Cardano / Dollar may fall to 0.4239 - 0.4306

Our pivot point is at 0.4536.

Our preference

The downside prevails as long as 0.4536 is resistance.

Alternative scenario

Above 0.4536, look for 0.4650 and 0.4718.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.4482 and 0.4500).

Supports and resistances

0.4718 **

0.4650 *

0.4536 **

0.4491

0.4442 last

0.4306

0.4239 **

0.4171 *

0.4103 **

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