Cryptocurrency

Ethereum Classic / Dollar may rise to 20.29 - 20.49

2024-10-21

Our pivot point is at 19.63.

Our preference

As long as 19.63 is support look for 20.49.

Alternative scenario

The downside breakout of 19.63 would call for 19.29 and 19.09.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 19.84 and 19.77).

Supports and resistances

20.89 **

20.69 *

20.49 **

20.29

19.89 last

19.76

19.63 **

19.29 *

19.09 **

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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