$CAKE Made an Amazing Bounce After Hitting Our DCA Entry!
After CAKE retouched the DCA region we had designated, we observed that the Demand Zone highlighted got more entrenched. At this point, the majority of buyers had already placed their purchase orders. You may have observed. The'start' of an impulsive wave has more buyers than the middle. So, it's very likely that practically everyone is looking forward to this altcoin's next high. Just making sure that its resistance has previously been retested. Our search for possible ideal places for its next rally will not stop.
The increasing buying pressure on $SUN is currently being displayed at its Demand Zone.
We have consistently looked for the SUN support levels where the market believes it can hold its price the best. after giving the growing buying pressure considerable thought. We were able to determine that Sun is still trying to build up additional small supports for its next, more powerful rally. Now see the various waves that the sun has produced. From low to high, from low to high. In addition to its previously broken significant resistance, there is a chance to create a more recent significant support. We can keep searching for the chance that a breakout at its current high will occur as more confirmations come in.
The creation of a newer supply zone by $MANA increases the likelihood that this next price action will occur.
After a big climb, the price may appear to weaken or stabilize in the MANA supply zone. Once its barrier is retested, the existing bearish wicks will continue to produce even more. However, this information is the sole focus of our comprehension of the nature of the upcoming price action of MANA. Therefore, there is a chance that this altcoin will continue to move in a range market environment in the near future.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.