Ethereum Classic / Dollar may fall to 27.55 - 28.06

Our pivot point stands at 29.77.

Our preference

As long as 29.77 is resistance look for 27.55.

Alternative scenario

The upside breakout of 29.77, would call for 30.64 and 31.15.

Comment

The RSI is below 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI should trigger further gains. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 29.14 and 29.16).

Supports and resistances

31.15 **

30.64 *

29.77 **

29.43

29.09 last

28.06

27.55 **

27.03 *

26.52 **

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