Hi All,
Looking at CAKE, It seems to me that it will not do All Time New Highs (ATH).
I'm going long with CAKE but I'm also looking to take profit if this steady trend doesn't change at the indicated region.
Like BTC did in 2018, it got blocked at the 0.618 fib level, I think CAKE will do the same unless some new events come out.
Looking long term, It has the makings of some big structure formation.
This is only a hypothesis so having this post will be great to look back for me and see how I went with this call.
All the best,
S.SAri
Looking at CAKE, It seems to me that it will not do All Time New Highs (ATH).
I'm going long with CAKE but I'm also looking to take profit if this steady trend doesn't change at the indicated region.
Like BTC did in 2018, it got blocked at the 0.618 fib level, I think CAKE will do the same unless some new events come out.
Looking long term, It has the makings of some big structure formation.
This is only a hypothesis so having this post will be great to look back for me and see how I went with this call.
All the best,
S.SAri
Trade closed: target reached
perfect call.
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
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.
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
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.