Ethereum Classic / Euro may fall to 16.84 - 17.01

Our pivot point stands at 17.58.

Our preference

Target 16.84.

Alternative scenario

The upside breakout of 17.58, would call for 17.87 and 18.04.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (17.42) but above its 50 period moving average (17.35).

Supports and resistances

18.04 **

17.87 *

17.58 **

17.47

17.36 last

17.01

16.84 **

16.67 *

16.50 **

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