Cardano / Dollar may fall to 0.4337 - 0.4403

0.4651 is our pivot point.

Our preference

The downside prevails as long as 0.4651 is resistance.

Alternative scenario

The upside breakout of 0.4651, would call for 0.4764 and 0.4831.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.4580 and 0.4560). Finally, the Cardano / Dollar has penetrated its lower Bollinger band (0.4543).

Supports and resistances

0.4831 **

0.4764 *

0.4651 **

0.4607

0.4537 last

0.4403

0.4337 **

0.4270 *

0.4203 **

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