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Cardano / Dollar intraday: the downside prevails as long as 0.9639 is resistance

Trading Central 2025-01-13 15:54:04

The configuration is negative.

0.9639 is our pivot point.

Our preference: the downside prevails as long as 0.9639 is resistance.

Alternative scenario: the upside breakout of 0.9639, would call for 0.9934 and 1.0110.

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 0.9567 and 0.9770).

Supports and resistances:

1.0110 **

0.9934 *

0.9639 **

0.9523

0.9351 last

0.8988

0.8814 **