I don't think that cake could bounce to all highs, but it's in a nice area where funds could accumulate, even at these lower prices it's #56 at Coinmarketcap. - ABC to the downside, wave C 5 clear internal waves, the bottom might be soon. - Harmonic Gartley that I didn't draw, but retracement to .61 and pulls back to .78-.886 area is a clear Gartley.
I would not start buying until I see a chart pattern in the bottom telling us to buy, a double bottom, a triangle, a falling wedge break, etc. A clear sign that the C has ended, if you want to anticipate, you can build a starter position with a very low amount.