Cardano / Dollar may rise to 0.4776 - 0.4844

0.4540 is our pivot point.

Our preference

As long as 0.4540 is support look for 0.4844.

Alternative scenario

The downside breakout of 0.4540 would call for 0.4425 and 0.4357.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.4622 and 0.4598).

Supports and resistances

0.4980 **

0.4912 *

0.4844 **

0.4776

0.4634 last

0.4585

0.4540 **

0.4425 *

0.4357 **

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