PancakeSwap is bullish in more ways than one! The price is playing out a beautiful two-legged pullback after a strong bull run; an indicator that the bulls are in control and more upside is probable. How do we trade this? With a two-legged pullback after a bull run and the RSI above the Moving Average with room to spare on the upside, we have to remain...
Hello Trader's I am sharing my Analysis for Cake and I think you should wait for the price to come down and touch his support. it good for buy/long.. thanks for your support.
So here are the resistances and supports of cake usdt on higher time frames. it is a bit laggy then the rest of the market but will perform better in the coming days as NFT market place will be launched on pancakeswap. hope you like my idea.
I'm just a beginner chartist but I cannot ignore this double bottom pattern potentially forming. If the red dynamic resistance line is broken with some volume (and retested) then a break above the purple neckline may be in the books, followed by a break above the last support turned resistance. If then that level is retested and it holds then we are looking...
I can see a bullish flag on the CAKE/USDT daily chart: prallel descending channel after a long price explision. No RSI or MACD divergence (higher highs on price and the latter 2 indicators alike) -> I expect no trend reversal, I am still bullish. Strong confluence: min/max price Fibonacci 0.618-level retracement aligns with default daily Keltner Channel...
trend lines marking the down trend in $CAKE token consolidation period... Recently broken out to the upside. $CAKE is a Token with huge potential due to the incredibly lower DEX Transaction fees offered through Binance Smart Chain on Pancake Swap. Pancake appears to be a rapidly growing DEX which some people feel can surpass Uniswap or at least reach similar...
All models are wrong, but some are useful. This is not financial advise, nor am I a financial advisor. This is an update on my previous CAKE/USDT idea! (See related ideas) After completion of the fractal head-and-shoulders (part of bigger head-and-shoulders trend) possible outbreak at target of 15.800 If you have any criteria or new ideas feel free to let me know! :)