Cardano / Dollar may rise to 0.3734 - 0.3774

Our pivot point is at 0.3593.

Our preference

The upside prevails as long as 0.3593 is support.

Alternative scenario

Below 0.3593, expect 0.3525 and 0.3485.

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 0.3638 and 0.3633).

Supports and resistances

0.3855 **

0.3815 *

0.3774 **

0.3734

0.3650 last

0.3620

0.3593 **

0.3525 *

0.3485 **

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