Cryptocurrency

Tezos / Dollar may fall to 0.74 - 0.75

2024-06-23

Our pivot point stands at 0.78.

Our preference

The downside prevails as long as 0.78 is resistance.

Alternative scenario

The upside breakout of 0.78, would call for 0.80 and 0.81.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.77 and 0.78).

Supports and resistances

0.81 **

0.80 *

0.78 **

0.78

0.77 last

0.75

0.74 **

0.73 *

0.72 **

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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