Cake support + triangle breakout
Cake currently sitting at 0,618 fibo retracement 2,316usd from recent local high 3,4usd. This support holds strong for now. Possible breakout from triangle will lead to new uptrend with target 5,187usd. Breaking down will lead to lower support 2,016usd.
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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.