Is Cake rocketing again?

Hello traders ! In the logarithmic chart, it seems cake is following parallel chanel on the cart. Buying on these levels can be risky. I would prefer considering other coins. The 20 day moving average and in the 4 hour chart 200 EMA points out 33 levels can be targets and very good supports if it corrects - falls. Have a nice day!
Chart PatternsTrend Analysis

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