Cardano / Dollar may rise to 0.4814 - 0.4885

0.4563 is our pivot point.

Our preference

As long as 0.4563 is support look for 0.4885.

Alternative scenario

Below 0.4563, expect 0.4444 and 0.4372.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (0.4685) but above its 50 period moving average (0.4641).

Supports and resistances

0.5027 **

0.4956 *

0.4885 **

0.4814

0.4671 last

0.4610

0.4563 **

0.4444 *

0.4372 **

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