Cardano / Dollar may rise to 0.4242 - 0.4525

0.3207 is our pivot point.

Our preference

The upside prevails as long as 0.3207 is support.

Alternative scenario

The downside breakout of 0.3207 would call for 0.2747 and 0.2473.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.3518 and 0.3531).

Supports and resistances

0.5089 **

0.4807 *

0.4525 **

0.4242

0.3602 last

0.3387

0.3207 **

0.2747 *

0.2473 **

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