Cardano / Dollar may fall to 0.3408 - 0.3447

Our pivot point stands at 0.3582.

Our preference

The downside prevails as long as 0.3582 is resistance.

Alternative scenario

The upside breakout of 0.3582, would call for 0.3648 and 0.3687.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.3601 and 0.3617).

Supports and resistances

0.3687 **

0.3648 *

0.3582 **

0.3556

0.3529 last

0.3447

0.3408 **

0.3369 *

0.3330 **

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