CAKE/USDT 4h simple analysis in 15th/Jun
Hi, crypto traders.
CAKE is in a sideways market now, but it seems the price goes up again.
The price went down and was close to reach my target: 14.90USD, but it didn't break it. After that, the candle changed positively and already broke all MA lines to the upper side.
If the price continues to go up, the 1st target will be the last highest price: 18.62USD. Conversely, if the price goes down, the 1st target will be the cross-point with 80h (blue) line.
We can wait and see the next trading timing today.
==TODAY’s Check Points==
- The candle continues to go up and breaks 18.62USD?
- The candle goes down and breaks 80h (blue) line to the lower side?
==TODAY’s Target Price==
CAKE goes up:
1st target: 18.62USD (the last highest price)
2nd target: 21.53USD (the highest price in 3rd/Jun)
3rd target: 22.50USD (the highest price in 20th/May)
CAKE goes down:
1st target: Cross-point with 80h line
2nd target: 14.90USD (the last lowest price)
3rd target: 13.81USD (the lowest price in 30th/May)
Enjoy your trading.
CAKE is in a sideways market now, but it seems the price goes up again.
The price went down and was close to reach my target: 14.90USD, but it didn't break it. After that, the candle changed positively and already broke all MA lines to the upper side.
If the price continues to go up, the 1st target will be the last highest price: 18.62USD. Conversely, if the price goes down, the 1st target will be the cross-point with 80h (blue) line.
We can wait and see the next trading timing today.
==TODAY’s Check Points==
- The candle continues to go up and breaks 18.62USD?
- The candle goes down and breaks 80h (blue) line to the lower side?
==TODAY’s Target Price==
CAKE goes up:
1st target: 18.62USD (the last highest price)
2nd target: 21.53USD (the highest price in 3rd/Jun)
3rd target: 22.50USD (the highest price in 20th/May)
CAKE goes down:
1st target: Cross-point with 80h line
2nd target: 14.90USD (the last lowest price)
3rd target: 13.81USD (the lowest price in 30th/May)
Enjoy your trading.
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