This crypto has reached the lower trendline and has taken support, It has also broken out from a triangle pattern. This gives us a good point to enter.
Risk Reward Ratio - 3:1.
SL is placed below all time low and support Zone.
Target is placed near swing high.
CAKE has been following the Fibonacci Fan and has been forming a triangle too. Now, it has reached a major demand zone and is going to touch the 0.618 level on the Fibonacci on the daily chart. It might retrace back from here and go for a new higher high. Pancake Swap must be having something good upcoming.
'CAKE' USDT is making an Ascending Pattern in a 4 Hour TF.
Yellow line is the Trendline Resistance, and for Cake to go Bullish it needs to give a breakout past this line. Next Resistance zone is marked in Grey at 26
Support zone is at 16.80 - 17.80, if there is a pullback, it needs to Hold the price at this range, or else Support would be broken, and we...
