$CAKE/BTC 1D (Binance Spot) Symmetrical triangle breakoutPanCakeSwap broke-out bullish, let's enter on 100EMA / descending Trend-Line retest.
Current Price= 0.0004450
Buy Entry= 0.0004228 - 0.0003888
Take Profit= 0.0005084 | 0.0005709 | 0.0006713
Stop Loss= 0.0003234
Risk/Reward= 1:1.25 | 1:2 | 1:3.22
Expected Profit= +25.28% | +40.69% | +65.43%
Possible Loss= -20.31%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 2 months
CAKEBTC trade ideas
$CAKE, Testing/sitting on ~40k sats support level $CAKE
Testing/sitting on ~40k sats support level on the 35day since latest UCTS 1D Sell signal (~30%)
Current level matching .5/.618 fib levels from latest impulse. If its unable to hodl, then looking for ~32k sats
Not taking any spot positions till next 1D Buy
#CAKE
CAKEBTC How do you like your CAKE?CAKE continues to bounce off the support marked in white.And with NFT auctions few days away... it is a safe bit for me to ride.
If CAKE breaks the support, it is an easy stop loss upon retest.
If CAKE's next leg is up, then the target is set as per the previous leg down.
Bidding for CAKEI am working here on my perspective that best Alts to buy in a major dip (or bear market) I see are Alts that provides returns on staking or launchpads. Because eventually the more you HODL the higher the reward. And it becomes more affordable to accumulate them cheap for higher rewards.
Here comes CAKE with 77% rewards and 41% staked already.
Bid is placed at 1D 200EMA support.
MY MINIMALIST CHART ANALYSIS FOR $CAKELOOKING AT CAKE
This is not a piece of financial advice. Boxes are major price action probability. it may be a top-up level, partial close, exit or entry-level.
Run Fibs at different time frames for confluences and watch out for market dynamics as it unfolds its path.
Cake coin AnalysisHey Guys
I make a simple cake chart in which you guys can see 2 patterns.
If these patterns break we can make a lot of money from cake coin we can easily expect a new ATH of 0.000054 BTC
But keep in mind the market is volatile so if these candles break down the patterns then we can expect the Cake to go down to 8$ to 5$.
If you have any idea about this analysis comment down below.
#DYOR
CAKEBTC is testing 0.618 Fibonacci level 🦐CAKEBTC is testing 0.618 Fibonacci level inside a descending channel. IF the price will have a breakout, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
CAKE/BTC Ready for Breakout...?#CAKE/BTC TA Update:-
#CAKE currently trading at 6200 satoshi
I am waiting for the break-out Upward side.
Waiting Resistance line break out.
After we can see skyrocket.
So I am accumulating some #CAKE here and waiting for dip also.
Entry:- 6200-5600 Satoshi
Targets:- 7238/7983/9000/9877
Stop Loss:- Will Update
Support: 5900/5600
Resistance:- 7238/7983/9000/9877
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Thank you.
Cake, explosion loomingCake has been forming a falling wedge since its last all time high versus bitcoin. Although I expect an earlier breakout, I showed the most conservative target on the chart, took the initial point of the breakout from the lowest point of the wedge. Having an RSI divergence strengthens the bullish chart.
Cake looks strong, both fundamentally and technically. Breakout is inevitable.