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Cakelong

CAKE: Breaking The SupportGood day to all profit makers If you find my charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you! If we break through this support we can see a nice possible buy setup unfolding. - Consult the chart for more information. - On the chart, you will find possible support setups -This is just an idea, the price might go up or even further down - The market is extremely volatile. - Trade with care - Note: - This is just my current idea. - I am not a financial advisor and this is not financial advice! - The timing of this chart will most likely not be accurate - There is always a huge chance of different patterns taking shape in these ever-changing charts. - My views and charts can and most probably will change. - I can be 1000% wrong! - Important: - Trade responsibly. - Respect your wallet - Greed is never good - Be focused. - Have a plan. - Stick to the plan. - No FOMO. - Take the time to study YOUR own charts and come up with your own ideas as you are going to trade with your money. - Never trade what you are not willing to lose - Remember Stop-loss is your friend. - Smile! - Good Trading and Good Luck If you find my charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you!
C
by dstvst
PancakeSwap (CAKE) DeFi Play on Binance Smart Chain (BSC)Hi Folks, after a longer period of focusing on my trading I am back with some ideas. Not sure you are familiar with the Binance Smart Chain (BSC). Basically it is like the Ethereum network, but with appropriately low transaction fees. PancakeSwap is a Binance Smart Chain-based DEX (decentralized exchange). I wasn't really aware of it until the recent Binance Coin (BNB) and CAKE price surges. . I have produced these four views on CAKE for you to use / copy if you'd like. Top left is the USD chart. CAKE has lost 30% of its value and if you believe in it being currently the better (way less expensive) exchange solution compared to UNI, MAKER, SUSHI & COMP then this just may be a good time to start or extend your position. Bottom left is the EUR chart. Top right is the CAKE vs. Uniswap (UNI) ratio. This ratio shows that CAKE has been losing value against UNI, but it appears a support level may be forming for it to attack UNI again. Bottom right the same style ratio with SushiSwap (SUSHI), same view as on UNI. Looks like a support level is forming. CAKE is number 8 in the dappradar rankings in terms of total balance and has had a phenomenal growth in terms of volume, users and transactions over the last 30 days. With Bitcoin likely taking a breather today and tomorrow below $60k and only maybe sneaking up to $60k next week there seems to be a likelihood that the overall market will be drawn down as well. It may also be the time for altcoins to shine and may give CAKE an opportunity to catch up with UNI and have a fantastic gain. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
Long
by CarpeMomentum