Cardano / Dollar may rise to 0.3837 - 0.3895

Our pivot point is at 0.3632.

Our preference

The upside prevails as long as 0.3632 is support.

Alternative scenario

The downside breakout of 0.3632 would call for 0.3535 and 0.3477.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.3686 and 0.3674).

Supports and resistances

0.4010 **

0.3952 *

0.3895 **

0.3837

0.3715 last

0.3670

0.3632 **

0.3535 *

0.3477 **

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