🔥 CAKE Short-Term Bullish: Roadblock Ahead
CAKE has been one of the weaker cryptos of the last year. However, CAKE has been a relatively good performing crypto over the last couple of weeks.
With CAKE seemingly bullish, it's time to start looking at a potential bullish break out of the bearish channel in which CAKE has been trading for over a year.
With the overall crypto and stock markets showing signs of bearishness, I'm not yet convinced on a bullish break out. Ideally, we get strong bullish price action in the afore mentioned markets and a strong rally in CAKE to push the price through the top resistance of the channel.
To be continued. Happy trading!
With CAKE seemingly bullish, it's time to start looking at a potential bullish break out of the bearish channel in which CAKE has been trading for over a year.
With the overall crypto and stock markets showing signs of bearishness, I'm not yet convinced on a bullish break out. Ideally, we get strong bullish price action in the afore mentioned markets and a strong rally in CAKE to push the price through the top resistance of the channel.
To be continued. Happy trading!
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
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.