CAKEUSD is blocked by 11.5. The current candle is actually bearish by its opening but not by its low.
It's not a sweet cake, nor bitter. It's neutral.
But there is a bullish presence in there, but we have bearish interests due to a zone that is already closed which is 10.85. The setup will need patience.
9.9639534 is the potential target for a bias of 8.7571298
.
Khiwe
On this profile page, the shared analysis, ideas, and also, the strategy of a chart belong to Khiwe with some being influenced. The technical set-ups are speculative, they are not guaranteed for accuracy or completeness in the form of any content; it is not to advise on financial markets. Please apply your own analysis and confirm it with price action.
It's not a sweet cake, nor bitter. It's neutral.
But there is a bullish presence in there, but we have bearish interests due to a zone that is already closed which is 10.85. The setup will need patience.
9.9639534 is the potential target for a bias of 8.7571298
.
Khiwe
On this profile page, the shared analysis, ideas, and also, the strategy of a chart belong to Khiwe with some being influenced. The technical set-ups are speculative, they are not guaranteed for accuracy or completeness in the form of any content; it is not to advise on financial markets. Please apply your own analysis and confirm it with price action.
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