Ethereum Classic / Dollar may rise to 29.89 - 30.40

Our pivot point is at 28.02.

Our preference

The upside prevails as long as 28.02 is support.

Alternative scenario

The downside breakout of 28.02 would call for 27.16 and 26.66.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 28.45 and 28.64). Finally, the Ethereum Classic / Dollar is trading above its upper Bollinger band (standing at 28.71).

Supports and resistances

31.42 **

30.91 *

30.40 **

29.89

28.81 last

28.35

28.02 **

27.16 *

26.66 **

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