Cardano / Dollar may rise to 0.4172 - 0.4212

Our pivot point stands at 0.4031.

Our preference

As long as 0.4031 is support look for 0.4212.

Alternative scenario

The downside breakout of 0.4031 would call for 0.3965 and 0.3926.

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 0.4065 and 0.4038).

Supports and resistances

0.4291 **

0.4251 *

0.4212 **

0.4172

0.4093 last

0.4057

0.4031 **

0.3965 *

0.3926 **

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