Cardano / Dollar may fall to 0.3279 - 0.3323

0.3473 is our pivot point.

Our preference

The downside prevails as long as 0.3473 is resistance.

Alternative scenario

The upside breakout of 0.3473, would call for 0.3547 and 0.3591.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.3458 and 0.3447).

Supports and resistances

0.3591 **

0.3547 *

0.3473 **

0.3444

0.3414 last

0.3323

0.3279 **

0.3235 *

0.3191 **

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