Long

CAKE/BUSD Bear Flag Forming

Updated

Looks like there's a bit of a bear flag forming on the 1H candles. Of course I hope I'm wrong and we keep moving upward, but if this is a true bear flag, expect a correction at most down to Cake's major support line, after which we should be hopping right back on the gain train!
🚂🚂🚂

Also, with the Auto-compounding pools coming out soon, this news should help fuel the train.

Note

Welp, thankfully I was wrong about the bear flag, however it looks now like it might be forming a double top, which is also a bit bearish... Either way, if CAKE goes down it should bounce off its support line, thus I will be looking to pick some more up around 39-41

Note

Looks like CAKE pulled off a double top, and dipped to the $39-41 dollar range like I mentioned before, and I loaded up @ $40... Next stop $45-50!

j-pants

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