CAKEUSDT | Wave Analysis | Wave 4.4 Take Profit Zone
Price action and chart pattern trading;
> Take profit zone at the upper resistance of the wave channel, possible at SMMA100 fakeout resistance - 0.382 - 0.5 retracement of Wave 4.3
> The final Wave 5 downtrend could be projected at 0.5 - 0.618 extension of wave 4.3 slightly below the previous low - a usual dump & pump is expected before making its uptrend wave
> Indicator: RSI and MACD bearish divergence in TFD squeezed just above the baseline 0, limited upside.
Always trade with affordable risk and respect your stoploss, nothing is 100%
> Take profit zone at the upper resistance of the wave channel, possible at SMMA100 fakeout resistance - 0.382 - 0.5 retracement of Wave 4.3
> The final Wave 5 downtrend could be projected at 0.5 - 0.618 extension of wave 4.3 slightly below the previous low - a usual dump & pump is expected before making its uptrend wave
> Indicator: RSI and MACD bearish divergence in TFD squeezed just above the baseline 0, limited upside.
Always trade with affordable risk and respect your stoploss, nothing is 100%