Cryptocurrency

Ethereum Classic / Euro may fall to 24.89 - 25.38

2024-06-04

27.01 is our pivot point.

Our preference

The downside prevails as long as 27.01 is resistance.

Alternative scenario

Above 27.01, look for 27.83 and 28.32.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 26.67 and 26.71).

Supports and resistances

28.32 **

27.83 *

27.01 **

26.68

26.36 last

25.38

24.89 **

24.40 *

23.91 **

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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