Dogecoin / Dollar may rise to 0.1310 - 0.1330

Our pivot point stands at 0.1242.

Our preference

The upside prevails as long as 0.1242 is support.

Alternative scenario

The downside breakout of 0.1242 would call for 0.1209 and 0.1189.

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 above its 20 and 50 period moving average (respectively at 0.1233 and 0.1229). Finally, the Dogecoin / Dollar has crossed above its upper Bollinger band (0.1264).

Supports and resistances

0.1370 **

0.1350 *

0.1330 **

0.1310

0.1270 last

0.1256

0.1242 **

0.1209 *

0.1189 **

Number of asterisks represents the strength of support and resistance levels.