Dogecoin / Dollar may rise to 0.1704 - 0.1735

Our pivot point stands at 0.1584.

Our preference

The upside prevails as long as 0.1584 is support.

Alternative scenario

Below 0.1584, expect 0.1533 and 0.1503.

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 positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.1612 and 0.1603).

Supports and resistances

0.1796 **

0.1766 *

0.1735 **

0.1704

0.1641 last

0.1604

0.1584 **

0.1533 *

0.1503 **

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