CAKE - Dessert is getting ready, prepare your plates

Güncellendi
The CAKEUSDT pair came out of 178 days of long accumulation in the zone of 1.04$ to 1.6$.

it finished its first wave of price surge and getting the healthy retracement which has gone deeper into the fib levels. Thus, creating a very healthy low risk and high reward setup.

on daily there is a small bearish divergence that is being played right now and soon it will be over.

entry:

2.9 - 2.5 $ zone

the targets for the coin are:

1. 5.5
2. 9.5

long term:

3. 18
4. 28
5. 36
6. 45
7. 60



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might take some time in this triangle before breaking out to actual up move.
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instead of a triangle, now the PA is forming and ascending wedge.

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cakeusdtChart PatternsTechnical IndicatorspancakeswapTrend Analysis

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