Cardano / Dollar may rise to 0.3404 - 0.3447

Our pivot point stands at 0.3262.

Our preference

As long as 0.3262 is support look for 0.3447.

Alternative scenario

The downside breakout of 0.3262 would call for 0.3189 and 0.3146.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.3297 and 0.3262).

Supports and resistances

0.3533 **

0.3490 *

0.3447 **

0.3404

0.3318 last

0.3290

0.3262 **

0.3189 *

0.3146 **

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