How Cake(PancakeSwap) is looking?
Hello everyone!
As you can see on the chart while ago bull flag was created, after the break cake went sideways,as most of the altcoins did. Even it bounced from 17.5 levels to form double bottom scenerio, but this scenerio to be valid price needs to break(at least 1 daily close) 20.5 level(which is also 0.618 level). The target of bull flag is orange line, fibonacci 1.618 also states similar level 35-36.
If you want some coin to be analyzed by me, please write in the comments.
Have a nice one!
As you can see on the chart while ago bull flag was created, after the break cake went sideways,as most of the altcoins did. Even it bounced from 17.5 levels to form double bottom scenerio, but this scenerio to be valid price needs to break(at least 1 daily close) 20.5 level(which is also 0.618 level). The target of bull flag is orange line, fibonacci 1.618 also states similar level 35-36.
If you want some coin to be analyzed by me, please write in the comments.
Have a nice one!
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