Cardano / Dollar may rise to 0.3420 - 0.3463

Our pivot point is at 0.3256.

Our preference

The upside prevails as long as 0.3256 is support.

Alternative scenario

The downside breakout of 0.3256 would call for 0.3184 and 0.3141.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.3259 and 0.3142).

Supports and resistances

0.3549 **

0.3506 *

0.3463 **

0.3420

0.3334 last

0.3284

0.3256 **

0.3184 *

0.3141 **

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