CAKE (pancakeswap) price analysisCAKE (pancakeswap) can move like this as it is hovering around a support level.
Cakeusd
CAKEUSDT , We should sell now because ...Hello everybody
According to the chart we shown it , we are in downward trend and we had fall down price suddenly but the momentum of the movement is becoming weak to fall more and more , we had breakwave and now its seem the correction of the break wave is done and ready to retest again the bottom that made .
CAKE is one of the most powerful token in DeFi base , and use BSC and BNB for trading , Do you know what does it mean ????
Dont forget use stop loss and observe money management
Good Luck
Abtin
CAKEUSD - 1D - strong move expected soonHello guys,
According to the tight bollinger bands, i expect a strong move soon on cake.
Price is currently above 0.5 fib level.
Furthermore, this one as been moving inside a big consolidation triangle since a long time...
Depending on BTC (strong downside move) we could see a retrace to the lower fibonnacci levels (0.618 / 0.786). Resistance levels are shown with the red lines.
NFA
#CAKE will moon soon | #PancakeSwapHello Padawans,
first of all, do not take this as a piece of financial advice.
The cake is a token that is built on #BinanceSmartchain, and the cake token is based on #PancakeSwap.
PancakeSwap is the main swap for BSC.
Now they have so many fascinating functions in Pancakeswap.
A Swap
A Pool
A Farm
A Launchpad and so on.
TA about the cake you can see as the image I have shared.
Let's watch what will happen next to the cake.
Cheers.
May the force be with you.
PancakeSwap (CAKE) - November 18Hello?
Welcome, traders.
By "following", you can always get new information quickly.
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Have a nice day.
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(CAKEUSD 1W Chart) - Mid-Long-Term Perspective
Above the 9.0760290 point: the uptrend expected to continue
Above 15.1757179 point: Expected to create a new wave.
(1D chart)
It must move above the 19.0812658 point to turn into an uptrend.
If the price is maintained above the 15.1757179-16.1961041 range, a move is expected to move upwards above the 19.0812658 point.
If it deviates from the downtrend line, it is expected to rise.
First resistance section: 19.0812658-20.0044522
Second resistance section: 29.5050311-32.1525450
First support section: 15.1757179-16.1961041
Second support section: 9.0760290-10.8786252
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(CAKEBTC 1W chart)
Above 0.0001652 point: expected to continue uptrend
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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.
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** 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 MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** 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.)
** 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.
(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.)
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CAKE/USDT Symmetrical triangle. The price is at its resistance.The area of level 18 has become a support zone. There is a local accumulation in this zone under the very important trend resistance (red). Symmetrical triangle with a base of 350%. Also do not forget about false breakdowns. The price is at its resistance. Working with this triangle resistance (resistance to the main trend).
PancakeSwap (CAKE) coinmarketcap: PancakeSwap (CAKE)
cake/usdTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
cake update after breaking first supporwe can open our position when we see a good candle on the support area !
" look for the price action "
cake on the roadits time to buy the cake , we have a nice support area and u have to way to open your position ,
first : when the price is on the support line ,
second : when the price break the top resistance
" have a good trading time "
CAKE/USDTOn a daily TF, the price floor of CAKE can be around $17, and you can enter at this price. The price is in the range, and it is at the bottom. If the market grows, the targets are $20, $23, and $26.
Cake is ready for next leg upCake is moving in a parallel channel and is at the bottom of the channel, best spot to buy. This will go back up $50 soon.
CAKE/USDT Ready to Half Century ( $50 )#CAKE/USDT TA Update:-
$CAKE currently broke our resistance and Converted into Bullish zone.
Best Entry : $18.50-$19.90
Targets:- $26.72/$43/$80
Stop Loss:- $17.20
Support:- $18.70
Resistance:- $26.72/$43.20
Prepping to eat some juicy cake.Price being squeezed into a triangle here.
I think we tap the support at just below $18 where we've wicked from multiple times recently.
a break of the descending trend and the triangle is sure to take us to $25.
Golden ratio fib zone coincides with the support level
Buy some Cake, Nov 8CAKEUSDT downward trend is broken
I expect another Higher High somewhere around $30
You can see all the important resistances on chart
CAKE; buy or sell?CAKE has been consolidating nicely at around 20 areas.
I think this area for CAKE is a solid foundation and the price will have a HUGE pump soon.
With recent BNB's price action I wouldn't be surprised to see CAKE touching its ATH but more realistically it first has to push to 23-26 resistance zone and then break out of that area. Keep on staking!
🔥 CAKE / USD — PancakeSwap Trading 🔥 Breakout for x2!Today Cake breaking out from Bullish Wedge pattern. Right now price near $20 price level. It is better to use 20-18-16 zone to buy CAKEUSDT and take this setup.
My targets at 26-32-34-40-42-44. Long term possible 60-64.
CAKEUSDT making a bullish breakout* Cake in Daily time frame appears with Descending triangle, with it's resistance as above trendline and the support zone around $17.
* Descending triangle is considered to be either trend continuation or trend reversal pattern depend on the breakout.
* If CAKEUSDT breaks it's above resistance, we can expect bullish momentum.
* Price is bearish below support.
Is the cake coming back?Given that BNB is so close to ATH , You can buy here cake for the specified targets if it breaks the trendline.
