Cardano / Dollar may rise to 0.4770 - 0.4841

0.4531 is our pivot point.

Our preference

The upside prevails as long as 0.4531 is support.

Alternative scenario

Below 0.4531, expect 0.4411 and 0.4340.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.4590 and 0.4594). Finally, the Cardano / Dollar is trading above its upper Bollinger band (standing at 0.4619).

Supports and resistances

0.4984 **

0.4913 *

0.4841 **

0.4770

0.4625 last

0.4578

0.4531 **

0.4411 *

0.4340 **

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