Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for CAKEUSDT
Here we have R2 and R1 as the resistance areas which include the disability of the price in order to rise. And S1 at the bottom is a support area. At the moment, we have the fluctuation of price over S1 area and we predict an increase is going to happen after a little fall. So if we receive some confirmation candles to rise, an increase will happen to it toward R1. Also it is possible that the price experiences a fall in case it loses the support at S1. Note that it is suggested to activate your stop-loss point due to unstable situation of market.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for CAKEUSDT
Here we have R2 and R1 as the resistance areas which include the disability of the price in order to rise. And S1 at the bottom is a support area. At the moment, we have the fluctuation of price over S1 area and we predict an increase is going to happen after a little fall. So if we receive some confirmation candles to rise, an increase will happen to it toward R1. Also it is possible that the price experiences a fall in case it loses the support at S1. Note that it is suggested to activate your stop-loss point due to unstable situation of market.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck