Hi every one
CAKE / TETHERUS
CAKE/USDT has done pretty Impressive bullish movement in the last few days! as you can see if we try to put the Elliot Waves Principle on the chart we can understand that the price has completed the the first 4 waves of the Impulse waves and the 5th wave is about to be completed. after the completion of the 5th wave the beginning of the correction waves are expected . there are two thing to be aware of. one is that there is a strong resistance zone between the top of the 5th wave and the R3 of monthly pivot points (shown in the chart) and another thing is that after the completion of the correction waves the trend (which is bullish) can continue. Don't forget there is a regular bearish divergence(-RD) on MACD and RSI as well which make the expected bearish movement after the 5th wave more reliable to happen!
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
CAKE / TETHERUS
CAKE/USDT has done pretty Impressive bullish movement in the last few days! as you can see if we try to put the Elliot Waves Principle on the chart we can understand that the price has completed the the first 4 waves of the Impulse waves and the 5th wave is about to be completed. after the completion of the 5th wave the beginning of the correction waves are expected . there are two thing to be aware of. one is that there is a strong resistance zone between the top of the 5th wave and the R3 of monthly pivot points (shown in the chart) and another thing is that after the completion of the correction waves the trend (which is bullish) can continue. Don't forget there is a regular bearish divergence(-RD) on MACD and RSI as well which make the expected bearish movement after the 5th wave more reliable to happen!
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
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t.me/CobraVanguard
✨Get access to the private club with VIP signals:
t.me/Sinakobraei
🌎Social Media links :
linktr.ee/CobraVanguard
🤍Trade where I Trade:
CoinEX👉 rb.gy/yd2r9v
