Our pivot point is at 0.4015.
Our preference: the downside prevails as long as 0.4015 is resistance.
Alternative scenario: above 0.4015, look for 0.4137 and 0.4211.
Comment: the RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.4189 and 0.4189). Finally, the Cardano / Dollar has penetrated its lower Bollinger band (0.3953).
Supports and resistances:
0.4211 **
0.4137 *
0.4015 **
0.3966
0.3918 last
0.3736
0.3663 **
0.3591 *
0.3518 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-01-2025 at 02:07 UTC+1
Price reference: 0.3918 last known on 12-01-2025 at 02:07 UTC+1
Investment horizon: INTRADAY
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