CAKEUSDT Analysis by @pipsnipers

The analysis identifies CAKEUSD forming a right-angle broadening wedge pattern indicating a bullish Wyckoff accumulation phase. The one-to-one target of the wedge pattern is around $22, which coincides with the 50% Fibonacci retracement level on the linear scale when taking a fib from the high to the low of the recent price swing. The analysis also mentions other coins that show the same pattern, specifically VET. The analysis also uses a Fibonacci retracement to establish an interim target. Additionally, the video analyzes a failed breakout as a starting point of the Wyckoff accumulation, followed by a spring, which, if it goes up from that point, would indicate a start of a bullish pattern. For XCNUSD, the analysis states a congested price pattern followed by an explosive fifth wave and the video shows how the 200 Day SMA is acting as a magnet for the price.