CAKE/USDT Symmetrical triangle. The price is at its resistance.

The area of level 18 has become a support zone. There is a local accumulation in this zone under the very important trend resistance (red). Symmetrical triangle with a base of 350%. Also do not forget about false breakdowns. The price is at its resistance. Working with this triangle resistance (resistance to the main trend).

PancakeSwap (CAKE) coinmarketcap: PancakeSwap (CAKE)

Commentaire:

Price is squeezed in the local channel in the triangle breakout zone. Important reversal or trend continuation zone.

Commentaire:

local horizontal channel clamped 15% and squeezed to the level of 16. The price is still in the triangle area. The price has not broken the downtrend line (red, triangle edge), but it is very likely to happen soon.