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CAKEUSDT is testing the weekly support.

Panjang
CAKE / TetherUS (BINANCE:CAKEUSDT)  
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BINANCE:CAKEUSDT   CAKE / TetherUS
Trend Analysis Harmonic Patterns Chart Patterns
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trendanalysis harmonicpatterns chartpattern
CAKEUSDT is testing the weekly support. If the price is going to have a breakout from the daily resistance and turn into new support, According to Plancton's strategy(check our Academy), we can set a nice order
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Follow the Shrimp 🦐

Keep in mind.
  • 🟣 Purple structure -> Monthly structure.
  • 🔴 Red structure -> Weekly structure.
  • 🔵 Blue structure -> Daily structure.
  • 🟡 Yellow structure -> 4h structure.
  • ⚫️ Black structure -> <4h structure.
Komen:
The price is creating a falling wedge on the weekly support
snapshot
Komen:
Breakout from the falling wedge as expected!
snapshot
Komen:
Accumulation before the breakout from the daily resistance
snapshot
Komen:
The price is testing the daily resistance
snapshot
Komen:
Finally Breakout!
snapshot
Komen:
Breakout as expected and now the price is testing the daily support
snapshot
Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.