Cardano / Dollar may rise to 0.4336 - 0.4390

Our pivot point is at 0.4125.

Our preference

As long as 0.4125 is support look for 0.4390.

Alternative scenario

Below 0.4125, expect 0.4034 and 0.3979.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.4223 and 0.4188).

Supports and resistances

0.4500 **

0.4445 *

0.4390 **

0.4336

0.4226 last

0.4161

0.4125 **

0.4034 *

0.3979 **

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