Ethereum Classic / Euro may rise to 23.38 - 23.69

Our pivot point stands at 22.36.

Our preference

The upside prevails as long as 22.36 is support.

Alternative scenario

Below 22.36, expect 21.84 and 21.53.

Comment

The RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 22.47 and 22.19). Finally, the Ethereum Classic / Euro is trading above its upper Bollinger band (standing at 22.71).

Supports and resistances

24.31 **

24.00 *

23.69 **

23.38

22.77 last

22.56

22.36 **

21.84 *

21.53 **

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