Ethereum Classic / Euro may rise to 27.77 - 28.24

Our pivot point is at 26.22.

Our preference

The upside prevails as long as 26.22 is support.

Alternative scenario

The downside breakout of 26.22 would call for 25.43 and 24.96.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 26.72 and 26.76).

Supports and resistances

29.18 **

28.71 *

28.24 **

27.77

26.84 last

26.53

26.22 **

25.43 *

24.96 **

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