CAKE / TetherUS View 120

Hello traders, CAKE / TetherUS is in a symmetrical triangle with a reduction in volume and liquidity as well as volatility. the Rsi shows that it is in an area under sale with a macd is on zero but the signal and above so it is not the time to return. We are in the fight between the bull and the bear for the moment, even the secondary trend probably shows a theory to see if point E confirms this. In this case we will have to deal with the return of smart money in the short term with a long trend adjustment. If it remains unchanged with a new price exercised for confirmation in the future compared to Q2.
A new market possibility of a breath will follow a exhaustion to watch the probable correction with their trend which may weaken active exits. See if the withdrawal made on this resistance for a distribution of demand on long positions against market sentiment with feeling of walking with everyone's greed. Watch how the market reacts to the relief rebound at that given time.
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