Cardano / Dollar may rise to 0.3493 - 0.3546

0.3311 is our pivot point.

Our preference

As long as 0.3311 is support look for 0.3546.

Alternative scenario

Below 0.3311, expect 0.3222 and 0.3170.

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 trading under its 20 period moving average (0.3381) but above its 50 period moving average (0.3364).

Supports and resistances

0.3652 **

0.3599 *

0.3546 **

0.3493

0.3381 last

0.3346

0.3311 **

0.3222 *

0.3170 **

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