CAKE USDT on its way to the ultimate lows, see my analyse
Hello dear friends
An analysis of Cake USDT. On the chart you find all the details. If Cake stays below the black trend line it is very likely to test the ultimate low.
The price has already bounced off the trend line and is on its way to the target. Does Cake break above the black trend line with good volume and stays there then we can go to the upside at around 17 USD. That is the declining black trend line.
So place the stop for shorts above the black trend line and for longs (only if it breaks the trend line upwards) below the black trend line.
Good luck and happy trading!
Disclaimer This is my view, no advice to buy or sell. Also always do your own research!
--->> Dear friends please follow me for updates and give me support with a like 👍 if you like me to continue this work. Thanks 💚
An analysis of Cake USDT. On the chart you find all the details. If Cake stays below the black trend line it is very likely to test the ultimate low.
The price has already bounced off the trend line and is on its way to the target. Does Cake break above the black trend line with good volume and stays there then we can go to the upside at around 17 USD. That is the declining black trend line.
So place the stop for shorts above the black trend line and for longs (only if it breaks the trend line upwards) below the black trend line.
Good luck and happy trading!
Disclaimer This is my view, no advice to buy or sell. Also always do your own research!
--->> Dear friends please follow me for updates and give me support with a like 👍 if you like me to continue this work. Thanks 💚