It seems that the CAKE token has likely completed a diatonic structure on higher timeframes and has transitioned into an ABC or potentially a more complex pattern.
Wave C of this new structure could initiate within the highlighted green zone. Wave C is anticipated to be bullish.
However, if a 3-day candlestick closes below the specified invalidation level, this analysis will no longer hold valid.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Wave C of this new structure could initiate within the highlighted green zone. Wave C is anticipated to be bullish.
However, if a 3-day candlestick closes below the specified invalidation level, this analysis will no longer hold valid.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
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Free membership: t.me/Behdark_EN
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Disclaimer
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🔆To succeed in trading, just enter our Telegram channel:
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
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.