CAKE / TetherUSLong
SasanSeifi| Price to Test $2.50!
Updated
Hey there, ✌ As observed in the daily timeframe CAKEUSDT, the price has been moving back and forth within the price range of $1.50 to $2.00 for some time. Currently, after the price has once again tested the demand zone around $1.50, we have witnessed a positive reaction and increased demand, which has driven the price upwards. Additionally, the downward trendline has been broken.
Given the current market conditions and the overall analysis indicating an increasing market bias towards a bullish trend, it’s likely that we will see significant price growth in the mid-term. In this scenario, if the price can maintain the levels between $1.70 and $1.80, we will likely continue to see upward movement, with the price targeting the next supply zone between $2.10 and $2.20.
In this range, we may see a negative reaction, which could lead to a consolidation phase or minor correction. However, after a potential pullback, the bullish trend is expected to resume, with the price targeting higher levels at $2.50, and eventually reaching longer-term targets around $2.80 or even $3.00. To better understand the continuation of the trend, it will be important to see how the price reacts to the mid-term target at $2.50.
💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions!
Happy trading!✌😎
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
CAKEUSDT, the price has been moving back and forth within the price range of $1.50 to $2.00 for some time. Currently, after the price has once again tested the demand zone around $1.50, we have witnessed a positive reaction and increased demand, which has driven the price upwards. Additionally, the downward trendline has been broken.Given the current market conditions and the overall analysis indicating an increasing market bias towards a bullish trend, it’s likely that we will see significant price growth in the mid-term. In this scenario, if the price can maintain the levels between $1.70 and $1.80, we will likely continue to see upward movement, with the price targeting the next supply zone between $2.10 and $2.20.
In this range, we may see a negative reaction, which could lead to a consolidation phase or minor correction. However, after a potential pullback, the bullish trend is expected to resume, with the price targeting higher levels at $2.50, and eventually reaching longer-term targets around $2.80 or even $3.00. To better understand the continuation of the trend, it will be important to see how the price reacts to the mid-term target at $2.50.
💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions!
Happy trading!✌😎
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
Trade active
#CAKE
tp:$3 done 🔥✅73% 🥳🤑
The price followed the expected scenario, rising 15% to the target of 2.20. After a pullback, we witnessed strong demand leading to an impressive 73% growth.🚀😍
🔹The next targets for this asset are 3.50 and 4.00 dollars.
(DYOR)...⚠️
Follow Your Own Trading Plan!
😍 Join our free Telegram Channel for more analysis
💰Telegram: t.me/Forex_Crypto_Signal_Free_VIP🙌
🌎Website (Persian): FiboTech.Trade
😍 Join our free Telegram Channel for more analysis
💰Telegram: t.me/Forex_Crypto_Signal_Free_VIP🙌
🌎Website (Persian): FiboTech.Trade
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.