Cardano / Dollar may rise to 0.3508 - 0.3561

Our pivot point is at 0.3329.

Our preference

As long as 0.3329 is support look for 0.3561.

Alternative scenario

Below 0.3329, expect 0.3240 and 0.3187.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.3401 and 0.3382).

Supports and resistances

0.3668 **

0.3615 *

0.3561 **

0.3508

0.3402 last

0.3364

0.3329 **

0.3240 *

0.3187 **

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