Some time ago I made an analysis on CAKE. Here I discussed the pending break out and the mid-term target, which ranged from $20-$21.
Seeing that BTC is rallying again after a minor dip, chances are that alts will follow. So for the case of CAKE, I'm extending the bullish target. The resistance area from $28-$30 is the new mid-term target. If BTC sees another crazy rally like the last two weeks, CAKE could reach $30 within 2 weeks. Small chance, but still realistic.
Happy trading!
Seeing that BTC is rallying again after a minor dip, chances are that alts will follow. So for the case of CAKE, I'm extending the bullish target. The resistance area from $28-$30 is the new mid-term target. If BTC sees another crazy rally like the last two weeks, CAKE could reach $30 within 2 weeks. Small chance, but still realistic.
Happy trading!
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