Cryptocurrency

Dogecoin / Dollar may rise to 0.1052 - 0.1070

2024-08-29

0.0970 is our pivot point.

Our preference

Rebound towards 0.1070.

Alternative scenario

Below 0.0970, expect 0.0941 and 0.0924.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (0.0997) but below its 50 period moving average (0.1026).

Supports and resistances

0.1105 **

0.1088 *

0.1070 **

0.1052

0.0998 last

0.0981

0.0970 **

0.0941 *

0.0924 **

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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