🔥 CAKE Bullish Trend Intact: Reversal Expected
Late January I made an analysis on CAKE and the fact it broke out of a 20-month long downtrend. This analysis still stands for the long-term.
In this analysis I want to focus on a more shorter-term analysis, As seen on the chart, CAKE has been bouncing off the bottom dotted support several times now. In my view, it's likely that CAKE will see a bounce of some kind in the near future. Targets in blue.
In this analysis I want to focus on a more shorter-term analysis, As seen on the chart, CAKE has been bouncing off the bottom dotted support several times now. In my view, it's likely that CAKE will see a bounce of some kind in the near future. Targets in blue.
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