Ethereum Classic / Euro may fall to 15.30 - 17.32

Our pivot point is at 24.00.

Our preference

The downside prevails as long as 24 is resistance.

Alternative scenario

The upside breakout of 24, would call for 27.38 and 29.40.

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 23.29 and 25.42).

Supports and resistances

29.40 **

27.38 *

24.00 **

22.67

21.34 last

17.32

15.30 **

13.29 *

11.28 **

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