Cardano / Dollar may rise to 0.4082 - 0.4132

Our pivot point stands at 0.3892.

Our preference

As long as 0.3892 is support look for 0.4132.

Alternative scenario

Below 0.3892, expect 0.3808 and 0.3758.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.3972 and 0.3925).

Supports and resistances

0.4232 **

0.4182 *

0.4132 **

0.4082

0.3973 last

0.3925

0.3892 **

0.3808 *

0.3758 **

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