Cardano / Dollar may rise to 0.3992 - 0.4029

Our pivot point is at 0.3855.

Our preference

As long as 0.3855 is support look for 0.4029.

Alternative scenario

Below 0.3855, expect 0.3793 and 0.3756.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.3897 and 0.3851).

Supports and resistances

0.4104 **

0.4066 *

0.4029 **

0.3992

0.3914 last

0.3880

0.3855 **

0.3793 *

0.3756 **

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