Ethereum Classic / Dollar may fall to 24.69 - 25.11

26.50 is our pivot point.

Our preference

The downside prevails as long as 26.50 is resistance.

Alternative scenario

The upside breakout of 26.50, would call for 27.20 and 27.62.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 26.18 and 26.06).

Supports and resistances

27.62 **

27.20 *

26.50 **

26.22

25.95 last

25.11

24.69 **

24.27 *

23.85 **

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