Cardano / Dollar may rise to 0.4354 - 0.4406

Our pivot point is at 0.4180.

Our preference

The upside prevails as long as 0.4180 is support.

Alternative scenario

The downside breakout of 0.4180 would call for 0.4093 and 0.4041.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.4224 and 0.4244).

Supports and resistances

0.4511 **

0.4459 *

0.4406 **

0.4354

0.4250 last

0.4215

0.4180 **

0.4093 *

0.4041 **

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