This log chart channel looks nice to me.. When comparing the average percent gains after previous consolidations - and given the steady growth I expect to see with CAKE as the utilization of BSC continues upward - the target of around 100% lands on a FIB level @ $70. Although It's possible we may dip down to touch $33 mark before heading up according to the FIBS. To me this appears to be numerical confluence hinting at an approximate target.. Tell me where you believe CAKE is going in the comments..
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With BTC dumping down, CAKE fell from the channel a bit lower.. I still don't think this changes the target price. I believe CAKE will climb back to the channel and continue higher ounce BTC finds it's bottom..
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BTC Dumped