Cardano / Dollar may rise to 0.4267 - 0.4319

Our pivot point stands at 0.4076.

Our preference

The upside prevails as long as 0.4076 is support.

Alternative scenario

The downside breakout of 0.4076 would call for 0.3988 and 0.3936.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.4082 and 0.4019).

Supports and resistances

0.4424 **

0.4371 *

0.4319 **

0.4267

0.4145 last

0.4111

0.4076 **

0.3988 *

0.3936 **

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