Cardano / Dollar may fall to 0.4377 - 0.4444

Our pivot point is at 0.4685.

Our preference

The downside prevails as long as 0.4685 is resistance.

Alternative scenario

Above 0.4685, look for 0.4799 and 0.4866.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.4609 and 0.4612). Finally, the Cardano / Dollar has penetrated its lower Bollinger band (0.4580).

Supports and resistances

0.4866 **

0.4799 *

0.4685 **

0.4641

0.4579 last

0.4444

0.4377 **

0.4309 *

0.4242 **

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