Cardano / Dollar may rise to 0.3750 - 0.3792

Our pivot point stands at 0.3597.

Our preference

As long as 0.3597 is support look for 0.3792.

Alternative scenario

The downside breakout of 0.3597 would call for 0.3525 and 0.3483.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (0.3673) but above its 50 period moving average (0.3613).

Supports and resistances

0.3877 **

0.3835 *

0.3792 **

0.3750

0.3663 last

0.3625

0.3597 **

0.3525 *

0.3483 **

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