Cardano / Dollar may rise to 0.4754 - 0.4822

0.4520 is our pivot point.

Our preference

The upside prevails as long as 0.4520 is support.

Alternative scenario

The downside breakout of 0.4520 would call for 0.4406 and 0.4338.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.4587 and 0.4585).

Supports and resistances

0.4958 **

0.4890 *

0.4822 **

0.4754

0.4619 last

0.4564

0.4520 **

0.4406 *

0.4338 **

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