Cardano / Dollar may rise to 0.3558 - 0.3612

Our pivot point stands at 0.3372.

Our preference

As long as 0.3372 is support look for 0.3612.

Alternative scenario

The downside breakout of 0.3372 would call for 0.3282 and 0.3228.

Comment

The RSI is above 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 0.3443 and 0.3437).

Supports and resistances

0.3719 **

0.3665 *

0.3612 **

0.3558

0.3451 last

0.3407

0.3372 **

0.3282 *

0.3228 **

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