CAKE BULL RUNhi , our general opinion for cake is long in the longterm (when alt season begin),as you know in fib retracement between 0,786 and 0,618 zone is golden packet it means we should test it one day and our weakly strong support is 30$ and also 0,618 retracement is 30$ so our first target for cake is 30$ , second target is 44$ because its ATH . and as you see in the chart , cake make a descending chart pattern ( descending chart pattern in old market is a bearish but in new market like cryptocurrency is a bullish chart pattern) and it broke the pattern and our target based by pattern is 54,92$
Cakeusdt
CAKE FOR BULLS ! The $CAKE price has formed a bull flag on 1D chart . We expect to see another touch of the support area thanks to Bitcoin volatility & on the Verge of Huge Breakout So Keep your Eyes on it
$CAKE is currently trading near a strong support area , Expect a bounce + Flag's upper trendline breakout.
EMA200 is laying under EMA55 ,Quite bullish sign.
RSI is Printing Massive Bullish Divergence.
MACD also got a bullish divergence
Pancakeswap is the largest DEX on BSC chain. Expecting upcoming burnings + events
TIn Case of Upside Breakout, Target would be $30 .Long term targets are 50-60-70$.
The Train has left Station So Fasten Your Seat Belts 😎
CAKE/USDT { PANCAKESWAP }- BULLISH SETUPANALYSIS 🔎
- CAKE/USDT brokeout above the double bottom neckline resistance, hit a swing high and retraced.
- Price is retesting the key fibonacci retracement zone (0.618 - 0.702 - 0.786) and the double bottom neckline resistance.
- There's a relatively high concentration of buyers at this zone (high buying pressure).
- The pullback retracement is resisted by the descending trendline resistance.
- Breakout above this descending trendline resistance could be a bullish signal.
BUY ENTRY ⬆️
- Conservative entry: breakout above the descending trendline resistance.
- Aggressive entry: key fibonacci retracement zone (0.618 - 0.702 - 0.786)
TARGETS 🎯
- Horizontal resistance level (@21.19).
- Horizontal resistance level (@23.74).
- Horizontal resistance level (@25.33).
- Horizontal resistance level (@26.60).
- Fibonacci extension level 1.0 (@33.88).
SETUP INVALIDATION ❌
- Breakdown below the previous swing low after the breakout.
Cake Breakout!Hi everyone.
Cakeusdt seems too be good training position.
Now price is moving on trading range box and I'm waiting for breakout of trendline and break of range box
So we will have great long position into next resistance which our profit will be 25%-30%.after that I'll risk free my position and wait for historic high.
Remember you can stake cake in cake platform too gain better profit from this position.
The second scenario is we will have break out from down.in this senario price will dump.
So future contracts can make you rich in this senario too.
Thanks for reading.
Not financial advice.
CAKE - TRADE SETUP - LIVE TA$CAKE has been in accumulation zone for so long now and it this video I have discussed why I think CAKE is going to give massive gains in the next few weeks!
The best entry is at the market price till $18 and the targets are mentioned.
I have gone through each and every details and have done all the analyses so you guys can copy the idea and learn it from my strategies as well :-).
If you liked this video guys make sure to give a thumbsup and share :-)
CAKE /USDT AnalysisCAKE / USDT
Cake still moving inside range of falling wedge
and face resistance zone
📌 What are possible next scenarios ?
1- clear breakout and hold above blue resistance zone = pump
2- reject hard again from trendline mean can drop to support around 16$-17$ before next move
Invalidation of any bullish setups=
Loss of green support area by daily close
Dont trade blindly
Best of wishes 🙏
₿ CAKEUSDT 1D ₿ : 19.Oct.2021This analysis is a check of the chart in a Daily time frame and everything is clear on the chart and does not need additional explanation ... However, if you have any questions, feel free to ask .
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 19.Oct.2021
⚠️(DYOR)
CAKE - is going to skyrocket 🤯🚀There is an interesting pattern on the CAKE chart. You can see the trend line, the price has already tested it four times, but has not yet been able to break it. With each test, the resistance is weakening, so we should expect a breakdown of this trend line.
There are two scenarios worth noting:
- If the price reaches a low of $17.7 and then breaks this resistance line, this would be a very good buying opportunity.
- If the price squeezes and then breaks this trend line, that would also be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
CAKE MASSIVE GAINS INCOMING? BUY HERE$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.
If you liked this idea give a like and a follow :-)
PancakeSwap (CAKE) - October 12Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
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
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.)