Cake has the potential to move upwards an can touch 9$ or 10$ Here the price can go downside if next week bitcoin continues to drop. Please Like, share and comment
Cake long position. Several price targets along with stop loss. On higher time frame looks like it has capitulated and has been building into this resistance here. CAKE/BTC looks healthy enough.
#Cake in it's #BTC pair broke out the dynamic resistance and it is buy opportunity Targets and stop loss are available on the chart
PancakeSwap is bouncing off the support area which is also matching with the Fibonacci 0.382 retracement level. Bullish trend is expected to continue up to 11.0.
📉 Expecting bullish price action on CAKE as price shifted the strucutre from bearish into bullish making (bos move) price retraced back into the W1/D1 imbalance and from there we can see a push towards bearish orderblock area on the D1. Market Sentiment in crypto for now is in a EXTREME FEAR meaning there is a good buying opportunity. What do you think ? Comment below..
CAKE/USDT Entry Range: $7.30 - 8.80 Price Target 1: $10.90 Price Target 2: $13.50 Price Target 3: $16.80 Stop Loss: $6.60 Previews chart
PancakeSwap(CAKE) broke the trend line and tested it as support. This shows the strength of the buyer, but at the same time the volume has not increased. So, a local dump with a false breakout is possible, after which it is ok to open a long position with a profit risk of 1:5 or more! Large volumes in the fall of the price show that someone has accumulated a...
After successfully testing 8.40 region it is gathering strength to make another leg up where it will target 13$ area but before that it have to deal with the 200D EMA which can challenge it further. Currently its in a good buying zone but trade from this point will not lead directly to 13$ it might remain in range for few days.
CakeUSDT in Daily Timeframe made an double bottom "ADAM & EVE"pattern and broke the resistance line now is retesting the line. This makes it Extra-bullish! Cake has great potentials to jump from here.
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