CAKEUSDT making a bullish breakout
* Cake in Daily time frame appears with Descending triangle, with it's resistance as above trendline and the support zone around $17.
* Descending triangle is considered to be either trend continuation or trend reversal pattern depend on the breakout.
* If CAKEUSDT breaks it's above resistance, we can expect bullish momentum.
* Price is bearish below support.
* Descending triangle is considered to be either trend continuation or trend reversal pattern depend on the breakout.
* If CAKEUSDT breaks it's above resistance, we can expect bullish momentum.
* Price is bearish below support.
Comment:
Breakout of resistance