CAKE is moving in an ascending channel.
Price is above liquidity and trading volumes show a slight deviation of interest in growth of the asset.
The 100MA has broken up the 200MA (1H TF)
TD Sequential has formed a reversal signal downwards (1H TF)
I expect that CAKE may retest the support level, and after fixing above it will continue to move in the direction of the channel.
Price is above liquidity and trading volumes show a slight deviation of interest in growth of the asset.
The 100MA has broken up the 200MA (1H TF)
TD Sequential has formed a reversal signal downwards (1H TF)
I expect that CAKE may retest the support level, and after fixing above it will continue to move in the direction of the channel.
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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.