Analysis of Cake's Position in Sideways Channel within Optimal Buying Zone and Near Weekly support
Currently, the Cake cryptocurrency is situated within a sideways channel, with the ideal buying zone located around 1.403. The resistance zone extends from 1.550 to 1.640, where the monthly resistance level is positioned.
Currently, the Cake cryptocurrency is situated within a sideways channel, with the ideal buying zone located around 1.403. The resistance zone extends from 1.550 to 1.640, where the monthly resistance level is positioned.
Trade closed: target reached
Cake reached support at 1.403 and was rejected from it.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.