Ethereum Classic / Dollar may fall to 27.84 - 28.36

Our pivot point is at 30.13.

Our preference

The downside prevails as long as 30.13 is resistance.

Alternative scenario

The upside breakout of 30.13, would call for 31.01 and 31.53.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 29.57 and 29.53). Finally, the Ethereum Classic / Dollar has penetrated its lower Bollinger band (29.44).

Supports and resistances

31.53 **

31.01 *

30.13 **

29.79

29.40 last

28.36

27.84 **

27.32 *

26.80 **

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