Ethereum Classic / Dollar may rise to 26.64 - 27.06

Our pivot point is at 25.26.

Our preference

Rebound.

Alternative scenario

The downside breakout of 25.26 would call for 24.56 and 24.14.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (25.65) but below its 50 period moving average (26).

Supports and resistances

27.89 **

27.47 *

27.06 **

26.64

25.81 last

25.53

25.26 **

24.56 *

24.14 **

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