Get started

Cakeusdt

CAKE can't Increase Further much more.Hi every one CAKE / TETHERUS CAKE/USDT is doing a impressive bullish movement but It can't last for ever. Each Trend needs a correction without a Doubt. so as you can see If we put a Harmonic pattern Like Crab on the chart we can Understand that the Price's bullish Trend is about to End (Pay attention to the EX Ret which is 1.681) so yeah the Bullish Trend can continue a little longer but It will End and The correction will be up to the 0.618 line of the Fibonacci Retracement and after that of course a Bullish Movement will be started. There is also a Regular Bearish Divergence (-RD) on MACD as well which makes the Downfall of CAKE much more reliable. summery: -CAKE's Bullish Trend is about to End. -Crab pattern shows It's about to end and time for correction -correction can be up to 0.618 line of Fibonacci -(-RD) on MACD makes the Expect correction more reliable. 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
31
#CAKE, #PancakeSwap is approaching resistance: potential +24%!A quick look at PancakeSwap (#CAKEUSDT, 1D, Binance): According to CoinMarketCap, "PancakeSwap is an automated market maker (AMM) — a decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return." The token registered an impressive +98% gain over the last month, following the trend of the overall market. Main Points Price approached resistance at $21.17. If it flips it to support, price could easily head to $26.28 for a +24% profit. If rejected, closest support level is at around $19. Strategy If price breaks the resistance (wait for confirmation) : TP1: $26.28 SL: n/a(*) If you want to read more about PancakeSwap on CoinMarketCap, click here . What do you think? Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome. But if you enjoy my chart, please like, comment or follow me. :) Thank you and Happy trading! (*) I do not use Stop-Loss for the simple reasons that I do not margin trade, and I trade only assets that I do not mind keeping long-term should the price suddenly crash. ------------------------------------------------------ Some of my charts represent actual trades, and some are just paper trading. Needless to say, this is not financial advice!
by BitfulMind
CAKE/USDT now 91% pure profit and still expecting more TPs#CAKE/USDT Profit Update:- $CAKE currently trading at $21 And Our entry was $11 filled ✅ Now 91% pure profit within a month. I am still expecting it will hit more TPs. but I will suggest now you can free your principal amount and hold only Profit. Entry was $11 ✅ TP1:- $21.50 ✅ TP2:- Pending Support:- $18/$12 Resistance:- $27/$44 Please click like button and Appreciate my hard work. Must follow me for latest crypto real time updates. Thank you.
BINANCE:CAKEUSDLong
by CryptoPatel
6
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
CAKEUSDT (PancakeSwap) - Coin of the Week PancakeSwap is an automated market maker (AMM), a decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return. It's a decentralized exchange for trading BEP20 tokens on Binance Smart Chain that debuted in September 2020. Users of PancakeSwap trade against a liquidity pool using an automated market maker mechanism. Users deposit cash into these pools in exchange for liquidity provider (LP) tokens, which are used to fill the pools. These tokens can later be used to reclaim their share of the pool, as well as a portion of the trading fees. These LP tokens are known as FLIP. Technically, the PancakeSwap chart has a similar pattern with the bigger market cap cryptocurrencies. On the 4h timeframe we see a consolidation in the making that has a higher probability of going to the upside. If the blue trendline is broken sharply with a decisive candle and a consolidation occurs after that, we should take into consideration a retest of the support area (lower probability). Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Long
by financialflagship
14