mehran_analyzer

Ascent or descent

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KUCOIN:CAKEUSDT   PancakeSwap Token / Tether
If we look at the chart, we see that a long-term downtrend line is pushing the price down . But in the meantime, we see a support.The trend line and the support form a descending triangle Trading volume also confirms that it will be a downtrend.If this happens and the price goes down, the most important support will be in the range of 11.09 , But if buyers perform a miracle and break the downtrend line, the price can rise significantly.
This is not a financial recommendation.
This is just a technical analysis.

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