CAKE has been taking a breather the last week, but could be ready to start moving again. It has multiple bullish signs.
Still within this ascending channel since March. Bounced off the lower trend line, forming a bull flag and a hammer candlestick.
If it stays within the channel we can be hitting $65-110 in the next of couple weeks, while a break above could catapult us to $152 and beyond.
A break below the channel would be bad and we'd likely go to $28 dollars once again.
Let me know what you think.
BINANCE:CAKEBUSD
Still within this ascending channel since March. Bounced off the lower trend line, forming a bull flag and a hammer candlestick.
If it stays within the channel we can be hitting $65-110 in the next of couple weeks, while a break above could catapult us to $152 and beyond.
A break below the channel would be bad and we'd likely go to $28 dollars once again.
Let me know what you think.
BINANCE:CAKEBUSD
