Cardano / Dollar may fall to 0.3729 - 0.3771

Our pivot point is at 0.3917.

Our preference

The downside prevails as long as 0.3917 is resistance.

Alternative scenario

Above 0.3917, look for 0.3986 and 0.4027.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.3867 and 0.3869).

Supports and resistances

0.4027 **

0.3986 *

0.3917 **

0.3889

0.3860 last

0.3771

0.3729 **

0.3688 *

0.3647 **

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