Cardano / Dollar may rise to 0.3634 - 0.3688

Our pivot point stands at 0.3450.

Our preference

As long as 0.3450 is support look for 0.3688.

Alternative scenario

The downside breakout of 0.3450 would call for 0.3358 and 0.3303.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (0.3537) but above its 50 period moving average (0.3478).

Supports and resistances

0.3798 **

0.3743 *

0.3688 **

0.3634

0.3522 last

0.3486

0.3450 **

0.3358 *

0.3303 **

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