Ethereum Classic / Dollar may fall to 28.07 - 28.59

30.34 is our pivot point.

Our preference

Under pressure below 30.34.

Alternative scenario

The upside breakout of 30.34, would call for 31.22 and 31.74.

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 trading under both its 20 and 50 period moving average (respectively at 29.72 and 29.65).

Supports and resistances

31.74 **

31.22 *

30.34 **

29.99

29.64 last

28.59

28.07 **

27.54 *

27.02 **

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