Cardano / Dollar may fall to 0.3479 - 0.3521

0.3671 is our pivot point.

Our preference

As long as 0.3671 is resistance look for 0.3479.

Alternative scenario

Above 0.3671, look for 0.3741 and 0.3783.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI would call for further downside. Moreover, the price stands above its 20 period moving average (0.3599) but below its 50 period moving average (0.3612).

Supports and resistances

0.3783 **

0.3741 *

0.3671 **

0.3643

0.3612 last

0.3521

0.3479 **

0.3437 *

0.3395 **

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