🔥 CAKE Is Still Dead: More Selling Ahead

١٨ نوفمبر ٢٠٢٢

A couple of months ago I made an analysis on CAKE and talked about the terrible downtrend it has been trading in. I noted that a break out through the dotted resistance could indicate that most of the selling was over. Sadly, we reversed yet again and thigs are again looking bad.

In my view, we're going to see more selling, potentially even a lower-low in the coming weeks/months. CAKE is still a dying token with little technical reasons to be bullish.

Targets in blue.