Ethereum Classic / Euro may rise to 28.22 - 28.70

Our pivot point stands at 26.64.

Our preference

As long as 26.64 is support look for 28.70.

Alternative scenario

The downside breakout of 26.64 would call for 25.84 and 25.36.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (27.30) but above its 50 period moving average (27.22).

Supports and resistances

29.65 **

29.17 *

28.70 **

28.22

27.27 last

26.95

26.64 **

25.84 *

25.36 **

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