Cardano / Dollar may rise to 0.4777 - 0.4845

Our pivot point stands at 0.4539.

Our preference

The upside prevails as long as 0.4539 is support.

Alternative scenario

The downside breakout of 0.4539 would call for 0.4424 and 0.4356.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.4624 and 0.4593).

Supports and resistances

0.4982 **

0.4913 *

0.4845 **

0.4777

0.4630 last

0.4583

0.4539 **

0.4424 *

0.4356 **

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