CAKE - $17.4I've been on the fence after the shorts but now looking at a small play off this support for 15% with potential to run to the 50MA just over $18 for 20%.
There are a few ALTs that might be able to close a decent gap between the 50 MA - (UMA, SXP) while a few sit on top and might run for a short time (LTC, SOL). Reasonable entry are to manage risk.
B, HF
It's been a while since I longed CAKEUSD
CAKEUSDT trade ideas
CAKE - Watch For This Reversal!CAKE is showing us some really clear price action and we are approaching a significant level where we are expecting a reversal. We've seen that we previously had a triple bottom from the structure level indicating that It holds a lot of weight.
Trade Idea:
- Watch for price to come back to the structure level ($10 level)
- Once price shows bullish pressure, enter with stops below the structure level
- Targets: 17 - 26 - 44
We may get an early breakout and if we do, enter with stops below the recent lows.
CAKEUSDT:RISING WEDGE, CONFIRMATION OF SHORT OPPORTUNITY?Hello Enthusiast Coin Traders! Here's medium-term outlook for CAKEUSDT , Please give us the thumbs up and support the channel by Smashing the FOLLOW button :)
CAKEUSDT broke out of the Rising Wedge pattern. Rising Wedge Pattern indicates a potential bearish movement ahead. The MACD indicator is crossing down below the zero level, it signify the potential bearish bias ahead.
The roadmap will be invalid after exceeding the resistance/target area.
DISCLAIMER:
This is only an outlook, not a recommedation to buy or sell the cryptocurrency
Sell me your sub $15 CAKE and leave crypto alone!BINANCE:CAKEUSDT
$CAKE is currently trading in an accumulation zone.
Breakout once seller exhaustion happens circa Jan 2022.
Flips red line to support for new ATH at $100+.
PancakeSwap is #3 DEX by Volume trading at a discount.
>70% APY with AutoCAKE staking.
Say less!
CAKEUSDT daily outlookMy view about CAKE:
1. CAKE is moving on bullish trend
2. CAKE have a potential forming Bullish Flag Pattern
3. CAKE price is on support
4. CAKE is on wave 4 rn, and should be going to wave 5 (elliott waves)
My strategy: BUY!
1. if you agresive trader, and want to buy now, its okay. But, manage your own risk. if the price going breakdown
2. if you konservatif trader, buy after breakout.
hope CAKE can be a profit.
cheers,
-NFA-
₿ PancakeSwap 1D ₿ : 22.Nov.2021 (CAKE)As we can see, the price is in a static support range, and if you are a long-term holder, you can buy at this price.
CAKE Price Live Data
The live PancakeSwap price today is $15.59 USD with a 24-hour trading volume of $281,789,779 USD. We update our CAKE to USD price in real-time. PancakeSwap is up 3.59% in the last 24 hours. The current CoinMarketCap ranking is #49, with a live market cap of $3,785,222,040 USD. It has a circulating supply of 242,861,076 CAKE coins and the max. supply is not available.
coinmarketcap.com
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 22.Nov.2021
⚠️(DYOR)
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Accurate Time Zone for CAKEThe current falling leg reaches the time target equal to the previous descending move.
In addition, if we use the time of last rising and take it from now, we see the 100% time zone overlapping the summit price time cycle.
So I except that buying at this area and selling at 27 of December will a profitable trade.