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Altsignals
Jan 20, 2022 1:22 PM

CAKE - Bottoming Out! ⚡️ 

CAKE / TetherUSBinance

Description

In our last analysis, we were waiting for price to reach the $10 level. We are now there and looking for bullish price action to indicate reversal. We can see that we're in a wedge pattern and looking for a break out of the wedge for confirmation.

Trade Idea:
- Risk entry = bounce off double bottom
- Safe entry = wait for wedge breakout and then enter
- stops below the lows
- Targets: 17, 26, 44

Goodluck!
Comments
ikhan9646
pls provide a updte
T-gunner
Looks like it bottomed out...and then the bottom fell out. $4.20 cake soon?
amirates
@T-gunner, haha
andreykostenko1989
"We are now there and looking for bullish price action to indicate reversal"
Continue waiting, continue making forecasts - as they didn't work, they will never work. Stability👌
ikhan9646
andreykostenko1989
@ikhan9646, i didn't expect something interesting in replies.
jimbudan
1$ our main target,big profits
ikhan9646
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