🔸 We've detected a Resistance Breakout and Confirmation on the CAKE/USDT chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. We may consider buying at the current price zone and targetting higher level. • 📊 Technicals: • ⎿ 24h P. change: 🔺 4.825% • ⎿ 24h Volume: 10,143,528.451 USDT
CAKE is held above the middle of the liquidity zone. Price has broken up 50EMA on the 4H Timeframe. 50EMA and 200EMA formed a golden cross (1H TF) I expect a rise after fixing above the zone.
RSI chart indicates oversold (4H and 1H TFs) Price is in the oversold area of the BB indicator (4H TF) Expect a bounce if price holds above the support level.
price has formed an inverse head and shoulder and is squeezing to the trendline. expecting a break and growth.
The CAKEUSDT price has been in a falling trend channel since April 2021. In fact, almost immediately after "the hype CAKE" exited into the market, when the price of CAKE rose from $10 to $44 in a month, the search for a fair market price began. Looking at the chart, we can see aggressive buying of CAKEUSD from $3 After, buyers of PancakeSwap twice time bought...
CAKE had a range trend during the last week. Its price fluctuates between two very important resistance and support levels corresponding to the 4-hour time frame. The support was considered in the range of $3.42 to $3.65, and its resistance was in the range of $4.10 to $4.20. If the resistance and range of Bitcoin are broken, we can expect to see the price...
CAKE had a sharp downward trend during the past weeks. After the buyers brought the price to the resistance level of $5, there was a strong reaction in this area, and the saving of profit by the buyers, along with the selling pressure that was applied in the whole market, caused a 30% price dump of this currency. The support level that was considered in the range...
Price is under liquidity. The price is overbought on the BB indicator (4H TF). RSI indicator indicates overbought (1H and 30m TFs) I believe CAKE could correct if it gets under the lower boundary of the current range.
Hello, dear traders. how are you ? Today we have a setup to buy/long the CAKE symbol. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Trade setup: Trading in an Ascending Triangle and price is approaching $5 resistance zone, where it was rejected in August. It also lines up with 200-day moving average. If price is able to break above that, it could revisit $8 thereafter. (set a price alert). Pattern: Ascending Triangle which is a continuation pattern (it typically breaks out in the direction of...
CAKE is trading above liquidity. RSI chart is testing the support level (4H TF) A bullish divergence has been formed (30m TF) I believe that the asset may resume growth after securing above the trend line.
Hi dear friends, hope you are well and welcome to the new trade setup of PancakeSwap (CAKE) with Bitcoin . On a 4-hr time frame, CAKE has formed a bullish Gartley pattern. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
This symbol has a great area for shorts. I don't buy or buy position and I wait if it reaches the entry zone, I will short it. Put this symbol in the watch list.
Cake move: Short term: 1) small pump up to 5.5-6$, deviation, dump 2) dump to the mid-range of the small range (3.5$), pump to 8-9$, then dump Long term: 1) deviation, consolidate in the 1.5-2.5$ range, initiate new pump 2) consolidate in the 1.5-2.5$ range, final dump to Jan 2021 prices, consolidation, initiate new pump This is true for cake and for many other alts.
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (4.606). . 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 (4.606). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CAKEUSDT 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...
❌These analyzes are just to give a better perspective for you dear ones Do not base on buying and selling❌