CAKEBTC How do you like your CAKE?CAKE continues to bounce off the support marked in white.And with NFT auctions few days away... it is a safe bit for me to ride.
If CAKE breaks the support, it is an easy stop loss upon retest.
If CAKE's next leg is up, then the target is set as per the previous leg down.
Cakebtc
PancakeSwap (CAKE) - June 14Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(CAKEUSD 1W Chart)
Careful trading is required as the chart has not yet completed a single wave.
Accordingly, it is important to keep the price above the 15.1757179-20.0044522 interval.
(1D chart)
It needs to find support at least at the 17.7234416-20.4991555 range to convert into an uptrend.
If it falls from the 15.1757179 point, you can touch the 9.3962999 point, so you need a Stop Loss to preserve your profit and loss.
This is an important section with several lines passing through the section 15.1757179-20.4991555.
If it climbs in this section, I expect it to touch above the 26.0505834 point.
However, if it does not rise above the 26.0505834 point, it is highly likely that the downtrend will continue, so trade cautiously.
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(CAKEBTC 1W chart)
Careful trading is required as the chart has not yet completed a single wave.
Accordingly, it is important to keep the price above the 0.0002687-0.0003450 range.
(1D chart)
We'll have to wait and see if we can cross the 0.0004053-0.0005358 section.
In particular, we should see if we can break out of the downtrend line.
If it falls from the 0.0004053 point, a Stop Loss is required to preserve profit and loss.
However, it can touch the 0.0002903 point and move up, so you need to trade cautiously.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
Bidding for CAKEI am working here on my perspective that best Alts to buy in a major dip (or bear market) I see are Alts that provides returns on staking or launchpads. Because eventually the more you HODL the higher the reward. And it becomes more affordable to accumulate them cheap for higher rewards.
Here comes CAKE with 77% rewards and 41% staked already.
Bid is placed at 1D 200EMA support.
Cake coin AnalysisHey Guys
I make a simple cake chart in which you guys can see 2 patterns.
If these patterns break we can make a lot of money from cake coin we can easily expect a new ATH of 0.000054 BTC
But keep in mind the market is volatile so if these candles break down the patterns then we can expect the Cake to go down to 8$ to 5$.
If you have any idea about this analysis comment down below.
#DYOR
CAKE - Important accumulation zone before being bullishThe price is trapped inside the 20 and 50 averages, this zone must be broken to confirm the trend (bullish or bearish).
Basically we continue with the same idea presented previously.
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
PancakeSwap (CAKE) - May 26Hello?
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(CAKEUSD 1D chart)
We have to see if we can get support in the 17.7234416-20.4991555 range.
In particular, we have to see if we can get off the downtrend line.
In order to turn to an uptrend, it must rise above the 22.7592469 point and gain support.
If it falls below the 11.4213659 point, it can take quite a long time to rise, so you need to trade carefully.
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(CAKEBTC 1W chart)
(1D chart)
4053 Satoshi-5358 We must watch for any movement that deviates from the Satoshi section.
In particular, it remains to be seen if it can rise along the uptrend line.
We have to see if it can rise above the 5358 Satoshi point in order to turn to an uptrend.
In particular, we have to see if we can get off the downtrend line.
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It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Market price at the time of opening
(Example) Gap (G1-G2)
CAKE - Precise as a Swiss watchWe need to break the bearish channel and the resistance zone to be able to go bullish.
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/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
Please click the like button and Appreciate my hard work.
Must follow me for the latest crypto real-time updates.
Thank you.
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
Please click the like button and Appreciate my hard work.
Must follow me for the latest crypto real-time updates.
Thank you.
Cake, explosion loomingCake has been forming a falling wedge since its last all time high versus bitcoin. Although I expect an earlier breakout, I showed the most conservative target on the chart, took the initial point of the breakout from the lowest point of the wedge. Having an RSI divergence strengthens the bullish chart.
Cake looks strong, both fundamentally and technically. Breakout is inevitable.
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