- Trading pair: CAKE-USDT
- Time range: 2026-01-02 20:00:00 ~ 2026-01-15 20:00:00
- Data nature: Real-time candlesticks
## Candlestick Pattern Deep Analysis
1. **Around Jan 6th, a large bearish engulfing pattern appears at 2.07 price level** - Previous uptrend reversal, strong bearish momentum - Strong signal
2. **Near Jan 9th, a bullish hammer pattern forms at the 1.91 price level** - Strong buying pressure at support, bullish reversal - Strong signal
3. **Around Jan 11th, another bearish engulfing pattern forms near 2.05** - Rejection at resistance, bearish continuation - Medium signal
4. **Jan 13-14th shows a bullish engulfing pattern around 1.98** - Reversal of short-term downtrend, bullish momentum building - Strong signal
5. **Latest candlestick (Jan 15th) shows a long bullish candle at 2.14** - Strong buying pressure, bullish breakout - Very strong signal
## Technical Indicator Analysis
1. **Moving Averages**:
- EMA7 (2.0712) is above EMA25 (2.0311), indicating short-term bullish momentum
- EMA99 (1.9934) is below both shorter EMAs, confirming an overall uptrend
- Price (2.1410) is trading above all EMAs, showing strong bullish momentum
2. **MACD**:
- MACD line (0.0089) is above signal line (0.0152), showing recent bullish momentum
- MACD histogram shows green bars increasing in height, confirming strengthening bullish momentum
- Multiple MACD crossovers align with price reversals in the chart
## Support and Resistance Levels Judgment
**Support Levels**:
- Strong support at 1.91 (tested twice with strong bounces)
- Secondary support at 1.98 (recent consolidation area)
- Minor support at 2.07 (previous resistance turned support)
**Resistance Levels**:
- Immediate resistance at 2.16-2.17 (24h high)
- Next resistance likely at 2.20 (psychological level)
## Comprehensive Technical Evaluation
**Volume Analysis**:
- Recent bullish candles are accompanied by increasing volume (215.04k in latest session)
- Volume expansion on breakouts confirms the strength of the moves
- Volume patterns align with price action, validating the trend
**Trend Direction**:
- Short-term trend: Strongly bullish
- Medium-term trend: Bullish with higher lows and higher highs
- CAKE has recovered significantly from the 1.91 low, showing a 12% increase
**Technical Signal Summary**:
- Moving Averages: Bullish alignment
- MACD: Bullish crossover and momentum
- Price Action: Bullish engulfing and continuation patterns
- Volume: Confirming bullish momentum
## Conclusion
CAKE-USDT is showing strong bullish momentum with price breaking above all key EMAs. The recent pattern of higher lows suggests accumulation, with the latest large green candle confirming buying pressure. Traders might consider buying on minor pullbacks toward the 2.07 support level, with stop losses below 1.98. However, be cautious of potential resistance at the 2.16-2.17 level. The MACD indicator confirms this bullish outlook, but always manage risk appropriately as cryptocurrency markets can be volatile.
