Dogecoin / Dollar may rise to 0.1301 - 0.1321

Our pivot point is at 0.1216.

Our preference

The upside prevails as long as 0.1216 is support.

Alternative scenario

Below 0.1216, expect 0.1183 and 0.1163.

Comment

The RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.1209 and 0.1211). Finally, the Dogecoin / Dollar has crossed above its upper Bollinger band (0.1257).

Supports and resistances

0.1361 **

0.1341 *

0.1321 **

0.1301

0.1258 last

0.1229

0.1216 **

0.1183 *

0.1163 **

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