Cardano / Dollar may rise to 0.3990 - 0.4039

Our pivot point stands at 0.3821.

Our preference

The upside prevails as long as 0.3821 is support.

Alternative scenario

Below 0.3821, expect 0.3739 and 0.3690.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.3853 and 0.3830). Finally, the Cardano / Dollar is trading above its upper Bollinger band (standing at 0.3887).

Supports and resistances

0.4137 **

0.4088 *

0.4039 **

0.3990

0.3888 last

0.3853

0.3821 **

0.3739 *

0.3690 **

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