Hi guys, this is my second TA about $CAKE. Before I start, please be aware that this is not financial advice.
If you guys are aware, BINANCE:CAKEBUSD has formed a perfect parabolic teacup resulting in vertical shot-up in the coming days. But where will it go? the target?
So I revisit the 1D time-frame chart last February when $CAKE gains 200% price movement in just 11 days (11 bars). Together with that, Bitcoin also gains almost 50% price movement after Elon Musk announced Tesla buys BTC. Today, Bitcoin price comeback trading in around 60k and ready to shot up. I don't know what will happen in these 2-3 weeks, which big news will boost bitcoin price up to 50% which probably almost 80k. But along with that, it will also boost $CAKE 200% move up to $50.
Please refer to bitcoin and cake charts below:
If you guys are aware, BINANCE:CAKEBUSD has formed a perfect parabolic teacup resulting in vertical shot-up in the coming days. But where will it go? the target?
So I revisit the 1D time-frame chart last February when $CAKE gains 200% price movement in just 11 days (11 bars). Together with that, Bitcoin also gains almost 50% price movement after Elon Musk announced Tesla buys BTC. Today, Bitcoin price comeback trading in around 60k and ready to shot up. I don't know what will happen in these 2-3 weeks, which big news will boost bitcoin price up to 50% which probably almost 80k. But along with that, it will also boost $CAKE 200% move up to $50.
Please refer to bitcoin and cake charts below:
