cake/usdTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Link to previous chart:
The bottom looks like its in and we should be working towards wave (3).
CAKE
Cake/btc weekly falling wedge on verge of breakout!This is a weekly pattern but is just more visible on daily chart!
Hi guys this pattern of cake/btc is close for a breakout so i bought some cake and staked it on binance. You could leverage this trade but personally I'm planning to jump on spot because i want to hold cake to ath and above while also staking cake! this is NFA! DYOR especially if you're a leverage trader!
CAKEUSDT This route can be happenHello everyone
Cake is one of the most powerful token of defi exchange that can be have a campaign with Dydx in future
According to the chart and to the trend of market , you can see the market is moving to have some correction and need to recovery itself then its ready to continue the route as the trend wanna go .
This route that we can drwan on chart it can be the movement of the price to re-test again the support zone in the bottom (Blue box) and until the price is not broken the second key point level the trend is moving in downward and when this key point is broken the trend can be change to the upward.
If you wanna take position and buy or sell, check the chart with your own analysis and use your own strategy
Previous analysis :
Good Luck
Abtin
CAKE FULL ANALYSIS...!Cake has taken back a very important level (green box). Therefore, good growth can be expected from it. Of course, market conditions must also be considered. Be very aware of the invalid level.
CAKE is bullish$CAKE is experiencing the retracement after the explosive movement to the upside. Fibonacci 0.5 level stopped the connection and now bullish movement is expected to continue and reach the resistance level at 7,4$
CAKEUSDT - SETUPCAKEUSDT price given a strong breakout and now retesting that level. Bulls are active after a long time so we are expecting that they will try to build a good momentum towards the upside.
Pancake Swap (CAKEUSDT) TA: 22.2.27It has lost significant support and is declining in the downtrend channel. If the support is broken, $ 5 can fall to the bottom of the channel.
⚠️ This Analysis will be updated ...
👤 Sadegh Ahmadi: @SDQ_Crypto
📅 27.Feb.22
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better
cake/usdHello friends
The cake's currency code formed an AB = BC pattern that retreated 61.8% of the A wave. Therefore, I conclude that the price target could have been 1.618 BC wave retreat, which hit its target yesterday and today the market had a good reaction to this area, which caused a 20% growth of this currency code. Cypher is approved with a target range of $ 25 to $ 26.
what is your opinion ?
CAKEUSDT (PancakeSwap CAKE) 18-2-22 to 17-3-22 Midhigher RangeCake/usdt midhigher timeframe range, This range is fairly new and it formed a new bottom than backed up. as the range is new with a new bottom price can be pushed from these zones to a retrace point but that depends if market see's money coming into alts and peoples shows their to their ol cake. their are no logical profitable intraday setup showed up yet until march 16 2022. but this range did provided 2 swing positions.
cake just woke upBroke through diagonal resistance with low volume, showing very little sell volume is there, if buy side continues, we are likely to start upside targets near 200ma and up to $17
keep staking!!!
cake looking goodcake looking good down here to accumulate
will be buying more if dip down more but atm its at a great price to buy
PancakeSwap CAKE Price Targets and Stop LossCAKE/USDT
Entry Range: $5.44 - 6.51
Price Target 1: $7.25
Price Target 2: $8.85
Price Target 3: $10.50
Stop Loss: $5.40
#CAKE Massive Breakout coming ?Cake Testing trendline resistance and trading at the same zone from which it gets launched in Feb 2021. Its good to buy some Cake for long term hold considering its the significant part of bsc chain.
Hold Period - 3 to 6 months
Targets - 7.1 - 8.5 - 9.8 - 12 - 15
CAKEUSDT-LONGBased on technical factors there is a long position in :
📊 CAKEUSDT PancakeSwap
🔵 Long Now 6.37
🧯 Stop loss 5.80
🏹 Target 1 6.75
🏹 Target 2 7.65
🏹 Target 3 9.20
💸Capital : 1%
We hope it is profitable for you ❤️
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cake looking goodcake is looking great to accumulate down here,
could potentially be close to breaking the down trend
Bulls are consolidating CAKE price in preparation for a rebound The CAKE token has a vital support level of $5.50, and the current price of crypto is struggling to close the daily price candle above $6.7 level, then the neckline of double top formation ($4.6-level) may act as an immediate resistance level.
Stoch RSI is still in the bullish territory; will it affect the current trend?
The CAKE token price has been moving downwards in the RedZone of super trend indicator as well as the price is below the EMA Ribbon in terms of the daily price chart. The bulls need a robust bounce-back move. Moreover, the 200-line is far above the current price.
The Stoch RSI is expanding towards the overbought territory over the daily price chart, where the k-line is at 81 and D-line is at the 66-mark.
Conclusion
The PancakeSwap investors have to keep patients for a good return on investment. The crypto price may generate excellent returns above the $9.0 level.
Support level- $5.6 and $5.0
Resistance level- $7.5 and $8.5
CAKE/USDT LongCake Trend Lines Buy and Sell Support And Resistance Available
While trading Keep track the Bitcoin Activity
Bitcoin Movement Will effect Trend Lines
Drop Comment and Like
$CAKE is in Phase B of the Wyckoff Distribution Pattern | MoonYou can learn about this method on Google to know it in detail
My chart says it all, right now this is the best entry point for $CAKE
$CAKE is a defi platform whose homepage is pancakeswap.finance
The benefit of owning $CAKE is that you can deposit it in stake to earn profits until $CAKE reaches ATH
Profit up to 5% / 1 month. Pancakeswap is the largest DEX on Binance Smart Chain, you can rest assured about it
CAKE going to break the triangle soonPancakeswap is taking its time to consolidate as well as DOGE ( I did an analysis for that too ) and it's a matter of days that it's going to break the triangle.
The volume is growing so it's enough signal to me that we are going to break up rather than down.
Doge is time to waking up! Target for me in the long terms (6-8 months) will be 0.8 cents.
CAKE raise up 25-50% soonfollow us to get best profit of the market.💎🔥
CAKE will give us 25% profit soon.🤩😇
