Cardano / Dollar may rise to 0.3681 - 0.3723

Our pivot point is at 0.3536.

Our preference

The upside prevails as long as 0.3536 is support.

Alternative scenario

Below 0.3536, expect 0.3466 and 0.3424.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.3570 and 0.3532).

Supports and resistances

0.3806 **

0.3764 *

0.3723 **

0.3681

0.3597 last

0.3563

0.3536 **

0.3466 *

0.3424 **

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