Cardano / Dollar may fall to 0.4186 - 0.4250

Our pivot point stands at 0.4486.

Our preference

The downside prevails as long as 0.4486 is resistance.

Alternative scenario

The upside breakout of 0.4486, would call for 0.4594 and 0.4659.

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 0.4423 and 0.4412). Finally, the Cardano / Dollar is trading below its lower Bollinger band (standing at 0.4386).

Supports and resistances

0.4659 **

0.4594 *

0.4486 **

0.4443

0.4379 last

0.4250

0.4186 **

0.4121 *

0.4057 **

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