CAKE

14 Nis

What we are experiencing right now is price reacting to the resistance for the third time. Haven't done that I expect CAKEUSDT to stretch to the 50% Fibonacci level to complete an Expanded Flat for wave 2 before the bullish momemtum returns.

There is another scenario that suggest going lower but to keep it simple I will let this unfold first. Stay tuned.


OTHER ANALYSIS