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Pancake

CAKEUSDT --> it NEEDS to break this trend line!Cake is desperately trying to break this trendline, it needs to break it to go higher, its failed it many times now. Its a bearish pattern of sequential lower highs that is starting to squeeze price. $9.5 is major support, $8.3 is the last line of defense. BTC revisiting 28.8k and going lower may very well break CAKE's back and most of the ALTcoin market :( I see a descending triangle pattern but technically I don't think it meets the criteria, as most ALTs do CAKE is roughly following BTC price action, most alts look similar so we cant take much significance in ALT charts unless major divergence is shown.
Short
by tommytoan11
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 $27.201. We are currently about 53% away from the POC, and about 108% away from the highest VPVR spike. Stochastics have room to rise We are re-entering my EMA band right around the .236 fib level. I generally use fib levels to help make my entry/TP/exit points. Don't forget to take profit! Pay yourself! I love you all, Sangbagner
Long
by UnknownUnicorn16206213
2
path to 50Cake is stuck in a consolidation pattern but looks to be in a bull flag Target (depending on how you read the flag pole) looks to be north of 50. I have my first target at the 2 fib level. Could go all the way up to the 2.618. I found a fractal that was right before this one that had some similarities with confluence to the same level the flag pole would tag us to. Of course, this all depends on the stability of the big boys ($eth and $btc) but this is definitely one that has cooled off and primed for another big move soon. Cake cake cake cake DYOR and GL!
Long
by DaCryptologist
Cake (Pancake Swap) : Learning The Bull Flag PatternBull Flags (Shorter Term) Currently on CAKE:BTC we have a Chart Pattern called a Bull Flag forming. Which I have explained below & in the above chart. • BEST ENTRY IS often when price fakes out under support or above resistance • MIN 2 Touches each side • PRICE MUST MOVE STRAIGHT UP or DOWN BEFOREHAND (or it is not a true flag pattern • HIGHEST SUCCESS RATE of any chart pattern To identify a Bull or Bear flag pattern the first key characteristic is the FLAGPOLE. The flagpole is usually a staight upwards or downwards move, if the flagpole is not abnormally straight upwards/downwards then it is probably a poor example of the pattern. Price should then consolidate in a parallel channel (it can be sloped), this is the “flag”. The flag is a pause in the market before a up-move or down-move and we measure the flag pole for a possible price target. Bull & Bear Flags according to backtesting have the highest success rates out of any chart pattern - success rate being when they hit the potential measured move (the original flag pole height is measured, and added to the swing before BREAKOUT for a possible price target as shown in the diagrams). The first entry is on the 4th touch of the pattern. It is also common for these patterns to have a THROWBACK (also known as bullish / bearish retest) before continuing in the direction of the breakout, this is marked as point (B) on the chart and the second entry point. Look for bull flags forming on top of long term resistances (not below) and the opposite with long term supports on bear flags to increase probability of success also. ---------------------------------------------------------------------------- So while CAKE continues to form then breaks out and stays above this Bull Flag pattern we have a higher probability of strong upwards movement, we will need to see the price eventually claim the 6600-6800 satoshi area as support for this to have a chance of happening. See idea linked below for further education on Bull Flags. If you find this information insightful feel free to show your support by liking & commenting, thank you :)
Long
by Worth_The_Ri5k
2
Pancake Swap - $CAKE - Strong Despite BTC WeaknessDISCLAIMER: This is NOT financial advice. My content is meant for entertainment and general information purposes only. It's only my opinion and should not be taken as financial, legal or tax advice. I'm not a licensed financial planner or investment advisor. Cryptocurrencies carry a lot of risk and you could lose everything when buying and selling them. I will not be held responsible for any losses or gains as a result of my content. Please DO YOUR OWN RESEARCH before making investment decisions.
Long
by brendanwenzel
4
CAKEUSDT --> exploring price upwardsTried to catch a few falling knives recently with BTC dumps, CAKE is one I caught, whoever got it at $22... THUMBSUP! The question here is to take profit or continue this potential ride. We have sold a lot with BTC, if we were to go sideways here for a bit, it makes sense for CAKE to hit $30, that will just be the nature of how ALTS react to neutral or bullish BTC price action. Since this is unexplored graph for CAKE... maybe we see some serious buying? -=-=-=-=-=-=- Todays VET Trade -=-=-=-=-=-=- BUY: Opportunity is gone most like, but the buyback is on the trend line... which would be an honestly very nerve-racking buy! (it would imply, in the short term, horrible news or BTC dump to 41k) TARGET: $30, may let it ride at that point STOP: $24 -=-=-=-=-=-=- --==--==--==----==--==--==-- Fundamentals --==--==--==-- Rank #30 Market Cap = $4,420,518,991 DEFI Binance's DEFI solution. Very very young product, does have lots of updates coming.. --==--==--==----==--==--==--
Long
by tommytoan11
2
CAKE.USDT (Y21.P2.E2).Staling. Looking for another entryHi Traders, It seems many of the Alts will be going down for some time due to the BTC drop and BTC dominance short term bounce. Using the 6 or 8 hrly trend to find the cradle setup with a bullish candle or candles in the lower time frames. Note MACD at these time frames are convergent. For now, its stalking as it has downward pressure on the smaller time frames, eg 1 hr to 4 hrly bearish divergence, and candle stick combinations. Al the best, S.SAri
Long
by ssari
2