Cardano / Dollar may fall to 0.4261 - 0.4329

Our pivot point stands at 0.4577.

Our preference

As long as 0.4577 is resistance look for 0.4261.

Alternative scenario

Above 0.4577, look for 0.4692 and 0.4761.

Comment

The RSI is above 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI would call for further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.4491 and 0.4498).

Supports and resistances

0.4761 **

0.4692 *

0.4577 **

0.4532

0.4487 last

0.4329

0.4261 **

0.4193 *

0.4125 **

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