Cardano / Dollar may rise to 0.3454 - 0.3507

0.3268 is our pivot point.

Our preference

As long as 0.3268 is support look for 0.3507.

Alternative scenario

The downside breakout of 0.3268 would call for 0.3181 and 0.3128.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.3344 and 0.3319).

Supports and resistances

0.3611 **

0.3559 *

0.3507 **

0.3454

0.3350 last

0.3303

0.3268 **

0.3181 *

0.3128 **

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