Cakeusdt
CAKE MASSIVE GAINS INCOMING? BUY HERE$CAKE has been in a down trend since April and it is now breaking out with volume. All the indicators are showing bullish signs with every tf flipping into bullish from all smaller timeframes to the htfs till 12 hours are now bullish.
OBV turning green, MACD bullish, RSI holding and breaking downtrend, trendline broken and bullish harmonics.
I am taking entry here at market price $20.7 and will tp it till 22.65 - $34
Also, alot of developments has been going on CAKE with their NFT marketplace launchin I was expecting this breakout to happen soon and looks like we're ready now!
Good Luck.
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PancakeSwap (CAKE) - October 12Hello?
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(CAKEUSD 1W Chart) - Mid-Long-Term Perspective
Above the 9.0760290 point: the uptrend expected to continue
15.1757179-16.1961041 or more: Expected to create a new wave.
(1D chart)
First resistance section: 19.0812658-20.0044522
Second resistance section: 29.5050311-32.1525450 (psychological resistance section)
First support section: 15.1757179-16.1961041
Second support section: 9.0760290-10.8786252
It is important to maintain the price above the first resistance section.
Therefore, it is necessary to check if the price can be maintained above the first support level.
If it falls from the first support zone, it may touch the second support zone, so trade cautiously.
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(CAKEBTC 1W Chart) - Mid- to long-term perspective
1652 Satoshi-2070 Satoshi or more: Expected to continue upward trend
2687 Satoshi-2903 Satoshi or higher: Expected to create a new wave.
(1D chart)
First support section: 2687 Satoshi-2903 Satoshi section
Second support section: near the 1652 Satoshi point
First resistance section: 4174 Satoshi-4837 Satoshi section
Second resistance section: 6578 Satoshi-7068 Satoshi section
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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 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 MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Because it is not public, 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 through split trading. It is a short-term investment perspective.)
CAKEUSDT Technical Analysis
⏳ Spot
💎 CAKEUSDT has formed a symmetrical triangle. After the breakout it has gone for e retest and we see several rejections already. It is expected that it continues to go higher.
🌐 Tradingview
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 18.50
☕️ TP1 20.90
🍺 TP2 24.00
🍻 TP3 28.00
🍾 TP4 _____
🍷 TP5 _____
🍸 TP6 _____
🍹 TP7 _____
🎁 TP8 _____
🚫 SL 17.00
Good Luck 🎲
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CAKE: breakout very soonBINANCE:CAKEBUSD
BINANCE:CAKEUSDT
Just now, BTC broke out from a mid-term resistance line, retested, then pumped hard to 55555usd. I see similar pattern on CAKE. The breakout is imminent. I don't predict price of few days. Let's see the real bull run target.
Now CAKE is in a half-year correction. It finished a classic Wyckoff re-accumulation phase and entered phase E. A new uptrend is coming. My first target is the previous high of 44, then 100. Price around 150 is very like in altseason.
Fundamentally, Pancakeswap is the most important application on BSC. Its token CAKE, unlike the solely reward token (UNI, CRV, et al.), is extremely useful. CAKE's single asset pools have the highest and most stable yields among DeFis. It is also a distribution platform of other tokens, and an NFT marketplace. I'm expecting CAKE entering Top 10 rank at least for a short while.
And there is a secret behind CAKE: Why does Binance not open futures trading for CAKE? Because CZ has his plan.
NFA.
CAKE/USDT short (CAKE is a useless piece of shit)!BINANCE:CAKEUSDT is a useless piece of shit .
The pancake platform is not able to give us something new, stupid updates, endless emissions and 99% of projects for pancake are scam. There is practically no bidding. It became uninteresting to anyone. The team does nothing useful, it just prints another $CAKE and dumps it into the market.
There are many useful and interesting projects, CAKE is not one of them. While the rest of the platforms are improving technology, the cake team launches meaningless pools from scam that no one needs. Binance Smart chain broke into a filthy scum and dirt dump. Stay away from this shit .
CAKE/BUSD⭕Hello friends, I am happy to comment on this analysis below this post. ⭕📌Please like this post to support us and follow us. Thanks
CAKEUSDT LONGCake after giving a decent run from 10ish zone to 26 has been moving in a sideway sort of price action and now looks ready for a continuation of uptrend. It has been trading just below its falling resistance which in my view is likely to be challenged and breached soon.
Price breaking above 20.55 would be a bullish signal for a breakout towards 22.50 and 26 initially followed by 30 and 32 up next.
AB=CD Pattern also establishing a similar target towards 32 region.