Our pivot point is at 0.3521.
Our preference: the upside prevails as long as 0.3521 is support.
Alternative scenario: below 0.3521, expect 0.3438 and 0.3388.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.3528 and 0.3511). Finally, the Cardano / Dollar has crossed above its upper Bollinger band (0.3582).
Supports and resistances:
0.3841 **
0.3792 *
0.3742 **
0.3692
0.3588 last
0.3553
0.3521 **
0.3438 *
0.3388 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 09-20-2024 at 06:08 UTC+1
Price reference: 0.3588 last known on 09-20-2024 at 06:08 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf