Cakebtc
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.
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Have a good day.
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(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.
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** 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
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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, 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
$CAKE/USDT Ready for 100% profit...?#CAKE/USDT TA Update:-
$CAKE is looking good at this level.
I am buying here some $CAKE
Entry:- $27-$30.50
Targets:- $40/$44/$50/$61
First $37 is big resistance right Now.
If breakout this resistance then we can see $60 also.
I am accumulating $CAKE at every big dip.
Support:- $28/$21
Resistance: $40/$44/Moon
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Ready For The Next Cake Party?🥞/Super Bullish/Previously on Cake:
- Just broke it's bull flag.
- Retest successful
- Rsi forming a good trend
- Follows Bnb and Bnb mostly follow BTC / BNB is very bullish moving up to $750/
Episode2
*Cake was resting in bull flag after the party!
*Hangover mode of the cake is going away!
*I fell bullish for the next few weeks.
*LET'S FIRE THE SECOND ROCKET.(There will be more rocket to fire)
It's always good point to buy cake but If you are looking a point to buy more just wait for few drawbacks to the up trendline and buy it! /Deff. Not financial advice/
Follow if you like and wanna see more updates on cake.
How bullish is the cake-🥞🥞🥞🥞🥞🥞🥞🥞🥞🥞🥞🥞🥞
CAKE/USDT Ready for uptrend and $70 Potential form here#CAKE/USDT TA Update:-
$CAKE currently trading at $37.80
And $36 is very strong support to hold bull.
Entry:- $36-$37.85
Targets:- $43/$50.60/$58/$70
Stop loss:- I will update with trend.
Support: $36/$32/$28
Resistance:- $43/ Moon
Please click like button and Appreciate my hard work.
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Thank you.
CAKEUSDT --> Missed the CAKE party? Try this entry!PanCAKEswap has been seeing some explosive growth. Here's me back at $16 with a ton sitting in a syrup pool wishing I just had of...
haha, isn't the crypto life just full of near hits and misses?
If you missed out on the CAKE party, here's some ways to get a seat at the birthday table. Its a classic case of the FIB support play. If we come down further, have a buy order set for either of the 2 green buy zones I have charted. Being active in these trades with a stop limit is ESSENTIAL.
Do not floopflop around with this trade idea if you aren't using a stop limit, that would be crazy.
Until further patterns develop, these are some decent plays.
Lastly, be careful over the next few days, BTC isn't exactly out of the woods, we have some major resistances to break coming up and there's a chance at all of them that we experience what we did today, a VERY sharp rejection.
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CAKE TRADE
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BUY: $34.5 OR $32
TARGET: $44
STOP: 5% BE TIGHT WITH IT!, when catching a falling knife you gotta be careful, otherwise it may just go straight through your hand!
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Fundamentals
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Rank #25
Market Cap = $6,200,866,276
DEFI
Supply: 160,447,894
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*Tokenomics are good, they burn lots... actually they may be really good tokenomics. I have used the dapp a bit, they always adding new things. Very active project. Is it worth $40? is it worth more? ... if we assume further growth in crypto... defi is a massive sector... yeh look maybe $100 for CAKE eventually?
CAKE/BTC Bearish Divergence - RSI & volumeTaking profit on CAKE/BTC after a 220% rise from entry. Yes, we broke its previous ATH, but there are two good reasons for being bearish.
1) Bearish divergence across the board (volume & RSI).
2) We should backtest that previous ATH (red line) as support. BTC, ETH, and others consolidated around their previous ATH's for a while before making another impulse up. I am expecting the same to occur here.
CAKEUSDT --> exploring price upwardsTried to catch a few falling knives recently with BTC dumps, CAKE is one I caught, whoever got it at $22... THUMBSUP!
The question here is to take profit or continue this potential ride. We have sold a lot with BTC, if we were to go sideways here for a bit, it makes sense for CAKE to hit $30, that will just be the nature of how ALTS react to neutral or bullish BTC price action.
Since this is unexplored graph for CAKE... maybe we see some serious buying?
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Todays VET Trade
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BUY: Opportunity is gone most like, but the buyback is on the trend line... which would be an honestly very nerve-racking buy! (it would imply, in the short term, horrible news or BTC dump to 41k)
TARGET: $30, may let it ride at that point
STOP: $24
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Fundamentals
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Rank #30
Market Cap = $4,420,518,991
DEFI
Binance's DEFI solution. Very very young product, does have lots of updates coming..
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