CAKE (Pancakeswap) completed its third push to the upside and rendered four Daily candles in a row with large wicks on the top. Today's close marks the fifth. Does that mean we're in for a drop? How do we trade this? 🤔 I believe a pullback here is imminent. That doesn't mean a short is justified, we are in a bull trend and our bias should remain long. However,...
CAKE is crawling sideways in between a bull channel and above the Weekly Resistance. The price hasn't been able to break above the 30EMA nor has it broken below the Weekly Support. How do we trade this? The overarching trend is bullish, so we should set our bias to long. The price is establishing support at the previous Weekly Resistance, so it's reasonable to...
#Cake in it's #BTC pair broke out the dynamic resistance and it is buy opportunity Targets and stop loss are available on the chart
Market just finished 1-5 Elliot wave bearish and broke out of an downtrend, going up it created high volume institutional candle, we are forecasting to see a pump up retrace to our institutional candle and rise to 15.80 zone. Entry: 9.94 (After retrace) Invalidation: 8.73 (recent HL below buy zone) Target: 15.80 R/R Ratio: 4.84
CAKE has been in a downtrend since ATH, the bottom could be in. The price is also at an all-time low currently. Boilinger Bands indicator show a breakout at 7,50ish. If price movement could break through 9,00 resistance, we will see an uptrend. Combination of breakout on Boilinger Bands and resistance level could be huge. Fundamentals: Pancakeswap (CAKE) is the...
Next targets: 23.3 - 27 - 31.5 - 36 - 38.5 - 40 - 42.8 - 45 - 66.5 - 101 - 136 - 158
The cake is broken and ready to bake. Currently, due to the increase in the bitcoin range and its movements, all altcoins will be affected by it. The analysis is just a series of probabilities. I hope you find this analysis useful🌹 Follow for more...
Buy the break above 200MA! The breakout is also supported by the formation of a falling wedge that price has broken out of Created a trend for price to follow
I'm just a beginner chartist but I cannot ignore this double bottom pattern potentially forming. If the red dynamic resistance line is broken with some volume (and retested) then a break above the purple neckline may be in the books, followed by a break above the last support turned resistance. If then that level is retested and it holds then we are looking...
Breaking out short term downtrending line... stabling here leads to good news
We 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
I 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...
Based in trend-based fib extension, we have the next targets: First target: U$40 Second target: U$60 Third target: U$85 Fourth target: U$100 Cake need close above U$22 to confirm the next movement.
CAKE has been taking a breather the last week, but could be ready to start moving again. It has multiple bullish signs. Still within this ascending channel since March. Bounced off the lower trend line, forming a bull flag and a hammer candlestick. If it stays within the channel we can be hitting $65-110 in the next of couple weeks, while a break above could...
Greeting from IRAN to whole trading community ✔💙 CAKE is moving through an ascending channel since 21st March CAKE could maintain in it's ascending channel unlike most of the market that lost their bullish momentum after that massive sell-off has occurred in market CAKE is above its major support 26$ As long as it can stay above 26$ , we expect from CAKE to rest...
Cake has been holding it's support at $19 as Bitcoin has been dropping to $54-55K. Yesterday it hit the support trend line and bounced straight up to $25 but it has now dropped back down and held a strong supporting price. I see $CAKE consolidating for maximum 7 days before it exits out of the triangle and hitting a new ATH. Take profits at: $TP1: $25 $TP2:...
Cake/usdt Had an amazing run a few days ago over 70% pump which was tremendous .1 personally can see cake at 30$ before may,Futher a Cup and handle confirming it gives us more confidence in it . We could also Presume it as a Bull flag. And the target would still be Astronomical.i would like to see the breakout of the neckline In the next few days.further btc...