Cardano / Dollar may rise to 0.3555 - 0.3600

0.3406 is our pivot point.

Our preference

Look for a drop towards 0.3406 before a bounce.

Alternative scenario

Below 0.3406, expect 0.3331 and 0.3286.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is below its 20 period moving average (0.3469) but above its 50 period moving average (0.3456).

Supports and resistances

0.3690 **

0.3645 *

0.3600 **

0.3555

0.3465 last

0.3435

0.3406 **

0.3331 *

0.3286 **

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