Cardano / Dollar may fall to 0.2713 - 0.3034

0.4115 is our pivot point.

Our preference

The downside prevails as long as 0.4115 is resistance.

Alternative scenario

The upside breakout of 0.4115, would call for 0.4657 and 0.4979.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.3811 and 0.4182).

Supports and resistances

0.4979 **

0.4657 *

0.4115 **

0.3903

0.3681 last

0.3034

0.2713 **

0.2392 *

0.2071 **

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