Cardano / Dollar may rise to 0.4730 - 0.4798

Our pivot point is at 0.4498.

Our preference

The upside prevails as long as 0.4498 is support.

Alternative scenario

The downside breakout of 0.4498 would call for 0.4385 and 0.4317.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.4574 and 0.4583).

Supports and resistances

0.4933 **

0.4865 *

0.4798 **

0.4730

0.4595 last

0.4542

0.4498 **

0.4385 *

0.4317 **

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