Cardano / Dollar may rise to 0.3886 - 0.3945

Our pivot point stands at 0.3687.

Our preference

The upside prevails as long as 0.3687 is support.

Alternative scenario

The downside breakout of 0.3687 would call for 0.3589 and 0.3530.

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 0.3726 and 0.3707).

Supports and resistances

0.4062 **

0.4003 *

0.3945 **

0.3886

0.3769 last

0.3726

0.3687 **

0.3589 *

0.3530 **

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