Ethereum Classic / Euro may fall to 20.92 - 21.23

Our pivot point is at 22.27.

Our preference

The downside prevails as long as 22.27 is resistance.

Alternative scenario

Above 22.27, look for 22.80 and 23.11.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 21.90 and 21.97).

Supports and resistances

23.11 **

22.80 *

22.27 **

22.07

21.86 last

21.23

20.92 **

20.61 *

20.30 **

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