Short
CAKE in the verge of the "death zone"
CAKE token has been struggling for a very long while.
We thought the sky was clear once we so the probable Wave 2 and an impulse that promised to be, and was not, Wave 3.
Sadly Wave 2 is being redrawn and 0.886% has been tested... today.
Should it break (and close a daily candle) below said Fibonacci value and it will be very unlikely to see a recovery.
Worried and attentively watching how it evolves...
We thought the sky was clear once we so the probable Wave 2 and an impulse that promised to be, and was not, Wave 3.
Sadly Wave 2 is being redrawn and 0.886% has been tested... today.
Should it break (and close a daily candle) below said Fibonacci value and it will be very unlikely to see a recovery.
Worried and attentively watching how it evolves...
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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.