Cardano / Dollar may rise to 0.4483 - 0.4537

0.4297 is our pivot point.

Our preference

As long as 0.4297 is support look for 0.4537.

Alternative scenario

Below 0.4297, expect 0.4207 and 0.4154.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (0.4392) but above its 50 period moving average (0.4313).

Supports and resistances

0.4644 **

0.4591 *

0.4537 **

0.4483

0.4374 last

0.4333

0.4297 **

0.4207 *

0.4154 **

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