Cake is just under a major resistance at $29 trying to push through, however so far we have failed.
The indicators appear to be bullish with a MACD cross on the positive side and RSI + Volume wanting to move higher. So bias is slightly bullish on this price action.
However, so long this resistance holds us, we won't have a rally. As such, it is important to not break this ascending channel, otherwise a retest of the $21 support line is likely which will then hopefully push us higher again.
Possible paths are on the chart.
Bias remains bullish for now.
The indicators appear to be bullish with a MACD cross on the positive side and RSI + Volume wanting to move higher. So bias is slightly bullish on this price action.
However, so long this resistance holds us, we won't have a rally. As such, it is important to not break this ascending channel, otherwise a retest of the $21 support line is likely which will then hopefully push us higher again.
Possible paths are on the chart.
Bias remains bullish for now.
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