Cardano / Dollar may rise to 0.4753 - 0.4824

Our pivot point stands at 0.4517.

Our preference

Look for a drop towards 0.4517 before a bounce.

Alternative scenario

Below 0.4517, expect 0.4398 and 0.4327.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.4601 and 0.4596).

Supports and resistances

0.4966 **

0.4895 *

0.4824 **

0.4753

0.4611 last

0.4564

0.4517 **

0.4398 *

0.4327 **

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