Hi, crypto traders.
CAKE is in a sideways market now.
After the candle breaking 20h (red) line to the upper side, the price continued to go up. But it bounced from 240h (green) line and is slightly going down.
Because MA lines and the candle are very close, it's difficult to predict the next move. The trend can change easily in this market.
We should wait and see the next trading timing today.
==TODAY’s Check Points==
- The candle changes positively and breaks 240h (green) line clearly?
- The candle continues to go down and reaches 14.90USD?
==TODAY’s Target Price==
CAKE goes up:
1st target: Cross-point with 240h line
2nd target: 21.53USD (the last highest price)
3rd target: 22.50USD (the highest price in 20th/May)
CAKE goes down:
1st target: 14.90USD (the last lowest price)
2nd target: 13.81USD (the lowest price in 30th/May)
3rd target: 9.32USD (the lowest price in 16th/Mar)
Enjoy your trading.
CAKE is in a sideways market now.
After the candle breaking 20h (red) line to the upper side, the price continued to go up. But it bounced from 240h (green) line and is slightly going down.
Because MA lines and the candle are very close, it's difficult to predict the next move. The trend can change easily in this market.
We should wait and see the next trading timing today.
==TODAY’s Check Points==
- The candle changes positively and breaks 240h (green) line clearly?
- The candle continues to go down and reaches 14.90USD?
==TODAY’s Target Price==
CAKE goes up:
1st target: Cross-point with 240h line
2nd target: 21.53USD (the last highest price)
3rd target: 22.50USD (the highest price in 20th/May)
CAKE goes down:
1st target: 14.90USD (the last lowest price)
2nd target: 13.81USD (the lowest price in 30th/May)
3rd target: 9.32USD (the lowest price in 16th/Mar)
Enjoy your trading.
