Cardano / Dollar may rise to 0.4561 - 0.4626

Our pivot point is at 0.4345.

Our preference

As long as 0.4345 is support look for 0.4626.

Alternative scenario

The downside breakout of 0.4345 would call for 0.4236 and 0.4170.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (0.4433) but above its 50 period moving average (0.4402).

Supports and resistances

0.4757 **

0.4691 *

0.4626 **

0.4561

0.4431 last

0.4388

0.4345 **

0.4236 *

0.4170 **

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