Ethereum Classic / Euro may rise to 20.46 - 21.69

Our pivot point stands at 16.01.

Our preference

The upside prevails as long as 16.01 is support.

Alternative scenario

The downside breakout of 16.01 would call for 13.99 and 12.78.

Comment

The RSI is above its neutrality area at 50. 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 17.34 and 17.04).

Supports and resistances

24.16 **

22.93 *

21.69 **

20.46

17.61 last

16.81

16.01 **

13.99 *

12.78 **

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