Cardano / Dollar may rise to 0.4170 - 0.4223

Our pivot point stands at 0.3976.

Our preference

The upside prevails as long as 0.3976 is support.

Alternative scenario

The downside breakout of 0.3976 would call for 0.3888 and 0.3836.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.4023 and 0.4021).

Supports and resistances

0.4328 **

0.4275 *

0.4223 **

0.4170

0.4054 last

0.4010

0.3976 **

0.3888 *

0.3836 **

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