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Cryoptocurrency

CAKE - is going to skyrocket 🤯🚀There is an interesting pattern on the CAKE chart. You can see the trend line, the price has already tested it four times, but has not yet been able to break it. With each test, the resistance is weakening, so we should expect a breakdown of this trend line. There are two scenarios worth noting: - If the price reaches a low of $17.7 and then breaks this resistance line, this would be a very good buying opportunity. - If the price squeezes and then breaks this trend line, that would also be a good buying opportunity. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
Long
by Yuriy_Bishko
8
AXS clutching at supportATM I don't believe AXS will be able to hold it's support level at 119.23usdt. Although our HTF bias on the daily is still bullish, on 4h and below we have retraced and now struggle to bounce from support. One successful bullish BOS did occur reaching 140.90usdt, but since then we've created a lower high and a lower low, breaking on LTF. That left large supply zones that will have to be absorbed which might be difficult, seeing as how we've already used up or demand zones. I would like to see 130.97usdt being broken first, and if we're able to do that, we might be able to cut through the large supply zone overhead. Not holding my breath though. In case AXS continues to roll, I will be eyeing the next demand zone which is our daily zone at 110.36usdt.
by solomonroskin
ALICE BREAKOUT THE FALLING WEDGE! 4H TFThe falling wedge pattern (Marked on the grey thick lines) is a continuation pattern that forms when price bounces between two converging and downward sloping trend lines. This is considered a bullish chart formation but can show both reversal and continuation patterns – depending on where it appears in the trend. It breaks the falling wedge (red circle area) with a significantly higher volume than average. Meaning it has a good chance to continue the upward movement. The immediate resistance is on $20, then $21.65 area. A major resistance is on $19. This chart is only an analysis of the current trend, not a financial advice to do any action. Please trade responsibly, and do not forget to do your own research.
Long
by christoforushervindra
1