Altsignals

CAKE - What's Next? 🧐

BINANCE:CAKEUSDT   CAKE / TetherUS
Cake has been on a bullrun since we saw the triple bottom in late July. We have been steadily climbing but we have now gone away from the ascending trendline in the form of an ascending correction = reversal pattern.

If this ascending correction breaks down completely, we might see a deeper correction heading back down to the $16 where we have previous structure. If its a small retracement, look for a bounce off the ascending trendline.
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bitcoin might do the same thing
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cake is the best!
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