Dogecoin / Dollar may rise to 0.1287 - 0.1304

Our pivot point stands at 0.1176.

Our preference

The upside prevails as long as 0.1176 is support.

Alternative scenario

The downside breakout of 0.1176 would call for 0.1149 and 0.1132.

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 0.1164 and 0.1157). Finally, the Dogecoin / Dollar has crossed above its upper Bollinger band (0.1217).

Supports and resistances

0.1339 **

0.1322 *

0.1304 **

0.1287

0.1241 last

0.1187

0.1176 **

0.1149 *

0.1132 **

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