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Pancakeswap

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
CAKE/USDT 4h simple analysis in 20th/JunHi, crypto traders. CAKE is in a Strong Downtrend now. The price continued to go down. It tried to break 20MA (blue) to the upper side, but bounced. Finally, the sequential order changed 60MA (green) > 20MA (blue) > 5MA (red) > the candle. It means the trend is a Strong Downtrend. If the price keeps under 5MA (red), this bearish trend continues. However, since MA lines are very close, the trend can change easily. If the price breaks all MA lines to the upper side, the trend will be an uptrend. We should wait and see the next trading timing today. ==TODAY’s Check Points== - The candle goes up and breaks all MA lines to the upper side? - The candle continues to go down and breaks 13.81USD? ==TODAY’s Target Price== CAKE goes up: 1st target: Cross-point with MA lines (5MA, 20MA, 60MA) 2nd target: 18.62USD (the last highest price) 3rd target: 21.53USD (the highest price in 3rd/Jun) CAKE goes down: 1st target: 13.81USD (the lowest price in 30th/May) 2nd target: 10.00USD (a nice round number) 3rd target: 9.45USD (the lowest price in 23rd/May) Enjoy your trading.
Short
by Bot_Muto
CAKE/USDT 4h simple analysis in 15th/JunHi, crypto traders. CAKE is in a sideways market now, but it seems the price goes up again. The price went down and was close to reach my target: 14.90USD, but it didn't break it. After that, the candle changed positively and already broke all MA lines to the upper side. If the price continues to go up, the 1st target will be the last highest price: 18.62USD. Conversely, if the price goes down, the 1st target will be the cross-point with 80h (blue) line. We can wait and see the next trading timing today. ==TODAY’s Check Points== - The candle continues to go up and breaks 18.62USD? - The candle goes down and breaks 80h (blue) line to the lower side? ==TODAY’s Target Price== CAKE goes up: 1st target: 18.62USD (the last highest price) 2nd target: 21.53USD (the highest price in 3rd/Jun) 3rd target: 22.50USD (the highest price in 20th/May) CAKE goes down: 1st target: Cross-point with 80h line 2nd target: 14.90USD (the last lowest price) 3rd target: 13.81USD (the lowest price in 30th/May) Enjoy your trading.
by Bot_Muto
PancakeSwap (CAKE) - June 14Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (CAKEUSD 1W Chart) Careful trading is required as the chart has not yet completed a single wave. Accordingly, it is important to keep the price above the 15.1757179-20.0044522 interval. (1D chart) It needs to find support at least at the 17.7234416-20.4991555 range to convert into an uptrend. If it falls from the 15.1757179 point, you can touch the 9.3962999 point, so you need a Stop Loss to preserve your profit and loss. This is an important section with several lines passing through the section 15.1757179-20.4991555. If it climbs in this section, I expect it to touch above the 26.0505834 point. However, if it does not rise above the 26.0505834 point, it is highly likely that the downtrend will continue, so trade cautiously. ------------------------------------- (CAKEBTC 1W chart) Careful trading is required as the chart has not yet completed a single wave. Accordingly, it is important to keep the price above the 0.0002687-0.0003450 range. (1D chart) We'll have to wait and see if we can cross the 0.0004053-0.0005358 section. In particular, we should see if we can break out of the downtrend line. If it falls from the 0.0004053 point, a Stop Loss is required to preserve profit and loss. However, it can touch the 0.0002903 point and move up, so you need to trade cautiously. ------------------------------------------ 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 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. ------------------------------------------------------------ ----------------------------------------------------- ** 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 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.) ** See support, resistance, and abbreviation points. ** 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. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section. (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.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
BINANCE:CAKEUSD
by readCrypto
CAKE/USDT 4h simple analysis in 12th/JunHi, crypto traders. CAKE is in a sideways market now. The price continued to go down and reached close to my 1st target: 14.90USD. After that, the candle changed positively and already broke 20h (red) line to the upper side. Since the sequential order of MA lines is 240h (green) line > 80h (blue) line > 20h (red) line, if the candle goes down and breaks 20h (red) line to the lower side, the trend will be a downtrend. And this point will be a short entry point. Conversely, if the price goes up, the 1st target is the cross-point with 80h (blue) line. ==TODAY’s Check Points== - The candle continues to go up and breaks 80h (blue) line clearly? - The candle changes negatively and breaks 14.90USD? ==TODAY’s Target Price== CAKE goes up: 1st target: Cross-point with 80h line 2nd target: Cross-point with 240h line 3rd target: 21.53USD (the last highest price) CAKE goes down: 1st target: 14.90USD (the last lowest price) 2nd target: 13.81USD (the lowest price in 30th/May) 3rd target: 9.32USD (the lowest price in 16th/Mar) Enjoy your trading.
by Bot_Muto
CAKE-PancakeSwap-USDT (OVERVIEW)Hello there!👋 Thank you for stopping by today, let's get right to it 🌍👇😄🎉 Technical Overview : 🔍📈 Technically, CAKE🍰 (PancakeSwap token,) IMO, was forming what looks to be some sort of bear-ish structure/harmonic.🐻👁‍🗨 Price decided against this pattern and we are now seeing some possible bull-ish activity🥳🐮, which leads me to believe we can hit our bull target depicted above! Additionally, price action broke up and out of a major trendline(purple,) engulfing the 💲16.0 price on ~May 31st, and has maintained bull momentum for the most part since then. I am expecting us to reach ~💲25.05 in the near future⏲⏰✔, where it would then be wise to re-analyze. Fundamental Overview : 📝📍 🍰🥘🍰 is a DeFi AMM platform that allows you to earn liquidity by staking the CAKE token on the BINANCE SMART CHAIN. BSC (Binance smart chain,) is a blockchain that provides fast transactions with low gas fees.🆗👍👏 PancakeSwap launched September 20, 2020 and is now down ~54 % from its ATH price of ~$44 on April 30th of this year.😮📆 We may be seeing Pancake lovers scooping up their CAKE while it's down.. let's see👀, but remember, always use proper precautions when making large investments 📌🧐 I have also created a few other paths that I see possible, in the event that we turn bear-ish. 🙂🐻 🛑🛑🛑This is not financial advice, always have a stop🤚🛑💲 loss set🛑🛑🛑 It is a good idea to always monitor 🧐👀 BTC and ETHs movement when making any trade Any thoughts 💭💡, questions 🙋‍♀️🙋‍♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome. Thank you so much!!! Jazerbay 🐶
Long
by jazerbay
38
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
PancakeSwap (CAKE) - May 26Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (CAKEUSD 1D chart) We have to see if we can get support in the 17.7234416-20.4991555 range. In particular, we have to see if we can get off the downtrend line. In order to turn to an uptrend, it must rise above the 22.7592469 point and gain support. If it falls below the 11.4213659 point, it can take quite a long time to rise, so you need to trade carefully. --------------------------------------- (CAKEBTC 1W chart) (1D chart) 4053 Satoshi-5358 We must watch for any movement that deviates from the Satoshi section. In particular, it remains to be seen if it can rise along the uptrend line. We have to see if it can rise above the 5358 Satoshi point in order to turn to an uptrend. In particular, we have to see if we can get off the downtrend line. -------------------------------------- It is advisable to trade at your average unit price. This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden. The center of every trade starts with the average unit price 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, so that the money that ultimately corresponds to the profit can regenerate the profit. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional 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 that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective. GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Market price at the time of opening (Example) Gap (G1-G2)
BINANCE:CAKEUSD
by readCrypto
Buy Cake LongHere's Pancake swap idea. What is Pancake swap? Pancake Swap is the leading decentralized exchange on Binance Smart Chain, with the highest trading volumes in the market. Market Cap Rank #46 All-Time High $43.96 All-Time Low $0.194441 Next Move expected with another Bull run. My Entry Targeted Price is $9.1 with TP @$68 to $70. Stop loss $5 Watching Pancake as a best opportunity. $100 investment on Pancake: You'll get 10.98 coins. If we hit our target at $70 our profit will be $768.6. Good Luck.
BINANCE:CAKEUSDLong
by YousufSheikh9