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Bears continue to push CAKE.
CAKEUSD Price Analysis – September 16
If the sellers increase their momentum and enter the support level at $3.86, the support levels of $3.70 and $3.49 may be tested. If buyers push the price higher, CAKE will face barriers at the $4.20, $4.36 and $4.66 resistance levels.
Cake/Dollar Market
Key steps:
Resistance levels: $4.20, $4.36, $4.66
Support levels: $3.86, $3.70, $3.49
CAKEUSD Long Term Trend: Bullish
PancakeSwap is highlighted on the daily chart. The price action formed a cup shape on the daily chart. The coin has been under the control of buyers since last month. It rises to $4.66 in August 08, then pulls back to retest the $3.70 support level as usual in a trending market. The buyers have returned to the market and the price has already risen by $4.66. The said step has now been tested three times and is now being pulled back.
PancakeSwap is trading below the 9 periods EMA and 21 periods EMA, indicating the momentum of the sellers. If the sellers increase their momentum and enter the support level at $3.86, the support levels of $3.70 and $3.49 may be tested. If buyers push the price higher, they will face barriers at the $4.20, $4.36 and $4.66 resistance levels. Meanwhile, the relative strength index is at 14-51 levels and the signal line is showing a sell signal.
Buy the cake now
Your capital is at risk.
CAKEUSD Medium Term Trend: Bullish, TAMA Presale to Sell.
PancakeSwap is bullish in the 4-hour time frame. The coin found support at the $3.86 level. Due to the low speed of the bears, the price goes up and up. Paid $4.37. It is currently pulling towards the support level at $3.86.
PancakeSwap is trading around the 9 EMA and 21 periods EMA. Relative Strength Indicator period 14 shows sell signal at 60 levels.
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Related
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- Sealed Supply of 2 Billion, Token Burn
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