Tezos / Dollar may rise to 0.67 - 0.68

0.64 is our pivot point.

Our preference

Rebound.

Alternative scenario

The downside breakout of 0.64 would call for 0.63 and 0.62.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (0.65) but below its 50 period moving average (0.66). Finally, the Tezos / Dollar is trading above its upper Bollinger band (standing at 0.65).

Supports and resistances

0.70 **

0.69 *

0.68 **

0.67

0.65 last

0.65

0.64 **

0.63 *

0.62 **

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