Cardano / Dollar may rise to 0.6108 - 0.6644

0.4314 is our pivot point.

Our preference

Our next up target stands at 0.6644.

Alternative scenario

The downside breakout of 0.4314 would call for 0.3415 and 0.2880.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.4597 and 0.4893). Finally, the Cardano / Dollar is trading above its upper Bollinger band (standing at 0.5007).

Supports and resistances

0.7718 **

0.7181 *

0.6644 **

0.6108

0.5034 last

0.4668

0.4314 **

0.3415 *

0.2880 **

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