Dogecoin / Dollar may rise to 0.1222 - 0.1240

Our pivot point is at 0.1149.

Our preference

As long as 0.1149 is support look for 0.1240.

Alternative scenario

The downside breakout of 0.1149 would call for 0.1118 and 0.1099.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.1166 and 0.1140).

Supports and resistances

0.1278 **

0.1259 *

0.1240 **

0.1222

0.1174 last

0.1162

0.1149 **

0.1118 *

0.1099 **

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