Cardano / Dollar may rise to 0.3784 - 0.3841

Our pivot point stands at 0.3587.

Our preference

Rebound towards 0.3841.

Alternative scenario

The downside breakout of 0.3587 would call for 0.3492 and 0.3435.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.3697 and 0.3760).

Supports and resistances

0.3955 **

0.3898 *

0.3841 **

0.3784

0.3670 last

0.3625

0.3587 **

0.3492 *

0.3435 **

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