🔥 CAKE Bullish Trend Intact: Reversal Expected

12 בפבר׳ 2023

Late January I made an analysis on CAKE and the fact it broke out of a 20-month long downtrend. This analysis still stands for the long-term.

In this analysis I want to focus on a more shorter-term analysis, As seen on the chart, CAKE has been bouncing off the bottom dotted support several times now. In my view, it's likely that CAKE will see a bounce of some kind in the near future. Targets in blue.