Cardano / Dollar may rise to 0.4772 - 0.4843

Our pivot point stands at 0.4535.

Our preference

The upside prevails as long as 0.4535 is support.

Alternative scenario

Below 0.4535, expect 0.4416 and 0.4346.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.4584 and 0.4575). Finally, the Cardano / Dollar has crossed above its upper Bollinger band (0.4624).

Supports and resistances

0.4984 **

0.4914 *

0.4843 **

0.4772

0.4631 last

0.4582

0.4535 **

0.4416 *

0.4346 **

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