0.7423 is our pivot point.
Our preference: the upside prevails as long as 0.7423 is support.
Alternative scenario: below 0.7423, expect 0.7184 and 0.7042.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.7423 and 0.7426). Finally, the Cardano / Dollar is trading above its upper Bollinger band (standing at 0.7658).
Supports and resistances:
0.8414 **
0.8271 *
0.8127 **
0.7983
0.7696 last
0.7517
0.7423 **
0.7184 *
0.7042 **
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 11-20-2024 at 02:07 UTC+1
Price reference: 0.7696 last known on 11-20-2024 at 02:07 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