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Cakeusd

CAKE Approaches Major Resistance Zone-Cake has risen 23% over the last week -Price has been respecting an ascending channel the last 2 weeks -30MA continues to hold as support Pancake Swap has been a laggard over the last few weeks as it has still yet to break over its major resistance zone (shown in grey). After much hype around this platform in April & May, the talk has since died down, along with the price. With the general market flashing bullish signs the last few weeks, we can assume CAKE will soon make its way higher to levels traded at earlier this year. The technology along with CAKE brings great utility & as long as the usage of the platform continues, the price will reflect it. Over the course of the last month, CAKE has firmly bounced twice off its major support of $11.00. This printed a clear cut double bottom, which is bullish sign that prices will not go below that mark for some time. CAKE has been stuck within a bullish ascending channel the last few weeks that has brought prices up nearly 62% from its low set in late June. Bulls must now break & hold the major resistance zone of $17.20-$18.20 to really see some large price spikes. Throughout the ride from $12.00-$17.50, CAKE has been held up by the 30MA. This mark is good to reference over the next few days as a break below this will likely trigger a short term bearish trend change. This MA is also near the bottom trend line of the ascending channel. Both of these marks must hold or CAKE will revisit $15.66 & below. While looking at the RSI, we can see that strength has been hangin out above the 50 value, continuously peaking into the overbought territory. For the past few weeks, the RSI has been holding above a support line which is shown in black. Strength must continue holding this support to be in position to break over the major resistance zone. The MACD has been trending sideways for nearly 15 days which indicates some bigger move is on the horizon. A break to either side will trigger price to follow. CAKE Intraday Analysis Spot rate: $17.58 Trend: Bullish Volatility: High Support: $15.66 Resistance: $18.25
by CoinGape
4
PancakeSwap (CAKE) - July 18Hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (CAKEUSD 1W Chart) If the price holds above the 9.0760290 point, it is expected to maintain an uptrend. However, since the support section is weak, it is recommended that the price rise above the 16.1961041 point and maintain the price. (1D chart) If the price is maintained in the 9.3962999-17.7234416 range, it is expected to turn into an uptrend. However, if you touch the 9.3962999-10.8786252 section, you have to watch for a sharp rise. If it falls from the 9.3962999 point, it is expected to enter the mid- to long-term investment area, so you should also think about it. In order to continue the uptrend, the price must rise above the 20.4991555 point to sustain the price. ------------------------------------- (CAKEBTC 1W chart) If the price is maintained above the 26870 satoshi-34500 satoshi range, it is expected that the upward trend will continue. (1D chart) If the price is maintained in the 40530 Satoshi-53580 Satoshi section, it is expected that the upward trend will continue. If it falls from the 40530 satoshi point, it can touch the 20950 satoshi-27480 satoshi section, so Stop Loss is required to preserve profit and loss. However, since you can touch the 26870 Satoshi-34500 Satoshi section and rise, you should also think about preparing for it. ------------------------------------------ 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 the 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. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly as price and volume move. 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)
BINANCE:CAKEUSD
by readCrypto
3
💥CAKEUSD - TIME TO FLY TO $25🤪We have four credible support levels and four resistance levels too. If price break this trendline, then we ride to $25. If price doesn't break the trendline, we fall back to the lower trendline and ride long to $25. What do you think? Share your opinion in the comment section✍️ Please support this idea with a LIKE👍 if you find it useful🥳 Follow me to receive more updates on this pair🤙 Comment any coin you need my analysis or forecast on📈📉 Happy Trading💰🥳🤗 Thank you for your support!💓
Long
by PetrockFxTrading
4
PancakeSwap (CAKE) - June 14Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (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. ------------------------------------- (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. ------------------------------------------ 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. ------------------------------------------------------------ ----------------------------------------------------- ** 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)
BINANCE:CAKEUSD
by readCrypto
CAKEUSDT, Possible tasty long!Looks like CAKEUSDT is at a nice point for a long entry! Timeframe - h12 I have labeled in red the biggest spikes on the VPVR indicator. The POC is $27.201. We are currently about 53% away from the POC, and about 108% away from the highest VPVR spike. Stochastics have room to rise We are re-entering my EMA band right around the .236 fib level. I generally use fib levels to help make my entry/TP/exit points. Don't forget to take profit! Pay yourself! I love you all, Sangbagner
Long
by UnknownUnicorn16206213
2
CAKE / USDT Recently Added Coin on BinanceCoin for local work, breakout entry or pullback after a downtrend breakout. Group 3. It is worth adding that the usual practice is used, the price on low-liquid exchanges is accelerated by burning money and the Binance exchange is added at the very top of the pump. The maximum price on the market was $ 18.9. Now there is a pullback and the price is $ 10.9. But the humor is that tradeview doesn't show charts for small exchanges. On them, the price was 14 times lower recently than the price now at the "bottom" of the Binance exchange. There are a lot of inexperienced traders on the Binance exchange who will buy "at the bottom", therefore, you can make money on this. When large market participants drop their positions, for this you need to generate a wave and interest from speculators and investors, you can make money on this. An example of such coins that gave hundreds of percent and were added to Binance at more than 10 times the price when listed. For example, here is this coin, for which I made a trading idea for which the profit was more than + 700% at the moment. And for manipulators 267X!!! + 735% since the publication of my trading idea, and for "conspirators" ( manipulators+Binance ) more than 296X !!! The price is still in an uptrend.
by SpartaBTC
10