Dogecoin / Dollar may fall to 0.1068 - 0.1085

Our pivot point stands at 0.1146.

Our preference

The downside prevails as long as 0.1146 is resistance.

Alternative scenario

Above 0.1146, look for 0.1175 and 0.1191.

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 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 0.1166 and 0.1203). Finally, the Dogecoin / Dollar has penetrated its lower Bollinger band (0.1118).

Supports and resistances

0.1191 **

0.1175 *

0.1146 **

0.1135

0.1118 last

0.1085

0.1068 **

0.1051 *

0.1034 **

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