Cardano / Dollar may fall to 0.3320 - 0.3360

Our pivot point stands at 0.3497.

Our preference

The downside prevails as long as 0.3497 is resistance.

Alternative scenario

The upside breakout of 0.3497, would call for 0.3564 and 0.3604.

Comment

The RSI is below its neutrality area at 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 0.3466 and 0.3456). Finally, the Cardano / Dollar is trading below its lower Bollinger band (standing at 0.3443).

Supports and resistances

0.3604 **

0.3564 *

0.3497 **

0.3470

0.3442 last

0.3360

0.3320 **

0.3280 *

0.3240 **

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