As the recent correction end it made higher low Pivot and now put the price in an uptrend channel ! hope see Moon Cake !
Market just finished 1-5 Elliot wave bearish and broke out of an downtrend, going up it created high volume institutional candle, we are forecasting to see a pump up retrace to our institutional candle and rise to 15.80 zone. Entry: 9.94 (After retrace) Invalidation: 8.73 (recent HL below buy zone) Target: 15.80 R/R Ratio: 4.84
Targets are : Short Term $7.15 - Mid Term $8.3 - Long Term $10 Reasons for long : Huge volume ! Huge engulfing ! Ressistance breakout Avarage true range for sure there would be corrections dont get panic if you buy it in spot market no need to use stoploss GODBLESS
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (6.33). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CAKEUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (6.33). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CAKEUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...
Whatever happened to $CAKE? it seems to have lost it's icing. Been in a constant downtrend since August 2021, current daily candle could close as an inverted hammer depending on what happens with BTC, which is quite bearish and get a rejection from the resistance. Reclaiming the area where the order block is at and flipping it would signal a bullish reversal,...
So it seems $CAKE has woken, finally, a bit. Well I´m falling short: The Pancake Swap token has seen a horrible $5 figure lately (all time low!) and being back in a $9ish track is no small thing for holders/stakers. We were in a pretty neat uptrend channel up until March 22nd morning (10am more precisely) when bitcoin made a bold correction downwards dragging...
CAKE rejected the 5.50 - 6.00 price area as we expected in the previous analysis, from a technial perspective we are from there in a bullish market strucutre. Price shifted the strucutre from bullish into bearish somewhere around 7.0$ where it broker above the last high with a huge momentum. The long-term targets for CAKE are around 11.50 where we have a bullish...
Now cake in TIME FRAME 4H is in this pattern just keep eye on it to make it short or long I do trading based on patterns so I hope you guys know how to set up your trades target and stop loss GOOD LUCK GUYS THIS IS NOT FINANCIAL ADVICE IT'S JUST MY PERSONAL OPINION DO NOT FORGET TO USE STOP LOSS
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (8.55). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CAKEUSDT is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (8.55). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CAKEUSDT is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...
Cake looking good since i called the bottom on my previous chart hopefully you got in on my previous chart and enjoying the ride
Currently CAKSE/USDT is heavily undervalued in my opinion and it is currently test marketing at its current level, if breaks out thats a perfect time to buy if it drops down to bottom support that would be even better to make more profits!!! White line = current support Red line = current resistance Yellow line = future resistance Orange line = future...
Dear traders, Intro: My name is Hugo, I am 25 years old and trading crypto currencies since late 2017. English is not my main language, however, I will try to explain everything brief and clear. Be aware that I am still in the learning curve. Every idea I post is not financial advice and is only meant for entertainment purposes only. PancakeSwap (CAKE) is a...
CAKE is testing the downtrend line and the red resistance box in the Daily timeframe. If price fixes above the downtrend line and the red box, We may see a good uptrend in #Cake
Cake is breaking out of its downtrend that it has been in for a very long time. Once we break through the orange line of resistance we should see $10+
Cake looking good here has made a nice move since i called the bottom on my last chart i hope you got in on it
💰 Expecting bullish price action on CAKEUSD as price shifted the structure from bearish into bullish making a BOS (break of strucutre) move, i think for now we will see a retracement move then the price will go higher to fill the BIG BEARISH IMBALANCES aka price inefficienies around 10.23 What do you think ? Comment below..