Three weeks of steady CAKE price growth have significantly encouraged investors. A breakdown of the local range of $8.5 and a test of the trend line of sellers showed the mood of buyers. And increased trading volumes during the local growth wave on 14 March proved that in addition to the mood, buyers still have strength. The last point that buyers need to do to start the active phase of the CAKE market is to keep the $7.3 mark. Yes, this mark could not stop the fall of the CAKE price on 17 January. However, sellers started having problems with this mark. A lot of effort has been thrown to win this mark – so it is in the interest of a major player in the CAKE market. https://www.tradingview.com/x/dqFQWNg7/ Therefore, when the CAKE price approaches the range of $7.3, buyers will have a favorable opportunity to buy this cryptocurrency and expect a strong growth boost with the first target of $12.9. At this point, the CAKE price has every chance to slow down and try to return to the downward trend. Therefore, the first part of your investment in CAKE should be sold in the range of $12.9. The rest will go to the section of long-term investments, which should be kept up to $19.5. Therefore, May 2022 has every chance to be a hot month in the good sense of the word. Technical Analysis Of CAKE On The Daily Timeframe https://www.tradingview.com/x/ooZ5ZNMU/ The daily timeframe of the CAKEUSDT chart gives us some additional information. T...
