Cardano / Dollar may rise to 0.4836 - 0.4908

Our pivot point is at 0.4581.

Our preference

As long as 0.4581 is support look for 0.4908.

Alternative scenario

The downside breakout of 0.4581 would call for 0.4460 and 0.4388.

Comment

The RSI is above 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 0.4663 and 0.4622).

Supports and resistances

0.5052 **

0.4980 *

0.4908 **

0.4836

0.4676 last

0.4629

0.4581 **

0.4460 *

0.4388 **

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