Cardano / Dollar may fall to 0.3396 - 0.3437

Our pivot point is at 0.3582.

Our preference

The downside prevails as long as 0.3582 is resistance.

Alternative scenario

The upside breakout of 0.3582, would call for 0.3651 and 0.3692.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.3558 and 0.3575).

Supports and resistances

0.3692 **

0.3651 *

0.3582 **

0.3555

0.3528 last

0.3437

0.3396 **

0.3355 *

0.3315 **

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