Ethereum Classic / Euro may fall to 21.53 - 21.83

Our pivot point is at 22.85.

Our preference

Target 21.53.

Alternative scenario

The upside breakout of 22.85, would call for 23.36 and 23.67.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (22.59) but above its 50 period moving average (22.31).

Supports and resistances

23.67 **

23.36 *

22.85 **

22.65

22.45 last

21.83

21.53 **

21.22 *

20.92 **

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