Tezos may fall to 1.04 - 1.05
Our pivot point stands at 1.10.
Our preference
The downside prevails as long as 1.10 is resistance.
Alternative scenario
Above 1.10, look for 1.13 and 1.14.
Comment
The RSI is below 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 1.09 and 1.10).
Supports and resistances
1.14 **
1.13 *
1.10 **
1.09
1.08 last
1.05
1.04 **
1.02 *
1.01 **
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