Cardano / Dollar may rise to 0.4692 - 0.4762

0.4454 is our pivot point.

Our preference

As long as 0.4454 is support look for 0.4762.

Alternative scenario

Below 0.4454, expect 0.4338 and 0.4268.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.4532 and 0.4498).

Supports and resistances

0.4901 **

0.4831 *

0.4762 **

0.4692

0.4547 last

0.4500

0.4454 **

0.4338 *

0.4268 **

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