🔥 CAKE Triangle Break Out
Updated
CAKE has been trading inside this triangle since the massive sell-off two weeks ago. With BTC appearing bullish in the near term, a lot of cryptos will copy the bullish trend.
CAKE has seen a short period of consolidation at the resistance of the triangle, whilst it's currently well on its way of breaking out of it with confidence. Mid term target would be the $25 area, assuming BTC will remain bullish.
Happy trading!
CAKE has seen a short period of consolidation at the resistance of the triangle, whilst it's currently well on its way of breaking out of it with confidence. Mid term target would be the $25 area, assuming BTC will remain bullish.
Happy trading!
Note
Price has fallen in the triangle again when BTC made a bearish move. Entry point has not been hit yet.
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