Cake Bullish
Historically, Cake has made significant upside moves after bouncing off the 100 EMA on the 4hr. So far, Cake has bounced off it. Also, Cake seems to be in a falling wedge, another bullish indicator. I expect a move past previous ATH ($44) really soon. And finally, a crossover of the MACD on the 4hr is also about to occur.
Note
4Hr Candle has wicked above the trend line, but still not a confirmation. I believe we will know in the next 8 hrs. Remember to put stop losses.Note
Cake has broken out of the falling wedge. My profit targets are 44 and 50Note
Ive updated this idea. See my profile.
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