CAKE (Pancakeswap) completed its third push to the upside and rendered four Daily candles in a row with large wicks on the top. Today's close marks the fifth. Does that mean we're in for a drop?
How do we trade this? 🤔
I believe a pullback here is imminent. That doesn't mean a short is justified, we are in a bull trend and our bias should remain long. However,...
CAKE had a fantastic bounce off of the $2.14 support area and ripped to $2.92! We're close to the next resistance area of $3.135, what does that mean for our trade opportunities?
How do we trade this? 🤔
We're too close to major resistance to long on this timeframe (or any timeframe for that matter), we need to wait for either a break of that resistance level,...
PancakeSwap executed a beautiful bull run and pullback, forming an arched pattern toward the 200EMA where we bounced and broke out! The price is in meander mode toward the upside on new support.
How do we trade this? 🤔
We do not have any signal candles or patterns to suggest the next move, any trade here carries a low probability of profit. If we long, our...
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...
CAKE is crawling sideways in between a bull channel and above the Weekly Resistance. The price hasn't been able to break above the 30EMA nor has it broken below the Weekly Support.
How do we trade this?
The overarching trend is bullish, so we should set our bias to long. The price is establishing support at the previous Weekly Resistance, so it's reasonable to...
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.
Analysis of CAKE/USDT showing that if resistance (green line) does break, we could see much higher prices.
Entry price = $18.15
Stop Loss = $16.35
Take Profit Levels (TPs):
1st = $26.28
2nd = $30.05
3rd = $36.90
4th = $42.70
Cake still recognizes the resistance raised in my previous analysis
Even though now it had a bullish moment, in my opinion cake is bearish as long as it is below 43usd.
in summary
If you are not yet in cake you can buy if cake rises above 43usd and makes a throwback.
If you currently own cake, be careful!
Cake is going what we expected so now it has broken the triangle as well it can go till the resistance and if it is broken then ath cake we will eat
Thanks 😊
