We exactly tested the bullish trendline on CAKE. It could be the bottom of this correction and bounce from there.
If we close the today candle above the previous ATH, we could go test the resistance at 35 - 36$
We are now testing the 0.007 resistance. If we breakout this resistance, I think we already found the bottom of this correcting trend and could bounce from here to form a nice W sign.
If we get rejected, the next support could be at around 0.0036.
I think the bullish scenario is more likely as it already corrected 76% form the top and 0.007 seems a pretty strong...
OGN broke the previous support and the bullish trend line.
Next support could be 1.37 - 1.40$ which is also a fibonacci level.
If we break this level, I think we will go to 1$ again which is also a fibonacci level and a round number.
CAKE could be forming a compression triangle.
Today, we are testing the support and in some days, we could be testing the resistance and maybe breakout to new ATH.
The current support could be a good entry point.
Vaiot is a great project, but right now I think it is in a bearish trend.
We are testing a big resistance between 1.3 and 1.45 $ which I think is likely to break. Next stop could be 1$, we will see.
Maybe I'm wrong, thus I will wait for this candel closure at the end of the day to have a better idea.
There is not enough historial to analyse it further.
I think 500 is a strong support for BNB, psychologically and it is close to a fibonacci level.
I see a bounce from 500$ up to 680 - 700$ in the next days.
I will long BNB from 500$ with a SL at 450$.
Please tell me what you think !