Cardano / Dollar may rise to 0.3835 - 0.3893

Our pivot point stands at 0.3634.

Our preference

As long as 0.3634 is support look for 0.3893.

Alternative scenario

Below 0.3634, expect 0.3537 and 0.3480.

Comment

The RSI is above 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 (0.3716) but above its 50 period moving average (0.3701).

Supports and resistances

0.4009 **

0.3951 *

0.3893 **

0.3835

0.3712 last

0.3672

0.3634 **

0.3537 *

0.3480 **

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