j-pants

Descending Triangle Breakout

Long
BINANCE:CAKEBUSD   CAKE / BUSD
Looks like Cake/BUSD is breaking out of its descending triangle as it has formed a nice ascending triangle out of the previous trend. The blue entries are where I've bought in.

Now, assuming China doesn't publish another article about banning crypto, I could easily see this hitting $15, and then retesting previous support/resistance regions.


Take what I say with a grain of salt, I'm just some bum on the internet.