Ethereum Classic / Dollar may rise to 22.15 - 23.48

Our pivot point stands at 17.35.

Our preference

Rise to 23.48.

Alternative scenario

The downside breakout of 17.35 would call for 15.16 and 13.86.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI should trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 18.94 and 18.80).

Supports and resistances

26.15 **

24.82 *

23.48 **

22.15

19.08 last

18.21

17.35 **

15.16 *

13.86 **

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