Cardano / Dollar may rise to 0.4729 - 0.4797

Our pivot point is at 0.4500.

Our preference

As long as 0.4500 is support look for 0.4797.

Alternative scenario

Below 0.4500, expect 0.4386 and 0.4319.

Comment

The RSI is above its neutrality area at 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 0.4592 and 0.4553).

Supports and resistances

0.4932 **

0.4864 *

0.4797 **

0.4729

0.4594 last

0.4544

0.4500 **

0.4386 *

0.4319 **

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