Cryptocurrency

Dogecoin / Dollar may rise to 0.1124 - 0.1141

2024-07-11

0.1061 is our pivot point.

Our preference

As long as 0.1061 is support look for 0.1141.

Alternative scenario

The downside breakout of 0.1061 would call for 0.1032 and 0.1015.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.1085 and 0.1079).

Supports and resistances

0.1176 **

0.1158 *

0.1141 **

0.1124

0.1088 last

0.1073

0.1061 **

0.1032 *

0.1015 **

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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