Cardano / Dollar may rise to 0.4703 - 0.4772

Our pivot point is at 0.4457.

Our preference

The upside prevails as long as 0.4457 is support.

Alternative scenario

The downside breakout of 0.4457 would call for 0.4341 and 0.4271.

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 0.4505 and 0.4490).

Supports and resistances

0.4912 **

0.4842 *

0.4772 **

0.4703

0.4563 last

0.4503

0.4457 **

0.4341 *

0.4271 **

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