Ethereum Classic / Dollar may rise to 30.36 - 30.91

Our pivot point stands at 28.52.

Our preference

The upside prevails as long as 28.52 is support.

Alternative scenario

The downside breakout of 28.52 would call for 27.60 and 27.06.

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 29 and 29.05).

Supports and resistances

32.00 **

31.45 *

30.91 **

30.36

29.27 last

28.88

28.52 **

27.60 *

27.06 **

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