Tezos / Dollar may fall to 0.92 - 0.94

Our pivot point is at 1.00.

Our preference

Under pressure below 1.00.

Alternative scenario

The upside breakout of 1, would call for 1.03 and 1.04.

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 stands below its 20 and 50 period moving average (respectively at 1 and 0.98). Finally, the Tezos / Dollar is trading below its lower Bollinger band (standing at 0.98).

Supports and resistances

1.04 **

1.03 *

1.00 **

0.99

0.97 last

0.94

0.92 **

0.91 *

0.89 **

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