Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for CAKEUSDT
As we analyzed on October 9, we expected a falling trend to happen and at the moment, this is truly happening. Here you see R2 as the resistance line that expresses the price was unable to rise at different points. R1 used to be a support line and S1 is a our support area at the bottom of this chart. At the moment, we have the price fluctuating below R1 area and our prediction would be a rise up to R1 (as it used to do in its past behavior) and then we must wait for some falling signs. Via having these confirmation candles, we will predict a decline for the price and our short position is activated. Please keep moving with us and follow our updates.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for CAKEUSDT
As we analyzed on October 9, we expected a falling trend to happen and at the moment, this is truly happening. Here you see R2 as the resistance line that expresses the price was unable to rise at different points. R1 used to be a support line and S1 is a our support area at the bottom of this chart. At the moment, we have the price fluctuating below R1 area and our prediction would be a rise up to R1 (as it used to do in its past behavior) and then we must wait for some falling signs. Via having these confirmation candles, we will predict a decline for the price and our short position is activated. Please keep moving with us and follow our updates.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
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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.
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.