Ethereum Classic / Euro may rise to 22.76 - 23.08

21.71 is our pivot point.

Our preference

The upside prevails as long as 21.71 is support.

Alternative scenario

Below 21.71, expect 21.18 and 20.86.

Comment

The RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 21.48 and 21.39). Finally, the Ethereum Classic / Euro is trading above its upper Bollinger band (standing at 22.01).

Supports and resistances

23.71 **

23.39 *

23.08 **

22.76

22.13 last

21.92

21.71 **

21.18 *

20.86 **

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