CAKE / TetherUS
Panjang

CAKE/USDT Price Prediction

429
CAKE has huge potential. ⭐
CAKE broke out of the falling wedge with very strong volume. It dind't hit the target yet, but has stabelized very well.
We had 3 points of contact at 13.171 our new resistence. Once we break out of the resistence line with good volume we should see a huge pump to the upside.
Be carefull, we might see a throwback after breaking out of the neckline.

CAKE has crossed the 55 EMA for the first time since its existence when we look at the 2 hour time frame.
When we look at the 4 hour time frame we can see that CAKE crossed the 25 EMA, these indicators are pointing towards a bullish scenario.

TP1: 15.642
TP2: 18.058

My prediction is based on technical analysis , do your own research I am not an experienced trader so don't take this as financial advice.
Any feedback is much appreciated, good luck :)

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