CAKEBUSD (CAKE) - POSSIBLE PRICE ACTIONS
ANALYSIS 🔎
- CAKEBUSD is consolidating in a symmetrical triangle pattern .
- A relatively big move is imminent.
POSSIBLE PRICE ACTIONS
- Uptrend ⬆️: breakout above the symmetrical triangle's inclined resistance and the horizontal resistance level (R1).
- Downtrend ⬇️: breakdown below the symmetrical triangle's inclined support and the horizontal support level (S1).
TARGETS 🎯
- Uptrend ⬆️: Horizontal resistance levels (R2, R3, R4).
- Downtrend ⬇️: Horizontal support level (S2).
- CAKEBUSD is consolidating in a symmetrical triangle pattern .
- A relatively big move is imminent.
POSSIBLE PRICE ACTIONS
- Uptrend ⬆️: breakout above the symmetrical triangle's inclined resistance and the horizontal resistance level (R1).
- Downtrend ⬇️: breakdown below the symmetrical triangle's inclined support and the horizontal support level (S1).
TARGETS 🎯
- Uptrend ⬆️: Horizontal resistance levels (R2, R3, R4).
- Downtrend ⬇️: Horizontal support level (S2).
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.