Ethereum Classic / Dollar may fall to 22.85 - 23.19

Our pivot point stands at 24.35.

Our preference

The downside prevails as long as 24.35 is resistance.

Alternative scenario

Above 24.35, look for 24.93 and 25.28.

Comment

The RSI is below its neutrality area at 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 24.03 and 24.19).

Supports and resistances

25.28 **

24.93 *

24.35 **

24.12

23.89 last

23.19

22.85 **

22.50 *

22.15 **

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