Cardano / Dollar may rise to 0.3504 - 0.3548

0.3347 is our pivot point.

Our preference

The upside prevails as long as 0.3347 is support.

Alternative scenario

Below 0.3347, expect 0.3273 and 0.3229.

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 0.3382 and 0.3351).

Supports and resistances

0.3637 **

0.3593 *

0.3548 **

0.3504

0.3409 last

0.3376

0.3347 **

0.3273 *

0.3229 **

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