Cardano / Dollar may rise to 0.3985 - 0.4027

Our pivot point stands at 0.3836.

Our preference

The upside prevails as long as 0.3836 is support.

Alternative scenario

Below 0.3836, expect 0.3766 and 0.3725.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.3863 and 0.3877). Finally, the Cardano / Dollar is trading above its upper Bollinger band (standing at 0.3897).

Supports and resistances

0.4110 **

0.4068 *

0.4027 **

0.3985

0.3898 last

0.3864

0.3836 **

0.3766 *

0.3725 **

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