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InkyGrip

CAKEUSDT is testing the weekly support.

Long
CAKE / TetherUS (BINANCE:CAKEUSDT)  
InkyGrip Updated   
BINANCE:CAKEUSDT   CAKE / TetherUS
Trend Analysis Harmonic Patterns Chart Patterns
44
31
trendanalysis harmonicpatterns chartpattern
CAKEUSDT is testing the weekly support. If the price is going to have a breakout from the daily resistance and turn into new support, According to Plancton's strategy(check our Academy), we can set a nice order
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Follow the Shrimp 🦐

Keep in mind.
  • 🟣 Purple structure -> Monthly structure.
  • 🔴 Red structure -> Weekly structure.
  • 🔵 Blue structure -> Daily structure.
  • 🟡 Yellow structure -> 4h structure.
  • ⚫️ Black structure -> <4h structure.
Comment:
The price is creating a falling wedge on the weekly support
snapshot
Comment:
Breakout from the falling wedge as expected!
snapshot
Comment:
Accumulation before the breakout from the daily resistance
snapshot
Comment:
The price is testing the daily resistance
snapshot
Comment:
Finally Breakout!
snapshot
Comment:
Breakout as expected and now the price is testing the daily support
snapshot
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