Ethereum Classic / Dollar may fall to 17.69 - 20.67

Our pivot point stands at 30.55.

Our preference

The downside prevails as long as 30.55 is resistance.

Alternative scenario

Above 30.55, look for 35.55 and 38.53.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 29.52 and 28.27).

Supports and resistances

38.53 **

35.55 *

30.55 **

28.59

26.62 last

20.67

17.69 **

14.72 *

11.74 **

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