Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. CAKE’s recent bearish pull propelled a rising wedge breakdown. The crypto’s open interest unveiled a slight bearish edge over the past 24 hours. The recent buying endeavors pushed PancakeSwap [CAKE] above the constraints of the EMA […]
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.The crypto’s open interest unveiled a slight bearish edge over the past 24 hours.above the constraints of the EMA ribbons as the price action continued to gradually grow.After rebounding from the $4.7-$4.8 range, CAKE witnessed an expected reversal from its reversal pattern.
A continued decline from the immediate resistance could find resting grounds at the $4.5-mark. A potential/ immediate reversal from this support could offer buying options. The first major resistance would lie in the $4.8 zone. Any close above this ceiling could carve a path for further gains. The Relative Strength Index exhibited a slight bearish inclination as it dropped below the midline. The buyers should look for a recovery above this level before placing calls. Nonetheless, the Chaikin Money Flow maintained its spot above the zero mark.An analysis of the total CAKE Futures Open Interest revealed an 8.78% decline in Open Interest over the last 24 hours.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Comment: A thanks to Victoria, and a look to the futureOutgoing Victoria mayor Lisa Helps offers her thanks to those who supported and challenged council — and offers some wishes for the future.
Read more »
U.S. stocks steady ahead of Fed meeting; Dollar falls - BNN BloombergEquities erased early gains ahead of the Federal Reserve's policy meeting Wednesday. A gauge of the dollar fell and gold rose.
Read more »
Avalanche: How AVAX investors can optimize their returns from this breakoutDisclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Avalanche broke out of its low volatile phase to unveil a bullish edge over the past few days. The crypto’s funding rates turned negative but the long/short ratio revealed a bullish edge. While the bulls […]
Read more »
Which automakers offer free public EV charging?Which automakers offer free public EV charging? — via drivingdotca ShoppingAdvice ElectricVehicles
Read more »
Which automakers offer free public EV charging?Which automakers offer free public EV charging? — via drivingdotca ShoppingAdvice ElectricVehicles
Read more »