Cardano / Dollar may rise to 0.3732 - 0.3775

Our pivot point is at 0.3584.

Our preference

As long as 0.3584 is support look for 0.3775.

Alternative scenario

Below 0.3584, expect 0.3512 and 0.3469.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.3628 and 0.3566).

Supports and resistances

0.3861 **

0.3818 *

0.3775 **

0.3732

0.3646 last

0.3612

0.3584 **

0.3512 *

0.3469 **

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