CAKE/USD Overview
Each sine wave has twice the range of the previous one. As you can see, on two previous occasions, the price has fluctuated between the support trend line and corresponding sine wave. After breaking the support trend line downwards, a new support line is established and the next cycle begins. Next target is 75$.
Disclaimer
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.