Cardano / Dollar may rise to 0.3429 - 0.3481

0.3242 is our pivot point.

Our preference

The upside prevails as long as 0.3242 is support.

Alternative scenario

The downside breakout of 0.3242 would call for 0.3155 and 0.3104.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.3311 and 0.3286).

Supports and resistances

0.3584 **

0.3532 *

0.3481 **

0.3429

0.3317 last

0.3276

0.3242 **

0.3155 *

0.3104 **

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