Our pivot point is at 0.9591.
Our preference: the upside prevails as long as 0.9591 is support.
Alternative scenario: below 0.9591, expect 0.9282 and 0.9098.
Comment: the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.9566 and 0.8996). Finally, the Cardano / Dollar is trading above its upper Bollinger band (standing at 0.9887).
Supports and resistances:
1.0903 **
1.0717 *
1.0531 **
1.0344
0.9924 last
0.9712
0.9591 **
0.9282 *
0.9098 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-21-2024 at 08:53 UTC+1
Price reference: 0.9924 last known on 12-21-2024 at 08:53 UTC+1
Investment horizon: INTRADAY
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