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CAKE

My idea for CAKE/USDT in the coming days/weeksI can see a bullish flag on the CAKE/USDT daily chart: prallel descending channel after a long price explision. No RSI or MACD divergence (higher highs on price and the latter 2 indicators alike) -> I expect no trend reversal, I am still bullish. Strong confluence: min/max price Fibonacci 0.618-level retracement aligns with default daily Keltner Channel bottom. Also a past resistance ($29.333) is almost touching these levels. Past resistance may act as support for this falling price. Checking the 4-hour chart a bounce upwards may be imminent. If it breaks the upper channel level, it may go up to ~$54. If I stick to the daily chart, I assume the price would go up to the channel top, bounce back to around ~$30-$31 then race up to break the upper channel level all the way to $53. Also the Fib-retracement level 1.272 level is ~$54. We will see how this works out.
Long
by LaiChee81
path to 50Cake is stuck in a consolidation pattern but looks to be in a bull flag Target (depending on how you read the flag pole) looks to be north of 50. I have my first target at the 2 fib level. Could go all the way up to the 2.618. I found a fractal that was right before this one that had some similarities with confluence to the same level the flag pole would tag us to. Of course, this all depends on the stability of the big boys ($eth and $btc) but this is definitely one that has cooled off and primed for another big move soon. Cake cake cake cake DYOR and GL!
Long
by DaCryptologist
CAKEUSDT - How to find a good CAKE entryCAKE and pancakeswap are trending hard right now, its a great defi solution that's innovative and has triple A backing in Binance. The common thought for most is, how can I get in on that profit?! One way to do it is buy low, sell high! In order to buy low, you need a good entry, luckily, I think I've found one! In todays video I go over how I find potential entries for profitable trades and apply it to CAKEUSDT === TimeStamps === 0:00 = Welcome! 0:35 = Patterns 1:20 = Fibs 5:20 = Resistances 7:30 = Price path 11:00 = Entry 12:05 = Stop limit 12:30 = Take profit 14:45 = Fundamentals 15:15 = CoinMarketCap 17:30 = Tradingview ideas 18:50 = CoinMarketCal 19:20 = r/pancakeswap
Education
by tommytoan11
CAKE, CAKEUSDT - two possible scenariosHello guys, Quick idea here The CAKE/USDT pair continues to move in a short-term downtrend. Now the bull flag pattern has reached the previous horizontal resistance (and our target from the initial call when the price was $22), which turned into support. From here I expect a reversal with the next target marked on our chart. The daily chart is in line with the consolidation pattern as well. So in brief, I think if the price stabilized around this area we will see an uptrend continuation and reach the $45 target, then make a pullback to $40, which will be turned into support. The more pessimistic scenario will be to break below the support and touch the lower boundary of the bull flag, very similar to what we had on April 18. Old idea here: Stay safe ! Cheers
Long
by FutureBlockchain
6
Cake (Pancake Swap) : Learning The Bull Flag PatternBull Flags (Shorter Term) Currently on CAKE:BTC we have a Chart Pattern called a Bull Flag forming. Which I have explained below & in the above chart. • BEST ENTRY IS often when price fakes out under support or above resistance • MIN 2 Touches each side • PRICE MUST MOVE STRAIGHT UP or DOWN BEFOREHAND (or it is not a true flag pattern • HIGHEST SUCCESS RATE of any chart pattern To identify a Bull or Bear flag pattern the first key characteristic is the FLAGPOLE. The flagpole is usually a staight upwards or downwards move, if the flagpole is not abnormally straight upwards/downwards then it is probably a poor example of the pattern. Price should then consolidate in a parallel channel (it can be sloped), this is the “flag”. The flag is a pause in the market before a up-move or down-move and we measure the flag pole for a possible price target. Bull & Bear Flags according to backtesting have the highest success rates out of any chart pattern - success rate being when they hit the potential measured move (the original flag pole height is measured, and added to the swing before BREAKOUT for a possible price target as shown in the diagrams). The first entry is on the 4th touch of the pattern. It is also common for these patterns to have a THROWBACK (also known as bullish / bearish retest) before continuing in the direction of the breakout, this is marked as point (B) on the chart and the second entry point. Look for bull flags forming on top of long term resistances (not below) and the opposite with long term supports on bear flags to increase probability of success also. ---------------------------------------------------------------------------- So while CAKE continues to form then breaks out and stays above this Bull Flag pattern we have a higher probability of strong upwards movement, we will need to see the price eventually claim the 6600-6800 satoshi area as support for this to have a chance of happening. See idea linked below for further education on Bull Flags. If you find this information insightful feel free to show your support by liking & commenting, thank you :)
Long
by Worth_The_Ri5k
2
CAKEUSDTthis alt has the potential to reach unbelievable values as fundamental but technically the bulls show complete dominance in the chart therefore we consider the last slippage as a correction and go for our targets safely another mean of publishing this post was introducing a token listing today (10th of may) in pancake swap in name of wealth locks (WLT) strongly recommend to hold it for more than 3 months for a great fortune current value is 47.13$ you can do your researches and then enter such a signal as our observer reported this token showed a healthy fluctuation and we are getting heavy in it with this value . . . if you entered like we did just head in private chat and discuss the values there 👉This idea has the confirmation of "advanced price action" 👉For more information don't be shy and get in private chat of trading view 👉Hit share and spread the information in public chats or your twitter for everybody to get profit
Long
by the-crypto-analyzer