Dogecoin / Dollar may fall to 0.1475 - 0.1505

Our pivot point is at 0.1624.

Our preference

The downside prevails as long as 0.1624 is resistance.

Alternative scenario

Above 0.1624, look for 0.1674 and 0.1703.

Comment

The RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.1637 and 0.1647). Finally, the Dogecoin / Dollar has penetrated its lower Bollinger band (0.1591).

Supports and resistances

0.1703 **

0.1674 *

0.1624 **

0.1605

0.1577 last

0.1505

0.1475 **

0.1446 *

0.1417 **

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