CAKEBUSD (PANCAKESWAP) - BULLISH SETUPANALYSIS 🔎
- CAKEBUSD is on a mid-term uptrend supported by the ascending trendline support.
- The market hit an all time high (ATH) and retraced.
- Price is retesting the flip horizontal support, the ascending trendline support and the key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- There's a relatively high concentration of buyers at this zone.
- The retracement is resisted by the descending trendline resistance.
- Breakout above this descending trendline resistance could be an uptrend continuation signal.
BUY ENTRY ⬆️
- Aggressive entry : the key fibonacci retracement zone .
- Conservative entry : breakout above the descending trendline resistance.
TARGETS 🎯
- All time high (ATH) resistance.
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending trendline support and 0.786 fibonacci retracement level.
CAKE
CAKEBTCHello to you all. Mars Signals team wishes you high profits at all times.
If the line breaks and stabilizes above it, we can enter into a deal for the above purposes
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
CAKE/USDT 1H broke our and now entered in Bull zone#CAKE/USDT LTF TA Update :-
$CAKE currently broke out 1H resistance line and entered in Bullet zone.
Our entry also filled at $28-$29
Now in Profit.
My Targets still the same.
Targets:- $40/$44/$50/$61
1H support:- $30.60
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Cake-USDT updateAt the base of uptrending channel and near to mid of downtrending channel... higher prices is estimated...
MY MINIMALIST CHART ANALYSIS for $CAKENOTE THAT THIS IS $BTC PAIR
This is not a piece of Financial advice, I am looking at an entry point for $CAKE within the price range that I am comfortable with, that I think the bulls will be interested in.
CAKE/BTC Ready for Breakout...?#CAKE/BTC TA Update:-
#CAKE currently trading at 6200 satoshi
I am waiting for the break-out Upward side.
Waiting Resistance line break out.
After we can see skyrocket.
So I am accumulating some #CAKE here and waiting for dip also.
Entry:- 6200-5600 Satoshi
Targets:- 7238/7983/9000/9877
Stop Loss:- Will Update
Support: 5900/5600
Resistance:- 7238/7983/9000/9877
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CAKE/USDT 🍰Hey hey my friends 👋
Cake, aggressive entry here, looking for these moving averages to converge and push price up
$CAKE to 50$$CAKE's new Deflationary Mechanism Lowers Generating New $CAKE's.
It was 40 Earlier and now It's 20.
CAKE Compounding Rates are getting lower but Circulation is getting lower.
twitter.com
CAKE - Best purchase price impossibleWe are at the best price to buy or at the beginning of a bearish market deepening.
To sum up: if you buy, be cautious if you own, keep your fingers crossed that a new rally is coming.
MANAGE YOUR RISK! The loss you take in case of failure should NEVER be more than 2% of your total capital. NEVER. You invited to share your vision in the comments. Thank you
💡CAKE: BUY Trade🚀🚀🚀🚀🚀🚀 #ALTSEASON2021📈#CAKEUSDT
➡️Entry: 31.5$
🎯Target 1: 40$
🎯Target 2: 65$
🎯Target 3: 100$
🔥 CAKE Reversal From SupportCAKE has seen a lot of bearish presssure since early May. Gradually this coin has been declining over the weeks, with the biggest drop being last night. The drop last night stopped around the area of support drawn on the chart, which in turn causes a strong reversal of the price at this moment.
Since BTC is being unpredictable, be aware of any drops in price.
Happy trading!
CAKE/BTC Bullish DivergenceRSI momentum bullish divergence.
Price = LL
RSI = HL
CAKE has hit the pre-marked 4H demand zone that preceded the rise beyond its ATH.
Bounce coming.
