Cryptocurrency

Dogecoin / Dollar may rise to 0.1028 - 0.1043

2024-07-05

Our pivot point is at 0.0965.

Our preference

Rebound towards 0.1043.

Alternative scenario

The downside breakout of 0.0965 would call for 0.0941 and 0.0926.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.1017 and 0.1098).

Supports and resistances

0.1073 **

0.1058 *

0.1043 **

0.1028

0.0995 last

0.0975

0.0965 **

0.0941 *

0.0926 **

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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