Ethereum Classic / Dollar may fall to 17.94 - 21.43

33.22 is our pivot point.

Our preference

Target 17.94.

Alternative scenario

The upside breakout of 33.22, would call for 39.11 and 42.62.

Comment

The RSI is below 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 (30.12) but above its 50 period moving average (28.14).

Supports and resistances

42.62 **

39.11 *

33.22 **

30.90

28.40 last

21.43

17.94 **

14.46 *

10.97 **

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