Dogecoin and BNB are on Frenzy Bull (Analysis 8/7)
Aug 7, 2021
Dogecoin is up 12% today. Price bounced off of $0.22 support back to $0.20 resistance and above the 200-day moving average (SMA 200), which are positive signs. However, price needs to break above $0.25 to make a Higher High and begin to reverse a downtrend. Price has been respecting the 200-day MA as a dynamic support level.
DOGEUSDT
BUY START: 0.226390
STOP LOSS: 0.215355
TAKE PROFIT: 0.252475
DURATION: 24 hours
BNBUSDT
BUY START: 354.480
STOP LOSS: 341.442
TAKE PROFIT: 372.00
DURATION: 24 hours
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