Cardano / Dollar may fall to 0.3773 - 0.3824

Our pivot point is at 0.4015.

Our preference

The downside prevails as long as 0.4015 is resistance.

Alternative scenario

Above 0.4015, look for 0.4101 and 0.4152.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.4013 and 0.4019). Finally, the Cardano / Dollar is trading below its lower Bollinger band (standing at 0.3954).

Supports and resistances

0.4152 **

0.4101 *

0.4015 **

0.3981

0.3940 last

0.3824

0.3773 **

0.3723 *

0.3672 **

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