Ethereum Classic / Dollar may fall to 23.10 - 23.45

24.62 is our pivot point.

Our preference

Target 23.10.

Alternative scenario

The upside breakout of 24.62, would call for 25.21 and 25.56.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (24.44) but above its 50 period moving average (24.14).

Supports and resistances

25.56 **

25.21 *

24.62 **

24.39

24.16 last

23.45

23.10 **

22.75 *

22.40 **

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