CAKE / TetherUS
Short

🔥 CAKE Is Still Dead: More Selling Ahead

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.

🔥 CAKE Dying Slow And Painfully: Reversal When?


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.

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