Cryptocurrency

Dogecoin / Dollar may fall to 0.0965 - 0.0981

2024-08-12

0.1040 is our pivot point.

Our preference

The downside prevails as long as 0.1040 is resistance.

Alternative scenario

The upside breakout of 0.1040, would call for 0.1067 and 0.1084.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.1048 and 0.1052).

Supports and resistances

0.1084 **

0.1067 *

0.1040 **

0.1030

0.1013 last

0.0981

0.0965 **

0.0949 *

0.0933 **

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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