๐ฅ CAKE Major Weakness: Bearish Channel
A while ago I made an analysis on CAKE and the bearish channel it was trading in:
CAKE is one of the weaker coins in the market at this moment in time. It never really recovered from the September crash and traded sideways at best. I'm expecting a strong drop in CAKE's value over the coming days/weeks.
I'd be looking for a reversal when CAKE touches the lower bound of the channel.
Happy trading!
CAKE is one of the weaker coins in the market at this moment in time. It never really recovered from the September crash and traded sideways at best. I'm expecting a strong drop in CAKE's value over the coming days/weeks.
I'd be looking for a reversal when CAKE touches the lower bound of the channel.
Happy trading!
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