Ethereum Classic / Euro may rise to 17.86 - 18.03

Our pivot point is at 17.28.

Our preference

The upside prevails as long as 17.28 is support.

Alternative scenario

Below 17.28, expect 16.99 and 16.82.

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 above its 20 and 50 period moving average (respectively at 17.41 and 17.35).

Supports and resistances

18.38 **

18.20 *

18.03 **

17.86

17.51 last

17.40

17.28 **

16.99 *

16.82 **

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