CAKE has officially broken out and has moved past it's previous all time high.
It appears to be starting the third wave impulse. A large bullish candle for the day all but confirms it.
Previously I had estimated a target of 33, but I think 38 is more accurate. (I had not set the fib-extension to log scale same as the chart)
The chart itself looks beautiful and you can see CAKE has been riding on the upward trend line using it as support.
The RSI also has a positive upward trend it has been following.
All in all the CAKE looks delicious!
CAKEUSDT
It appears to be starting the third wave impulse. A large bullish candle for the day all but confirms it.
Previously I had estimated a target of 33, but I think 38 is more accurate. (I had not set the fib-extension to log scale same as the chart)
The chart itself looks beautiful and you can see CAKE has been riding on the upward trend line using it as support.
The RSI also has a positive upward trend it has been following.
All in all the CAKE looks delicious!
CAKEUSDT
