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Ayer
Oct 26, 2021 6:43 AM

CAKEUSD - 1D - strong move expected soon Long

CAKE / US DollarBinance

Description

Hello guys,

According to the tight bollinger bands, i expect a strong move soon on cake.
Price is currently above 0.5 fib level.

Furthermore, this one as been moving inside a big consolidation triangle since a long time...

Depending on BTC (strong downside move) we could see a retrace to the lower fibonnacci levels (0.618 / 0.786). Resistance levels are shown with the red lines.


NFA

Trade active

red path ...
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