Cardano / Dollar may rise to 0.4525 - 0.4583

Our pivot point is at 0.4331.

Our preference

As long as 0.4331 is support look for 0.4583.

Alternative scenario

The downside breakout of 0.4331 would call for 0.4235 and 0.4178.

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 0.4383 and 0.4324).

Supports and resistances

0.4697 **

0.4640 *

0.4583 **

0.4525

0.4407 last

0.4369

0.4331 **

0.4235 *

0.4178 **

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