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
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.