Cardano / Dollar may rise to 0.3943 - 0.3985

Our pivot point stands at 0.3801.

Our preference

Rebound.

Alternative scenario

Below 0.3801, expect 0.3732 and 0.3690.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.3861 and 0.3879).

Supports and resistances

0.4067 **

0.4026 *

0.3985 **

0.3943

0.3861 last

0.3828

0.3801 **

0.3732 *

0.3690 **

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