Cardano / Dollar may rise to 0.3750 - 0.3792

Our pivot point stands at 0.3607.

Our preference

As long as 0.3607 is support look for 0.3792.

Alternative scenario

Below 0.3607, expect 0.3535 and 0.3493.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.3643 and 0.3580).

Supports and resistances

0.3878 **

0.3835 *

0.3792 **

0.3750

0.3665 last

0.3635

0.3607 **

0.3535 *

0.3493 **

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