Cardano / Dollar may rise to 0.3634 - 0.3690

Our pivot point stands at 0.3418.

Our preference

Rebound towards 0.3690.

Alternative scenario

The downside breakout of 0.3418 would call for 0.3323 and 0.3267.

Comment

The RSI is below 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 0.3507 and 0.3581).

Supports and resistances

0.3804 **

0.3747 *

0.3690 **

0.3634

0.3502 last

0.3455

0.3418 **

0.3323 *

0.3267 **

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