Ethereum Classic / Dollar may fall to 16.79 - 19.21

Our pivot point is at 27.26.

Our preference

The downside prevails as long as 27.26 is resistance.

Alternative scenario

Above 27.26, look for 31.33 and 33.75.

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 27.20 and 27.94).

Supports and resistances

33.75 **

31.33 *

27.26 **

25.66

24.06 last

19.21

16.79 **

14.37 *

11.95 **

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