CAKE/USD - Correction continues, for now. 😅
CAKE did we, very well early this year. However since May CAKE is correcting and I don't see this changing anytime soon or not until we penetrate the resistance. :)
For now this chart is bearish and I don't exclude a re-test of support before any sustained gains can be achieved. For that we also need the overall market to heat up. That will help CAKE.
The indicators also show mixed signals right now, so best to stay away from this right now.
Like and follow if you liked this idea!
For now this chart is bearish and I don't exclude a re-test of support before any sustained gains can be achieved. For that we also need the overall market to heat up. That will help CAKE.
The indicators also show mixed signals right now, so best to stay away from this right now.
Like and follow if you liked this idea!
📣 Find more Alpha by joining Your Crypto Community 🔰 LINKs BELOW 🔰
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.