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Alikze »» CAKE | Dynamic trigger failure and pullback completion

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In time 1W, after a zigzag correction, it will have the ability to rise to the targets specified in the chart by breaking the dynamic trigger and pullback to it by breaking the most important neck line resistance. According to the current motivational wave, this step can be fast. But its first supply zone will be in the range of 4.8 to 5.4 dollars.

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註釋

More than 44% growth from the area marked on the chart to the two supply areas touched.

註釋

During the weekly time, after the two zones of supply, it was pressured and corrected, which can be considered a broken structure. But now we are seeing a good volume in the current area. But in the daily timing due to a short return or upward correction to penetrate the green box. I expect this correction to continue the $ 2 zone of movement. Then, if the area is highly approved, the 2.35 can see the return process.
Alternate scenario:
Fracture of the green box and Touch range $ 1.57.

註釋

According to the movement path, with more than 23% growth after a downward correction, it has managed to break the sub-swing and break into the first supply zone. Currently, with the support of the green box, it can continue the upward path to the neck line and the next supply area of growth.

註釋

According to the movement path, after not being able to break the zone, the correction path continued until the green box, after which it did not meet the demand and the downward target was touched.