Cardano / Dollar may rise to 0.3557 - 0.3596

Our pivot point stands at 0.3419.

Our preference

Our next up target stands at 0.3596.

Alternative scenario

Below 0.3419, expect 0.3354 and 0.3316.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.3438 and 0.3471). Finally, the Cardano / Dollar is trading above its upper Bollinger band (standing at 0.3473).

Supports and resistances

0.3673 **

0.3634 *

0.3596 **

0.3557

0.3480 last

0.3444

0.3419 **

0.3354 *

0.3316 **

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