TradingView
Helical_Trades
Nov 8, 2021 8:43 AM

CAKE/USDT : Break above the trendline, important CME gap on BTC! Long

CAKE / TetherUSBinance

Description

â‹…
BINANCE:CAKEUSDT | CME:BTCX2021
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !

#CAKE has broke above the bearish trendline and the lower support zone has showed a stiff support.
MACD is gaining bullish momentum on histogram and it looks like that we'll face a bullish continuation after a retest on broken level !
The higher resistances will be :
- $21.06
- $22.85
- $25.88
- $31.50
- $38.30

The lower support zone can be used as 2nd entry if we saw any developing candle on it and the SL can be placed below it...
🔴 Based on higher data, The invalidation of the bullish bias will be a hold confirmation below the zone !

📌 Huge gap formed at ~61000$

FYI: ±90% of CME gaps are filled sooner or later.
Keep this in mind.
We hope it won't be filled 🙂

Hope you enjoyed the content I created, You can support us with your likes and comments !
Attention: this isn't financial advice we are just trying to help people on their own vision.

Have a good day!
@Helical_Trades
Comments
aminhashemisohi
â‹…
Salam
Aqa man rannade snap hastam bekharam alan ro 20$ khobe?
confidentLlama22214
â‹…
@aminhashemisohi, che rabti b snap dare. Hold kon Halesh ro bebar
kimstandgraph
â‹…
One not sure about
chebegamkhoda
â‹…
The best analysis
put your analysis on my page
Helical_Trades
â‹…
@chebegamkhoda, Thanks my dear !
Great to know that :D
VasilyTrader
â‹…
What portion of the account do you recommend to risk here?
UnitedSignals
â‹…
Good market breakdown!
TopTradingSignals
â‹…
Waiting for breakout!
KlejdiCuni
â‹…
Keep up the good work!
VincePrince
â‹…
Great idea, thanks for sharing.
More