CAKEUSD Short term break out at $1.601 - Fast profit of 3%
After a lot of time I was interested to see the CAKEUSD pair and see what is going on there.
As it is normal,
CAKE
follows the same pattern as
BNB
does due to the recent news and all the turbulance that exist in all the crypto market and more specifically to BSC ecosystem.
It is very interesting however to examine CAKEUSDT chart and see the potential profits that can provide to us.
Right now,
CAKE
moves around $1.558 which is on the low boarder of this graphic - the support.
In the hourly chart this might tought the price of 1.57 and then hit the resistance of $1.601.
SL is the price of $1.544 where a new analysis of the chart will be needed there.
Let me know your opinion on
CAKE
charts!! COMMENT BELLOW!
Happy gains to all!
As it is normal,
CAKE
follows the same pattern as
BNB
does due to the recent news and all the turbulance that exist in all the crypto market and more specifically to BSC ecosystem. It is very interesting however to examine CAKEUSDT chart and see the potential profits that can provide to us.
Right now,
CAKE
moves around $1.558 which is on the low boarder of this graphic - the support. In the hourly chart this might tought the price of 1.57 and then hit the resistance of $1.601.
SL is the price of $1.544 where a new analysis of the chart will be needed there.
Let me know your opinion on
CAKE
charts!! COMMENT BELLOW! Happy gains to all!
Trade closed: stop reached
