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FieryTrading
Aug 13, 2021 8:20 AM

🔥 CAKE New Target Long

CAKE / TetherUSBinance

Description

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!
Comments
juliengaarne
Thank you so much! Great work!
Trader_OMS
I think
juliengaarne
@Trader_OMS, This is not accurate
Trader_OMS
InkyGrip
Nice work! As always accurate ! 🦐
Helical_Trades
Good brother Axis
financialflagship
Excellent setup, thanks. 🚀🚀
CobraVanguard
Amazing work here! Thanks for sharing
Helical_Trades
Nice trade overview, thanks for sharing! 👍
MMBTtrader
great job here
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