Ethereum Classic / Dollar may rise to 29.42 - 29.93

Our pivot point is at 27.75.

Our preference

Rebound towards 29.93.

Alternative scenario

The downside breakout of 27.75 would call for 26.90 and 26.40.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 28.47 and 28.78).

Supports and resistances

30.93 **

30.43 *

29.93 **

29.42

28.41 last

28.08

27.75 **

26.90 *

26.40 **

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