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My idea for CAKE/USDT for the weekend
CAKEUSDT
, 240
CAKEUSDT: My idea for CAKE/USDT for the weekend

I'm just a beginner chartist but I cannot ignore this double bottom pattern potentially forming. If the red dynamic resistance line is broken with some volume (and retested) then a break above the purple neckline may be in the books, followed by a break above the last support turned resistance. If then that level is retested and it holds then we are looking...

My idea for CAKE/USDT in the coming days/weeks
CAKEUSDT
, 1D
Long
CAKEUSDT: My idea for CAKE/USDT in the coming days/weeks

I can see a bullish flag on the CAKE/USDT daily chart: prallel descending channel after a long price explision. No RSI or MACD divergence (higher highs on price and the latter 2 indicators alike) -> I expect no trend reversal, I am still bullish. Strong confluence: min/max price Fibonacci 0.618-level retracement aligns with default daily Keltner Channel...

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