Ethereum Classic / Dollar may fall to 22.51 - 22.85

Our pivot point stands at 24.06.

Our preference

The downside prevails as long as 24.06 is resistance.

Alternative scenario

The upside breakout of 24.06, would call for 24.64 and 24.98.

Comment

The RSI is below 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 23.85 and 23.95).

Supports and resistances

24.98 **

24.64 *

24.06 **

23.84

23.60 last

22.85

22.51 **

22.17 *

21.83 **

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