The CAKEUSDT pair came out of 178 days of long accumulation in the zone of 1.04$ to 1.6$.
it finished its first wave of price surge and getting the healthy retracement which has gone deeper into the fib levels. Thus, creating a very healthy low risk and high reward setup.
on daily there is a small bearish divergence that is being played right now and soon it will be over.
entry:
2.9 - 2.5 $ zone
the targets for the coin are:
1. 5.5
2. 9.5
long term:
3. 18
4. 28
5. 36
6. 45
7. 60
it finished its first wave of price surge and getting the healthy retracement which has gone deeper into the fib levels. Thus, creating a very healthy low risk and high reward setup.
on daily there is a small bearish divergence that is being played right now and soon it will be over.
entry:
2.9 - 2.5 $ zone
the targets for the coin are:
1. 5.5
2. 9.5
long term:
3. 18
4. 28
5. 36
6. 45
7. 60
Trade active
Note
might take some time in this triangle before breaking out to actual up move.
Trade active
instead of a triangle, now the PA is forming and ascending wedge.Trade active
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.