Technical analysis by XSORYUM about Symbol CAKE: Buy recommendation (11/27/2023)

CAKEUSDT , Has been bearish for a long time, now our projections are Bullish by breaking the fibonacci resistance levels now. The price now got a rejection for the 38% level, but the volume and the last candlesticks show buyers supporting the levels, in the short term we can wait for another trying on braking the 38%, and go up to the 50% level, the second objective is the 61% on 3.769 price This second objective seems more accurate and probable.