Cardano / Dollar may fall to 0.3346 - 0.3384

Our pivot point stands at 0.3516.

Our preference

As long as 0.3516 is resistance look for 0.3346.

Alternative scenario

The upside breakout of 0.3516, would call for 0.3580 and 0.3618.

Comment

The RSI is below 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price is trading above its 20 period moving average (0.3459) but under its 50 period moving average (0.3468).

Supports and resistances

0.3618 **

0.3580 *

0.3516 **

0.3490

0.3461 last

0.3384

0.3346 **

0.3308 *

0.3269 **

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