CAKE can't Increase Further much more.
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Hi every one
CAKE / TETHERUS
CAKE/USDT is doing a impressive bullish movement but It can't last for ever. Each Trend needs a correction without a Doubt. so as you can see If we put a Harmonic pattern Like Crab on the chart we can Understand that the Price's bullish Trend is about to End (Pay attention to the EX Ret which is 1.681) so yeah the Bullish Trend can continue a little longer but It will End and The correction will be up to the 0.618 line of the Fibonacci Retracement and after that of course a Bullish Movement will be started. There is also a Regular Bearish Divergence (-RD) on MACD as well which makes the Downfall of CAKE much more reliable.
summery:
-CAKE's Bullish Trend is about to End.
-Crab pattern shows It's about to end and time for correction
-correction can be up to 0.618 line of Fibonacci
-(-RD) on MACD makes the Expect correction more reliable.
💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
CAKE / TETHERUS
CAKE/USDT is doing a impressive bullish movement but It can't last for ever. Each Trend needs a correction without a Doubt. so as you can see If we put a Harmonic pattern Like Crab on the chart we can Understand that the Price's bullish Trend is about to End (Pay attention to the EX Ret which is 1.681) so yeah the Bullish Trend can continue a little longer but It will End and The correction will be up to the 0.618 line of the Fibonacci Retracement and after that of course a Bullish Movement will be started. There is also a Regular Bearish Divergence (-RD) on MACD as well which makes the Downfall of CAKE much more reliable.
summery:
-CAKE's Bullish Trend is about to End.
-Crab pattern shows It's about to end and time for correction
-correction can be up to 0.618 line of Fibonacci
-(-RD) on MACD makes the Expect correction more reliable.
💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
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