Ethereum Classic / Euro may rise to 18.49 - 18.67

Our pivot point is at 17.88.

Our preference

The upside prevails as long as 17.88 is support.

Alternative scenario

The downside breakout of 17.88 would call for 17.58 and 17.40.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 17.85 and 17.83).

Supports and resistances

19.03 **

18.85 *

18.67 **

18.49

18.12 last

18.00

17.88 **

17.58 *

17.40 **

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