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CAKE possible Bearish or fall Support 3 or Good Support

Long
BINANCE:CAKEBUSD   CAKE / BUSD
182 views
3
Cake gives signs of a possible downtrend towards 15 usdt and from there start a rally towards 32

This is on the basis that the indicators are turning bearish , the bulls are not winning.

RSI , MACD , ADX , PSAR, etc ...

In 6h charts.

It is a matter of time to confirm a possible downtrend.

Or maybe we bounce playing the first support

Exchange CAKEBUSD 1d Binance
Price: 22.56| 22.52| 23.56
Vol: 10,772|1,520,193|2,070,115
ATR: 2.6405

✅OBV: 83.1 M| 83.1 M| 84.6 M
⚪️RSI: 60.40| 60.30| 64.04
⚪️MFI: 64.90| 63.04| 68.47
⚪️CCI: 24.65| 31.66| 49.49
❌WR%: -78.67| -84.56| -69.17
✅ADX: 46.50| 46.81| 47.15

✅MOM: Bullish Momentum
✅SMA: Price is Above SMA Bullish
✅ADI: +DI >DI BULLISH
❌MACD: Bearish
❌PSAR: Bearish

Support And Resistance
S: 15.59550000
S: 16.75000000
S: 18.00380000
S: 19.00000000
S: 21.10000000
S: 22.51700000
R: 23.23170000
R: 24.13040000
R: 26.14150000
R: 26.20570000

Volatility is very high

EXPERIMENTAL 🧪
⚪️RSI:No divergences
⚪️MFI:No divergence
⚪️FVE: No divergence
🐻Volume: Bearish Volume Trend

Comments

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