BINANCE: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.

https://www.freeonlinetradingeducation.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