Ethereum Classic / Dollar may rise to 18.99 - 19.17

Our pivot point is at 18.38.

Our preference

Rebound.

Alternative scenario

The downside breakout of 18.38 would call for 18.07 and 17.88.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (18.52) but under its 50 period moving average (18.71).

Supports and resistances

19.54 **

19.35 *

19.17 **

18.99

18.62 last

18.50

18.38 **

18.07 *

17.88 **

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