$BAKE Double Bottom ?BAKE has had an very strong run up these past few weeks.
Consolidation and relief is necessary to continue the uptrend.
If price holds on to support cluster between $5.00 - $5.70 we can expect to see a double bottom form which is a strong bullish sign towards previous highs.
Resistances: 7.30 / 8.40
BSC
BAKEUSDT TO $10 AFTER FINISHING THE TREND RESETBASING ON THE INCREASING MARKET AND NEW IDEAS IN THE BAKE PLATFORM IT IS CLEAR THAT BAKE IS THE NEXT BIG THING
$GRT/USDT 4h (Binance Futures) Descending trendline breakoutThe Graph has broken bullish, the idea is to catch it on the retest of TL and 50MA!
Current Price= 1.68407
Buy Entry = 1.64255 - 1.58745
Take Profit= 1.82989 | 2.02021 | 2.30295
Stop Loss= 1.47127
Risk/Reward= 1:1.5 | 1:2.82 | 1:4.79
Expected Profit= +26.62% | +50.18% | +85.20%
Possible Loss= -17.80%
Fib. Retracement= 1.272 | 1.764 | 2.414
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
AUTO - TVL $1,835,701,489TVL in autofarm network is $1,835,697,008, but the AUTO coin price is very undervalued. Buy and hodl. AUTO is the next YFI but with better potential.
Bake cake!Hi fellas
lets talk about $Bake boys
BakerySwap is a decentralized automated market-making (AMM) protocol that is based on the Binance Smart Chain (BSC). The BAKE token is a native BEP-20 governance token on the platform.Users have the ability to earn BAKE tokens by providing liquidity on BakerySwap, and BAKE holders can use their tokens for governance voting and to receive transaction fee dividends. The BAKE rewards are offered in several liquidity pools, initially including BTC, ETH, DOT, LINK, BUSD and BAKE versus BNB
targets 7 - 7.5 - 8 - 9
stop loss 5.5 - 5 - 4.5
Bake to $12It's all layed out right there for you! Enjoy, sell the peaks buy the dips, cashout between $11-$12
BNB has pumped a lot and will pump even more!1. Biggest exchange
2. Exchanges coins are hot after getting destroyed harder than many others
3. Only other way to get exposure to exchanges as Coinbase IPO is hot
4. Natural demand from the products Binance offers
5. BSC has grown quite a bit and might grow even more as people migrate from other chains and especially Ethereum
6. Lots of BNB trading pairs and BNB is listed on several exchanges and can be used outside Binance
Chart looks super strong, with the previous ATH in BNBBTC turning into support and now BNB making a higher close. Very promising!
From now on I'll be sharing a lot more stuff here on tradingview. I have no idea why I wasn't doing in before and kept it only for long posts. Now that things are moving so fast, I'll keep posting quality setups. Not much fluff, straight to the point, easy to understand. Before that I was doing it mostly on Twitter and Telegram, but now I'll share more here. It is a shame I can't show coins I talked about a lot in the past and people to get to know me better, but it is a fresh start after being on this platform for 4+ years.
BNB Will visit previous ATH soon!Here's a quick look at BNB 2 hr chart. As we can see, the price has been in a bigger triangle for some time now, and soon we will see a breakout. If it breaks out from the triangle then it will probably revisit previous ATH! Keep an eye on this!
The idea is: Buy the breakout from the triangle and Take profits at the levels shown in the chart.
Targets:
1. 637$
2. 768$
Note: Profits can also be taken in the resistance zone .
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
ANOTHER Target met for CAKE! @SmileyTradesHello Traders!
Congrats to those who took this trade with me! No TA on this post, just more celebration! CAKE has been treating us well :)
Happy Trading, always manage risk.
Quality in trading is the ability to react to one's own psyche
$BNB is Parabolic + Fractal !Binance coin has been killing it for the past few months! It is moving & respecting its parabolic curve!
We can see in February to March we had been a period of consolidation.
Towards the end of march we saw a massive move to the upside. Which was 180% in 20 days.
Perfectly matching the previous consolidation & move to the upside, we can see a fractal forming which could put us near the 1000$ mark.
Fundamentals:
Binance Smart chain is growing everyday and has surpassed Ethereum in daily transaction.
BSC Ecosystem has $30+ Billion USD volume locked in liquidity and is growing exponentially !
$500,000,000 USD worth of BNB where burned a few weeks ago. (supply shock)
$CAKE 🍰 Strong Fundamentals !! Cake has just created a new all time high!
If price consolidation occurs above the $30 level. We can expect to make a test towards our fib extension levels.
If price does not break resistance, we could possibly see the low & mid $20 area.
I am very bullish on cake for over a few months now!
A few weeks ago around $85,000,000 worth of $CAKE where burned.
Just recently, with the new Pancakeswap update, all CAKE tokens acquired from transaction fees will be instantly burned.
With simple supply & demand principles:
The progressive CAKE burns will cause a supply shock!
First Projection:
CAKE - Elliot WaveMy prediction for a gem token CAKE. BSC is on the trend now and CAKE is the best token in BSC ecosystem.
Time to hold BNBI believe that: BNB can reach 0.018 BTC ~ 1600 USD at the end of this bullrun ~ Nov 2021.
Huobi Token (HT) is interesting here w. their new own ecosystem.HT (huobi token/ 2nd largest exchange in the world) recently released their knockoff version of Ethereum similar to what BNB did. The transactions are 1/10 of one penny. Lots of new projects are being released on their chain (defi, dex, ect.)
CAKE, PancakeSwap - Top 20 incoming ?Hello all,
The CAKE/USDT and CAKE/BUSD pairs run like clockworks these days. Even during the weekend drop, all major levels were respected and the price reacted perfectly upon touching them. Yesterday we saw the pair dropping all the way down to the very, very solid resistance at $19, so now I think we can assume it turned into support on the daily chart (yet to be confirmed on the next test of that level).
So, the price reacted immediately and the trading pair went back into the old $21.5-$25 trading range. Also, regained positions above the 21-day EMA and the diagonal uptrend line.
The bullish scenario here will be to form a solid bullish engulfing candle on the daily chart, then make a quick move to $25 (probably fueled by the recent token burn and the upcoming IFO) with an extension to $45. Such a big move will result in 91 percent of price increase. When added to the current marketcap, it will place CAKE at #22 on CoinGecko's Top 100 list, still way behind the leading DeFi project - UNISWAP.
The bearish scenario will be to loose the range and close below $21, which will put the CAKE/USDT pair in position to re-test the support line at $19.
Regards
Bullish on CAKEIn my personal opinion, $CAKE could go up to 37$ in mid-term.
As we can see, even though the market dropped we touched the bottom line of the parallel channel and now we are riding the reversal patterns.
Pitchfork is showing us going straight up through fibonacci levels. We should withstand the support line and aim for the middle line of the parallel trend channel.
In case we fix in the middles, there is a high probability of us touching the upper side of the channel, which could lead up to 37$ level.
Goals: 24.7 - 26.7 - 28.3 - 33.7 - 37
SL: 21.2
CAKE Price Trend AnalysisI graphed trend lines - one based on the all time lowest low, then lined it up with the recent 2nd swing low in mid April. I did the same with the previous ATHs.
Please give me any feedback or critic, as I would love to hear from another experienced trader. Should I have connected the lower trend line to different swing low, or was my positioning accurate?
