Ethereum Classic / Dollar may rise to 30.80 - 31.32

Our pivot point stands at 29.00.

Our preference

As long as 29 is support look for 31.32.

Alternative scenario

Below 29.00, expect 28.12 and 27.59.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (29.75) but above its 50 period moving average (29.65).

Supports and resistances

32.38 **

31.85 *

31.32 **

30.80

29.74 last

29.35

29.00 **

28.12 *

27.59 **

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