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CAKEBUSD

CAKE/BUSD Support and Resistance ZonesCake has been performing well due to it's availability to farm, yield and earn steady(relatively) income. But in my opinion, right now it's not at the buying zone because it is kind of overvalued but yet, if you want to join to the trend, the possible buying zone is drawn on the chart with green circle, I reccommend buying %50 percent at that support level, if broken, then %50 more at the second and most important support level around $5 - $6
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by Kriptoteles
CAKE/Tether Trendiline breakoutLooks Bullish ! We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
Long
by CryptoTrend-Alerts
2
CAKEBUSD (CAKE) - POSSIBLE PRICE ACTIONS ANALYSIS 🔎 - CAKEBUSD is consolidating in a symmetrical triangle pattern . - A relatively big move is imminent. POSSIBLE PRICE ACTIONS - Uptrend ⬆️: breakout above the symmetrical triangle's inclined resistance and the horizontal resistance level (R1). - Downtrend ⬇️: breakdown below the symmetrical triangle's inclined support and the horizontal support level (S1). TARGETS 🎯 - Uptrend ⬆️: Horizontal resistance levels (R2, R3, R4). - Downtrend ⬇️: Horizontal support level (S2).
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by Chibuike_Odoh
Long setup CAKE/BUSDPrice is currently forming a descending triangle pattern however this move is considered to be a physiological correction due to the recent pump and historical top creating an almost 50% drop. Currently the price has found some support on the 0.618 Fib, and we can see that the selling power is getting weaker as a bullish divergence is forming on the MACD negative histogram. Final Long setup confirmation would be at breakout and retest of descending triangle however we could also expect no retest as it is a pretty common situation in crypto markets to see breakouts without retests. Hope you like it :)
CLong
by stefanoglisci
4
🆓PancakeSwap/BUSD Analysis (27/2) #CAKE $CAKECAKE is moving sideways around 11.5$ zone and with the support of MA50 line of 8H timeframe so we can expect a recovery from here to 14$ zone in the next few days. 14$ zone is very important and a selling force may be exist here to dump it to 7$ zone. But if CAKE conquers this zone successfully, CAKE will move up to 19$ zone easily 📈BUY -Buy: 11.2-11.8$. SL if B -Buy: 13.7-14.3$ if A. SL if B 📉SELL -Sell: 13.7-14.3$. SL if A -Sell: 18.5-19.5$. SL if A ♻️BACK-UP -Sell: 11.2-11.8$ if B. SL if A -Buy: 6.7-7.3$. SL if B ❓Details Condition A : "If 8H candle closes ABOVE this zone" Condition B : "If 8H candle closes BELOW this zone"
CLong
by CryptoStation
1
CAKEUSDTThis is my first look into PancakeSwap token also called CAKE Launched on Binance Smart Chain . The hottest blockchain right now. It made an ATH on debut on Binance exchange of $18 Been on a downtrend ever since to find balance, solid base where it can begin a definite move. I guess many FOMO'd buying top on launch, while whales traded gains on Long and Short . Downward trend found balance at near $10. Volume show down trend accordingly. RSI similar trend since launch. Major Milestone on chart for CAKE to work out . Once overcame, it start ascending journey. Hopefully BTC does not pressure it to break below $10. Overtime CAKE is good choice. Follow 🚶 Like 👍 Share your thoughts !
Long
by CryptonKidd
4
We all know that March is coming. But what about the new #DeFi?It's true. We all know that historically, March is a bad month for $BTC and the crypto space in general. But, could this be different for the new (and probably much more stronger) wave of DeFi platforms ? The Binance Smart Chain came to stay, that is out of the question. Also, we've seen a huge rising on the use mainly due to the failure of Ethereum and their Gas Fees. Pancakeswap has been working on expanding their presence and so far it's going smooth. Their Idea of bringing NFT's, plus a gamification based in profile, earning points by completing tasks, among other things is a well placed strategy for the booming in the following months. Based on that and on some well-know flag patterns I see that $Cake will see a new ATH soon. Will you stack your pancakes? 🍯🍯🍯🍯🍯 Hurry up!
CLong
by BitBMEX
1
CAKE's pump is awesome!...is there another 100% pump coming?Hello Traders! Wow, what a serious pump from PancakeSwap's native token CAKE, wish I was a part of this earlier. But as they say, the trend is your friend, until it isn't ;) I know I am posting this one a little late re: the entries but even now, the entries and setup remain valid and price has been accumulating in our entry zone. Volume on this pullback is decreasing and the Correction Channel is picture perfect with the Median Line bounce. This has set up to be quite a high probability trade! Entries below... ENTRY 1: 14.9 (already triggered) ENTRY 2: 13.7 (already triggered) STOP LOSS: 12.25 TARGET 1: 24.5 TARGET 2: Trailing Stop Let me know if you are joining me in these trades! The R/R is definitely worth it and I hope some of you are finding value within these posts. Happy Trading, always manage risk.
CLong
by SmileyTrades
CAKE/USD - Have you seen RSI at 100 before? Here it is!🚀Look at this chart... what do you see? 20x in 1 month... RSI at 98... holy #@$%. This is a testament to the DEFI growth on Binance Smart Chain and BNB also shows a similar growth in January/Feb... BNB is now 3rd largest coin if you exclude USDT. From a technical perspective, MACD is as bullish as it gets... RSI is curving slightly as does volume. So I expect some form of sharp correction to cool-down this rally at some point. I do not know when this can happen as this can continue to go up as long as adoption of BSC, BNB and PancakeSwap continues to grow exponentially with refugees from ETH network that are sick to pay $50 for a swap. Quite an unique chart. Congrats if you bought under $1. Like and follow if you liked this idea! Also join my crypto community to stay in touch!
CLong
by DU09
9
CAKEBUSD - Quo Vadis? Bullish Idea - 225% up?Ok friends, time for an update. I do not have a pro account, hence, publishing my updates separately. - RSI Bullish - MACD Bullish - Broke the trend line and we wait for a retest here The targets seem crazy at first, but this one seems to follow sushi, uni and co. IFO listings, lottery, farming, staking, swapping. A good alternative to uniswap with small fees. With a little bit of volume this baby will blow through the resistances. Watch!
CLong
by europoor
4