CAKEUSD ❕ uptrend

CAKE / US Dollar (calculated by TradingView) BINANCE:CAKEUSD

Solldy

Having been moving in a downward channel since April, the Cake reached the lower boundary and started to form an upward channel from there.
Price broke through the 50, 100 and 200 MAs on the 1H Timeframe.
Volatility has increased and volumes continue to rise.
I expect a small correction with a fix above the liquidity zone before continuing to rise.

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