Cardano / Dollar may rise to 0.4628 - 0.4697

Our pivot point stands at 0.4391.

Our preference

The upside prevails as long as 0.4391 is support.

Alternative scenario

The downside breakout of 0.4391 would call for 0.4277 and 0.4208.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.4471 and 0.4489).

Supports and resistances

0.4834 **

0.4765 *

0.4697 **

0.4628

0.4491 last

0.4437

0.4391 **

0.4277 *

0.4208 **

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