Cardano / Dollar may rise to 0.4027 - 0.4088

0.3814 is our pivot point.

Our preference

As long as 0.3814 is support look for 0.4088.

Alternative scenario

The downside breakout of 0.3814 would call for 0.3712 and 0.3652.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (0.3908) but above its 50 period moving average (0.3860).

Supports and resistances

0.4209 **

0.4149 *

0.4088 **

0.4027

0.3894 last

0.3854

0.3814 **

0.3712 *

0.3652 **

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