Cardano / Dollar may rise to 0.3978 - 0.4020

Our pivot point stands at 0.3808.

Our preference

The upside prevails as long as 0.3808 is support.

Alternative scenario

The downside breakout of 0.3808 would call for 0.3739 and 0.3698.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.3787 and 0.3770).

Supports and resistances

0.4103 **

0.4062 *

0.4020 **

0.3978

0.3888 last

0.3836

0.3808 **

0.3739 *

0.3698 **

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