Cardano / Dollar may fall to 0.4337 - 0.4404

Our pivot point stands at 0.4649.

Our preference

The downside prevails as long as 0.4649 is resistance.

Alternative scenario

Above 0.4649, look for 0.4762 and 0.4829.

Comment

The RSI is below 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 0.4586 and 0.4596). Finally, the Cardano / Dollar has penetrated its lower Bollinger band (0.4550).

Supports and resistances

0.4829 **

0.4762 *

0.4649 **

0.4605

0.4538 last

0.4404

0.4337 **

0.4271 *

0.4204 **

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