Cardano / Dollar may rise to 0.4627 - 0.4696

Our pivot point is at 0.4396.

Our preference

Rebound towards 0.4696.

Alternative scenario

Below 0.4396, expect 0.4281 and 0.4213.

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 is trading above its 20 period moving average (0.4481) but under its 50 period moving average (0.4493).

Supports and resistances

0.4833 **

0.4764 *

0.4696 **

0.4627

0.4486 last

0.4441

0.4396 **

0.4281 *

0.4213 **

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