Cardano / Dollar may fall to 0.4365 - 0.4435

Our pivot point stands at 0.4677.

Our preference

Under pressure below 0.4677.

Alternative scenario

Above 0.4677, look for 0.4794 and 0.4864.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.4597 and 0.4582).

Supports and resistances

0.4864 **

0.4794 *

0.4677 **

0.4631

0.4578 last

0.4435

0.4365 **

0.4295 *

0.4226 **

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