CAKEUSDT
Everybody wants to kill me because Cake price fell hard. Many throwing in the towel at the worst possible moment.
However, what I see is a big Bull Flag Pattern, which should lead to higher prices when it finally breaks to the upside. To do that, we need to go above $19 USDT. If we do, the minimum price target would be $34 USDT. A target that I expect will be meet before year end.
www.freeonlinetradin...n.com/bull-flag.html
Critical support would be $14 USDT.
We had increased volume in the last 3 days, which is good, as it could signal the final liquidation and price bottom.
Also, the RSI indicator is deeply oversold, which could also signal a bottom.
I hope you find this interesting and good luck to you
Comment:
Some are saying that we are tracing a huge Triangle Pattern on CAKEUSD. If that is the case, it would look something like this, already 280 days in progress. And if it broke to the upside, with a move above $21 USD, the price target would be somewhere around $100 and $200 USD.
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