CAKEUSDT: Hidden Bullish Divergence, Will Reach 4.800 again?
Updated
Hello, Fellow Pancake Swap Trader and Investor!
Price Action Analysis
CAKEUSDT is breaking out of the symmetrical triangle pattern. Moving above the EMA90 still moves in a bullish continuation trend. The MACD Indicator made a hidden bullish divergence, signifying a possible bullish upside movement to the target area.
Other Technical Drives and Fundamental Drives
a. U.S. Dollar Bearish Bias Still Prevails!
b. Slower pace of Interest Rate Hike in the future
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/support area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the CAKEUSDT"
*Support the channel by smashing the like button and follow for more content!"
Price Action Analysis
CAKEUSDT is breaking out of the symmetrical triangle pattern. Moving above the EMA90 still moves in a bullish continuation trend. The MACD Indicator made a hidden bullish divergence, signifying a possible bullish upside movement to the target area.
Other Technical Drives and Fundamental Drives
a. U.S. Dollar Bearish Bias Still Prevails!
b. Slower pace of Interest Rate Hike in the future
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/support area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the CAKEUSDT"
*Support the channel by smashing the like button and follow for more content!"
Note
Target 1 Achieved, Never Thought It would be that fast!
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