CAKE has a strong support at $16 and it could rally to $18 and $20 within the next few days. The $20 zone is a very important resistance zone, if it can break through it it can continue to rally strongly towards the $24 and $32 zones. But if it loses the $16 zone, we might consider buying back the $14 and $11 zone
📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 16$ zone 🔴Buy : 16 🔴Sell : 18 - 20 - 24 - 32
📉BLUE PLAN ♻️Condition : If 1-Day closes BELOW 16$ zone 🔵Sell : 16 🔵Buy : 14 - 11
❓Details 🚫Stoploss for Long : 10% 🚫Stoploss for Short : 5% 📈Red Arrow : Main Direction as RED PLAN 📉Blue Arrow : Back-Up Direction as BLUE PLAN 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
IMO, more realistic is blue way of course.Just open 3 D chart and see there forming pattern. Cake, as time shows, is rather weak coin, we want too much from it. Only super positive news can push it up to 18-19$ but i don't believe it will break 20$ and go higher.
stlpr12
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@andreykostenko1989, You do not believe the cake ?! So why spend so much time on this currency and comment on the currency you believe in...
andreykostenko1989
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@stlpr12, i sold it on 20$ and wrote that it will go down to 16$ and probably lower. It's MY PERSONAL opinion and if they post analytics they must be ready to receive critics. Or not? And where are all these indian and pakistani teens who was blaming me in spreading faulse opinion? Where? Where is 32-80$ november cake price, where are all these 17 years old experts from Islamabad, lol? I comment because i share my opinion - it's not restricted. I