CAKE/USDT : Break above the trendline, important CME gap on BTC!

8 Nov 2021

CAKEUSDT | BTCX2021
Hello everyone 😃
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#CAKE has broke above the bearish trendline and the lower support zone has showed a stiff support.
MACD is gaining bullish momentum on histogram and it looks like that we'll face a bullish continuation after a retest on broken level !
The higher resistances will be :
- $21.06
- $22.85
- $25.88
- $31.50
- $38.30

The lower support zone can be used as 2nd entry if we saw any developing candle on it and the SL can be placed below it...
🔴 Based on higher data, The invalidation of the bullish bias will be a hold confirmation below the zone !

📌 Huge gap formed at ~61000$

FYI: ±90% of CME gaps are filled sooner or later.
Keep this in mind.
We hope it won't be filled 🙂

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Attention: this isn't financial advice we are just trying to help people on their own vision.

Have a good day!
Helical_Trades