CAKEBUSD (PANCAKESWAP) - BULLISH SETUPANALYSIS 🔎
- CAKEBUSD is on a mid-term uptrend supported by the ascending trendline support.
- The market hit an all time high (ATH) and retraced.
- Price is retesting the flip horizontal support, the ascending trendline support and the key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- There's a relatively high concentration of buyers at this zone.
- The retracement is resisted by the descending trendline resistance.
- Breakout above this descending trendline resistance could be an uptrend continuation signal.
BUY ENTRY ⬆️
- Aggressive entry : the key fibonacci retracement zone .
- Conservative entry : breakout above the descending trendline resistance.
TARGETS 🎯
- All time high (ATH) resistance.
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending trendline support and 0.786 fibonacci retracement level.
Pancakeswap
$CAKE to 50$$CAKE's new Deflationary Mechanism Lowers Generating New $CAKE's.
It was 40 Earlier and now It's 20.
CAKE Compounding Rates are getting lower but Circulation is getting lower.
twitter.com
PancakeSwap - CAKE/USDHi,
What's cooking? Pancake!
Buying zone $25-$30
Criteria:
1. Trendline
2. Fibonacci
3. SR
4. Short-term channel
5. Daily EMA50
Targets:
1. $35
2. $40
3. Sky is the limit
Regards,
Vaido
Cake; on the Bottom of ascending channel CAKEUSDT is on the bottom of its long term ascending channel, in lower time frame it forms a falling wedge and a double bottoms as well.
So it have a very bullish chart and a upward rally is expected any time soon.
in case of breakout, targets are: 39- 42 - 49 - 58 dollers.
happy hunting!
CAKEUSDT - How to find a good CAKE entryCAKE and pancakeswap are trending hard right now, its a great defi solution that's innovative and has triple A backing in Binance.
The common thought for most is, how can I get in on that profit?!
One way to do it is buy low, sell high! In order to buy low, you need a good entry, luckily, I think I've found one!
In todays video I go over how I find potential entries for profitable trades and apply it to CAKEUSDT
=== TimeStamps ===
0:00 = Welcome!
0:35 = Patterns
1:20 = Fibs
5:20 = Resistances
7:30 = Price path
11:00 = Entry
12:05 = Stop limit
12:30 = Take profit
14:45 = Fundamentals
15:15 = CoinMarketCap
17:30 = Tradingview ideas
18:50 = CoinMarketCal
19:20 = r/pancakeswap
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.
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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 :)
$BAKE Double Bottom ?BAKE has had an very strong run up these past few weeks.
Consolidation and relief is necessary to continue the uptrend.
If price holds on to support cluster between $5.00 - $5.70 we can expect to see a double bottom form which is a strong bullish sign towards previous highs.
Resistances: 7.30 / 8.40
Cake coilingCake target from last bullish break is $50 but this is another pattern forming to watch that could go either way.
DYOR and GL!
Ready For The Next Cake Party?🥞/Super Bullish/Previously on Cake:
- Just broke it's bull flag.
- Retest successful
- Rsi forming a good trend
- Follows Bnb and Bnb mostly follow BTC / BNB is very bullish moving up to $750/
Episode2
*Cake was resting in bull flag after the party!
*Hangover mode of the cake is going away!
*I fell bullish for the next few weeks.
*LET'S FIRE THE SECOND ROCKET.(There will be more rocket to fire)
It's always good point to buy cake but If you are looking a point to buy more just wait for few drawbacks to the up trendline and buy it! /Deff. Not financial advice/
Follow if you like and wanna see more updates on cake.
How bullish is the cake-🥞🥞🥞🥞🥞🥞🥞🥞🥞🥞🥞🥞🥞
CAKEUSDTthis alt has the potential to reach unbelievable values as fundamental but technically the bulls show complete dominance in the chart therefore we consider the last slippage as a correction and go for our targets safely
another mean of publishing this post was introducing a token listing today (10th of may) in pancake swap in name of wealth locks (WLT)
strongly recommend to hold it for more than 3 months for a great fortune
current value is 47.13$
you can do your researches and then enter such a signal
as our observer reported this token showed a healthy fluctuation and we are getting heavy in it with this value . . .
if you entered like we did just head in private chat and discuss the values there
👉This idea has the confirmation of "advanced price action"
👉For more information don't be shy and get in private chat of trading view
👉Hit share and spread the information in public chats or your twitter for everybody to get profit
Cake is having some hard times after the last party! Buy the dip now or wait for cake to leave the triangle and buy the rocket.
Strong support levels on $35
If it drops below $34 sell everything and buy back around $30-$32
Everyone is bullish on the cake but It may need some rest before the next party.
Let me know what you think.
Next targets based in fib extensionBased in trend-based fib extension, we have the next targets:
First target: U$40
Second target: U$60
Third target: U$85
Fourth target: U$100
Cake need close above U$22 to confirm the next movement.
CAKE PredictionWe go down before we go up. Still bullish on crypto overall but a dip is required to run up even higher imo.
Burger Good Longterm InvestmentI invested today on BURGER once the price touched the lips of the alligator, the Green Line. I have analysed the project and I find it similar with AAVE and has great potential to rise to 400-500 per coin if not more in the next few months. Lets see. You could make even more profit from the trend if you trade it in smaller timeframes cause I see it has a bit high volatility.
I expect to make my capital about 100x times from the size it is from the BURGER coin till it reaches the 20x increase and compete with AAVE in market capitalisation, by trading it in smaller timeframes.
The transaction fees are much lower than AAVE and has a crosschain function as well.
Follow me to stay updated with more of my simple trading IDEAS !
Hope to be correct and good luck to all!
Pancake is ready to test resistance soon.Pancake swap has been moving sideways for a few days. The RSI Stochatic is heading to undersold territory so we might see a test of the resistance level in a couple of days. Support seems at a steady level so we can either see more sideway action or a breakout to a new all time high.
Pancake Swap ($CAKE) Could Reach $29 in Pullback with BTCDISCLAIMER: 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.
CAKE.USDT (Y21.P2.E3).Stalking this setup Hi Traders,
The chart explains my thoughts as it leads up to this formation and potential trade.
All the best,
S.SAri
Macro view
s3.tradingview.com
