Cardano / Dollar may fall to 0.3675 - 0.3716

Our pivot point stands at 0.3851.

Our preference

The downside prevails as long as 0.3851 is resistance.

Alternative scenario

The upside breakout of 0.3851, would call for 0.3920 and 0.3960.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.3842 and 0.3862).

Supports and resistances

0.3960 **

0.3920 *

0.3851 **

0.3825

0.3797 last

0.3716

0.3675 **

0.3634 *

0.3594 **

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