Dogecoin / Dollar may rise to 0.1084 - 0.1102

Our pivot point stands at 0.1020.

Our preference

The upside prevails as long as 0.1020 is support.

Alternative scenario

Below 0.1020, expect 0.0989 and 0.0971.

Comment

The RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.1012 and 0.1016).

Supports and resistances

0.1139 **

0.1120 *

0.1102 **

0.1084

0.1045 last

0.1032

0.1020 **

0.0989 *

0.0971 **

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