Technical analysis by readCrypto about Symbol CAKE: Buy recommendation (8/17/2025)

Hello, fellow traders. Follow us to get the latest information quickly. Have a great day. ------------------------------------- (CAKEUSDT 1W chart) For the uptrend to begin, the price must rise above 5.750 and hold. - (1D Chart) The key is whether the price can maintain support around 2.465-2.740 and rise above 3.086. If the price holds above 3.086, a stepwise upward trend is highly likely. At this point, the key point to watch is whether it can rise above 4.217. If it finds support around 2.465-2.740 and rises, a medium- to long-term uptrend is likely, so you can develop a trading strategy based on this. - If it falls below 2.465, it could fall below 1.860, so you should stop trading and wait and see how things go. The strong support area is 1.191-1.593, so if it finds support around this area, it would be a good time to buy. - Thank you for reading. I wish you successful trading. -------------------------------------------------- - Here's an explanation of the big picture. (3-year bull market, 1-year bear market pattern) I'll explain more in detail when the bear market begins. ------------------------------------------------------