Cryptocurrency

Dogecoin / Dollar may rise to 0.1537 - 0.1563

2024-06-13

Our pivot point stands at 0.1422.

Our preference

The upside prevails as long as 0.1422 is support.

Alternative scenario

The downside breakout of 0.1422 would call for 0.1380 and 0.1355.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.1424 and 0.1414).

Supports and resistances

0.1614 **

0.1588 *

0.1563 **

0.1537

0.1456 last

0.1438

0.1422 **

0.1380 *

0.1355 **

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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