CAKE broke out of the triangle and is heading higher.
We also have a W forming on the daily chart (pattern that is also forming across almost all coins interestingly, indicating prices could blow up, but we will have to see how it unfolds)
For this pattern to confirm we will have to push and close above 20.2, which is also in confluence with the 21 EMA.
If we break above, targets are : 22, 24, 25.2, 26.5
If we break back below, targets are : 15.5, 14.6, 12.5, 10, 9.5
Don't forget to watch BTC on the side.
Any questions?
Good luck traders
Remember not to break your rules
Habib
We also have a W forming on the daily chart (pattern that is also forming across almost all coins interestingly, indicating prices could blow up, but we will have to see how it unfolds)
For this pattern to confirm we will have to push and close above 20.2, which is also in confluence with the 21 EMA.
If we break above, targets are : 22, 24, 25.2, 26.5
If we break back below, targets are : 15.5, 14.6, 12.5, 10, 9.5
Don't forget to watch BTC on the side.
Any questions?
Good luck traders
Remember not to break your rules
Habib
