Cardano / Dollar may rise to 0.3573 - 0.3612

0.3423 is our pivot point.

Our preference

Rebound towards 0.3612.

Alternative scenario

The downside breakout of 0.3423 would call for 0.3359 and 0.3320.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.3511 and 0.3585).

Supports and resistances

0.3689 **

0.3650 *

0.3612 **

0.3573

0.3496 last

0.3449

0.3423 **

0.3359 *

0.3320 **

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