Cake is now stuck in a barrier triangle ending Wave e at the top of the triangle (pink lines) means a downward move before bouncing upwards.
Reasons why we aren't seeing Cake making big moves. 1. Short Wave ii 2. Extended Wave iii 3. Hidden RSI divergence
Do note there might be a possible truncated Wave v as there has already been an extended wave iii.
Not financial advice. Only meant for educational purpose. All price actions depends on BTC hence, possible invalidation of my analysis. Please trade at your own risk.