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...
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 !
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
Hello everyone 😃 Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it ! - $CAKE is on the verge of breakout on the channel's high. Currently it's moving on the 1D time frame chart into a descending channel and after the break-out, It'll be able to climb up to the...
CAKE rejected the 5.50 - 6.00 price area as we expected in the previous analysis, from a technial perspective we are from there in a bullish market strucutre. Price shifted the strucutre from bullish into bearish somewhere around 7.0$ 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
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...
Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Entry: market and lower Target: 8.5 and 9.9 after first target reached move ur stop to breakeven Stop: 5.9 (depending of ur risk). ALWAYS follow ur RM . Risk/Reward: 1 to 2.5 risk is justified Good luck...
CAKEUSD was pumped recently following the overall strength of BTC and other cryptos. However, in a context of a massive downtrend, which preceded this action, it would rather create a false breakout and slide back to the range. It might open an interesting opportunity for a counter-trend trade.
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..