CAKE has been one of the weaker cryptos of the last year. However, CAKE has been a relatively good performing crypto over the last couple of weeks.
With CAKE seemingly bullish, it's time to start looking at a potential bullish break out of the bearish channel in which CAKE has been trading for over a year.
With the overall crypto and stock markets showing signs of bearishness, I'm not yet convinced on a bullish break out. Ideally, we get strong bullish price action in the afore mentioned markets and a strong rally in CAKE to push the price through the top resistance of the channel.
To be continued. Happy trading!
With CAKE seemingly bullish, it's time to start looking at a potential bullish break out of the bearish channel in which CAKE has been trading for over a year.
With the overall crypto and stock markets showing signs of bearishness, I'm not yet convinced on a bullish break out. Ideally, we get strong bullish price action in the afore mentioned markets and a strong rally in CAKE to push the price through the top resistance of the channel.
To be continued. Happy trading!
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.