Cardano / Dollar may fall to 0.3630 - 0.3689

0.3898 is our pivot point.

Our preference

The downside prevails as long as 0.3898 is resistance.

Alternative scenario

Above 0.3898, look for 0.3998 and 0.4057.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.3859 and 0.3851). Finally, the Cardano / Dollar has penetrated its lower Bollinger band (0.3817).

Supports and resistances

0.4057 **

0.3998 *

0.3898 **

0.3859

0.3808 last

0.3689

0.3630 **

0.3571 *

0.3512 **

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