Cryptocurrency

Dogecoin / Dollar may rise to 0.1266 - 0.1285

2024-07-16

0.1188 is our pivot point.

Our preference

As long as 0.1188 is support look for 0.1285.

Alternative scenario

Below 0.1188, expect 0.1155 and 0.1136.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (0.1230) but above its 50 period moving average (0.1189).

Supports and resistances

0.1324 **

0.1305 *

0.1285 **

0.1266

0.1227 last

0.1200

0.1188 **

0.1155 *

0.1136 **

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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