Cardano / Dollar may rise to 0.3526 - 0.3580

Our pivot point is at 0.3334.

Our preference

The upside prevails as long as 0.3334 is support.

Alternative scenario

The downside breakout of 0.3334 would call for 0.3244 and 0.3191.

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 0.3380 and 0.3374).

Supports and resistances

0.3687 **

0.3633 *

0.3580 **

0.3526

0.3412 last

0.3369

0.3334 **

0.3244 *

0.3191 **

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