CAKE is still in accumulation range. When looking at pattern we see similarities with BTC where CAKE has completed 1st impulse from the bottom and as long as we stay above fibb 0.236 S range we are ready for next impulse moving price higher, going for test of fibb 0.886 range where a bit of consolidation and then wick to new ATH to complete bigger impulse up.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.