Cryptocurrency

Dogecoin / Dollar may fall to 0.1167 - 0.1186

2024-06-27

Our pivot point is at 0.1267.

Our preference

The downside prevails as long as 0.1267 is resistance.

Alternative scenario

Above 0.1267, look for 0.1300 and 0.1320.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.1249 and 0.1236).

Supports and resistances

0.1320 **

0.1300 *

0.1267 **

0.1254

0.1235 last

0.1186

0.1167 **

0.1147 *

0.1128 **

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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