Cardano / Dollar may fall to 0.3428 - 0.3474

Our pivot point is at 0.3653.

Our preference

The downside prevails as long as 0.3653 is resistance.

Alternative scenario

Above 0.3653, look for 0.3731 and 0.3777.

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 stands below its 20 and 50 period moving average (respectively at 0.3621 and 0.3625). Finally, the Cardano / Dollar has penetrated its lower Bollinger band (0.3575).

Supports and resistances

0.3777 **

0.3731 *

0.3653 **

0.3622

0.3567 last

0.3474

0.3428 **

0.3382 *

0.3336 **

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