

19.40 last

19.28

19.15 **

18.82 *

18.63 **

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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