Cardano / Dollar may rise to 0.4295 - 0.4349

Our pivot point is at 0.4103.

Our preference

As long as 0.4103 is support look for 0.4349.

Alternative scenario

The downside breakout of 0.4103 would call for 0.4012 and 0.3958.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (0.4217) but above its 50 period moving average (0.4144).

Supports and resistances

0.4457 **

0.4403 *

0.4349 **

0.4295

0.4186 last

0.4138

0.4103 **

0.4012 *

0.3958 **

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