Ethereum Classic / Dollar may rise to 27.93 - 28.41

Our pivot point is at 26.34.

Our preference

Our next up target stands at 28.41.

Alternative scenario

The downside breakout of 26.34 would call for 25.54 and 25.06.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 26.81 and 26.97).

Supports and resistances

29.36 **

28.88 *

28.41 **

27.93

26.97 last

26.66

26.34 **

25.54 *

25.06 **

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