Ethereum Classic / Euro may fall to 16.61 - 19.32

Our pivot point stands at 28.31.

Our preference

The downside prevails as long as 28.31 is resistance.

Alternative scenario

The upside breakout of 28.31, would call for 32.86 and 35.57.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 27.23 and 26.15).

Supports and resistances

35.57 **

32.86 *

28.31 **

26.52

24.74 last

19.32

16.61 **

13.91 *

11.20 **

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