Tezos / Dollar may fall to 0.89 - 0.90

Our pivot point stands at 0.95.

Our preference

As long as 0.95 is resistance look for 0.89.

Alternative scenario

Above 0.95, look for 0.98 and 0.99.

Comment

The RSI is below 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI would call for further upside. Moreover, the price is trading above its 20 period moving average (0.93) but under its 50 period moving average (0.93).

Supports and resistances

0.99 **

0.98 *

0.95 **

0.94

0.93 last

0.90

0.89 **

0.87 *

0.86 **

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