Cardano / Dollar may rise to 0.3575 - 0.3615

Our pivot point is at 0.3432.

Our preference

The upside prevails as long as 0.3432 is support.

Alternative scenario

The downside breakout of 0.3432 would call for 0.3364 and 0.3323.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.3440 and 0.3466). Finally, the Cardano / Dollar has crossed above its upper Bollinger band (0.3485).

Supports and resistances

0.3696 **

0.3656 *

0.3615 **

0.3575

0.3485 last

0.3459

0.3432 **

0.3364 *

0.3323 **

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