Tezos / Dollar may rise to 1.00 - 1.01

Our pivot point is at 0.94.

Our preference

Look for a drop towards 0.94 before a bounce.

Alternative scenario

Below 0.94, expect 0.92 and 0.90.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI would call for further downside. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.96 and 0.96).

Supports and resistances

1.04 **

1.03 *

1.01 **

1.00

0.96 last

0.95

0.94 **

0.92 *

0.90 **

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