Ethereum Classic / Euro may rise to 18.92 - 19.10

18.30 is our pivot point.

Our preference

The upside prevails as long as 18.30 is support.

Alternative scenario

Below 18.30, expect 17.98 and 17.80.

Comment

The RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 18.35 and 18.22).

Supports and resistances

19.47 **

19.29 *

19.10 **

18.92

18.54 last

18.42

18.30 **

17.98 *

17.80 **

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