Cardano / Dollar may fall to 0.4296 - 0.4364

0.4606 is our pivot point.

Our preference

The downside prevails as long as 0.4606 is resistance.

Alternative scenario

The upside breakout of 0.4606, would call for 0.4721 and 0.4790.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.4535 and 0.4575).

Supports and resistances

0.4790 **

0.4721 *

0.4606 **

0.4560

0.4515 last

0.4364

0.4296 **

0.4227 *

0.4158 **

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