Tezos / Dollar may rise to 0.71 - 0.72

Our pivot point stands at 0.69.

Our preference

As long as 0.69 is support look for 0.72.

Alternative scenario

Below 0.69, expect 0.67 and 0.67.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.70 and 0.69).

Supports and resistances

0.74 **

0.73 *

0.72 **

0.71

0.70 last

0.69

0.69 **

0.67 *

0.67 **

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