Tezos / Dollar may rise to 0.71 - 0.72

Our pivot point stands at 0.68.

Our preference

As long as 0.68 is support look for 0.72.

Alternative scenario

Below 0.68, expect 0.67 and 0.66.

Comment

The RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.69 and 0.68).

Supports and resistances

0.73 **

0.72 *

0.72 **

0.71

0.69 last

0.69

0.68 **

0.67 *

0.66 **

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