CAKE/USDT 4H Technical Outlook 🚀
🎯 Price Action:
Current Price: $3.36
Support Zone: $3.13 - $3.31 (Fibo 0.618 - 0.705)
This area is acting as a strong demand zone.
Resistance Levels: $3.55 (Fibo 0.5) and $4.58 (Key resistance level).
📈 Expected Scenario:
If the support zone holds, the price may first test $3.55.
A breakout above this level could lead to $4.58.
Breaking $4.58 opens the door for targets at $5.14 - $5.86.
⚠️ Key Levels to Watch:
If the support fails, the next zones to watch are $2.95 and $2.52.
RSI is showing signs of recovery, but increased volume is needed to confirm momentum.
📊 Summary: CAKE is gathering strength at key support and could trigger an upward move.
#CAKE #Crypto #Altcoin #TechnicalAnalysis 🚀
🎯 Price Action:
Current Price: $3.36
Support Zone: $3.13 - $3.31 (Fibo 0.618 - 0.705)
This area is acting as a strong demand zone.
Resistance Levels: $3.55 (Fibo 0.5) and $4.58 (Key resistance level).
📈 Expected Scenario:
If the support zone holds, the price may first test $3.55.
A breakout above this level could lead to $4.58.
Breaking $4.58 opens the door for targets at $5.14 - $5.86.
⚠️ Key Levels to Watch:
If the support fails, the next zones to watch are $2.95 and $2.52.
RSI is showing signs of recovery, but increased volume is needed to confirm momentum.
📊 Summary: CAKE is gathering strength at key support and could trigger an upward move.
#CAKE #Crypto #Altcoin #TechnicalAnalysis 🚀
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.