Cardano / Dollar may fall to 0.3747 - 0.3783

0.3941 is our pivot point.

Our preference

As long as 0.3941 is resistance look for 0.3747.

Alternative scenario

Above 0.3941, look for 0.4003 and 0.4040.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI would call for further downside. Moreover, the price is trading above its 20 period moving average (0.3883) but under its 50 period moving average (0.3903).

Supports and resistances

0.4040 **

0.4003 *

0.3941 **

0.3917

0.3892 last

0.3783

0.3747 **

0.3710 *

0.3673 **

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