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# CAKE5S
9.86K
Casawi
#CAKE5S ✅✅✅
The chart shows a cup and handle formation. After a long downtrend, the price has formed a rounded bottom (the cup) followed by a short pullback (the handle). Currently, the price is trading near the neckline area (around 0.13).
In classical technical analysis, this pattern suggests that:
👉 If the neckline is broken to the upside, the probability of a continued upward move increases.
👉 The target is usually measured by the depth of the cup (indicated by the blue line).
Summary:
• Pattern type: Cup and Handle (bullish pattern)
• Key resistance: Around 0.13
• Potential target: A
The chart shows a cup and handle formation. After a long downtrend, the price has formed a rounded bottom (the cup) followed by a short pullback (the handle). Currently, the price is trading near the neckline area (around 0.13).
In classical technical analysis, this pattern suggests that:
👉 If the neckline is broken to the upside, the probability of a continued upward move increases.
👉 The target is usually measured by the depth of the cup (indicated by the blue line).
Summary:
• Pattern type: Cup and Handle (bullish pattern)
• Key resistance: Around 0.13
• Potential target: A
CAKE5S-2,55%
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GateUser-b2754dc6:
What does this 0.0 something mean after a 1d drop?:View More
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