Dogecoin / Dollar may fall to 0.1375 - 0.1403

Our pivot point stands at 0.1523.

Our preference

The downside prevails as long as 0.1523 is resistance.

Alternative scenario

Above 0.1523, look for 0.1569 and 0.1597.

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 negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.1591 and 0.1610). Finally, the Dogecoin / Dollar has penetrated its lower Bollinger band (0.1509).

Supports and resistances

0.1597 **

0.1569 *

0.1523 **

0.1504

0.1484 last

0.1403

0.1375 **

0.1348 *

0.1321 **

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