Ethereum Classic / Dollar may fall to 22.84 - 23.19

24.34 is our pivot point.

Our preference

Target 22.84.

Alternative scenario

Above 24.34, look for 24.92 and 25.27.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (23.95) but above its 50 period moving average (23.83).

Supports and resistances

25.27 **

24.92 *

24.34 **

24.11

23.88 last

23.19

22.84 **

22.49 *

22.15 **

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