Ethereum Classic / Euro may rise to 18.37 - 18.55

Our pivot point is at 17.77.

Our preference

Rebound towards 18.55.

Alternative scenario

The downside breakout of 17.77 would call for 17.47 and 17.29.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 18.05 and 18.25).

Supports and resistances

18.92 **

18.73 *

18.55 **

18.37

18.01 last

17.89

17.77 **

17.47 *

17.29 **

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