Ethereum Classic / Euro may fall to 20.25 - 20.55

Our pivot point is at 21.55.

Our preference

The downside prevails as long as 21.55 is resistance.

Alternative scenario

Above 21.55, look for 22.06 and 22.36.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 21.33 and 21.60).

Supports and resistances

22.36 **

22.06 *

21.55 **

21.35

21.16 last

20.55

20.25 **

19.95 *

19.64 **

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