as stated few days ago golden pocket is a good place to buy. we are currently there again. vpvr also as support at golden pocket, we could see little more dumpage towards or quick wicks down. don't be afraid to buy!! this will probably be last time we see under $30. (until bear market)
We are at the best price to buy or at the beginning of a bearish market deepening.
To sum up: if you buy, be cautious if you own, keep your fingers crossed that a new rally is coming.
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CAKE did a nice ATH at $44 at the end of April and ever since we have been correcting downwards.
Right now we found support on the $29 level, but this is unlikely to hold us if the bearish momentum continues. The indicators on daily are bearish with MACD and RSI falling and this trend does not give any signs of relief.
As such, better wait if you are...
CAKE has been taking a breather the last week, but could be ready to start moving again. It has multiple bullish signs.
Still within this ascending channel since March. Bounced off the lower trend line, forming a bull flag and a hammer candlestick.
If it stays within the channel we can be hitting $65-110 in the next of couple weeks, while a break above could...