Cardano / Dollar may fall to 0.3692 - 0.3742

Our pivot point is at 0.3923.

Our preference

Under pressure below 0.3923.

Alternative scenario

The upside breakout of 0.3923, would call for 0.4006 and 0.4056.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.3851 and 0.3847).

Supports and resistances

0.4056 **

0.4006 *

0.3923 **

0.3890

0.3842 last

0.3742

0.3692 **

0.3643 *

0.3593 **

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