CAKEBUSD (CAKE) - POSSIBLE PRICE ACTIONS

ANALYSIS 🔎
- CAKEBUSD is consolidating in a symmetrical triangle pattern .
- A relatively big move is imminent.

POSSIBLE PRICE ACTIONS
- Uptrend ⬆️: breakout above the symmetrical triangle's inclined resistance and the horizontal resistance level (R1).
- Downtrend ⬇️: breakdown below the symmetrical triangle's inclined support and the horizontal support level (S1).

TARGETS 🎯
- Uptrend ⬆️: Horizontal resistance levels (R2, R3, R4).
- Downtrend ⬇️: Horizontal support level (S2).