Bullish Pattern on CAKE!
Updated
CAKE should be breaking anytime within this 3 days. Symmetrical triangle pattern formed.
Higher tendency of breaking to the upside. Target to retest the previous high at $21. That is a 100% gain from the current price $10.60
Breaking downwards should retest the $5-8
Note: Not a financial adviser, just my own personal view on this current pattern. Trade at your own risk.
Higher tendency of breaking to the upside. Target to retest the previous high at $21. That is a 100% gain from the current price $10.60
Breaking downwards should retest the $5-8
Note: Not a financial adviser, just my own personal view on this current pattern. Trade at your own risk.
Trade active
It broke out but as of today, the daily close, it wasn't able to stay above the triangle. A good insight is that, it started the day above the triangle, hopefully it stays above the $11 at the end of today for this breakout to be confirmed.
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