Cardano / Dollar may rise to 0.3809 - 0.3866

Our pivot point stands at 0.3614.

Our preference

As long as 0.3614 is support look for 0.3866.

Alternative scenario

The downside breakout of 0.3614 would call for 0.3517 and 0.3460.

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 (0.3709) but above its 50 period moving average (0.3621).

Supports and resistances

0.3981 **

0.3924 *

0.3866 **

0.3809

0.3689 last

0.3651

0.3614 **

0.3517 *

0.3460 **

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