Our pivot point stands at 0.8204.
Our preference: the downside prevails as long as 0.8204 is resistance.
Alternative scenario: above 0.8204, look for 0.8419 and 0.8546.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.8177 and 0.8107). Finally, the Cardano / Dollar is trading below its lower Bollinger band (standing at 0.8059).
Supports and resistances:
0.8546 **
0.8419 *
0.8204 **
0.8120
0.8035 last
0.7760
0.7633 **
0.7506 *
0.7378 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-02-2025 at 15:03 UTC+1
Price reference: 0.8035 last known on 09-02-2025 at 15:03 UTC+1
Investment horizon: INTRADAY
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