BTCUSD long ideaHello traders, today I'm going to post an interesting wave is unfolding in BTC/USD.
At the price we are now, it looks like the bears are not done with the bulls yet.
We should be bottoming arround 38k-37k where I set my buys with a huge potential to the upside and a very low risk opportunity.
SL for this entry should be up to 36600 and the target is set at 59k.
Let the market go to you.
If you like my content and would like to support me here is my BUSD BEP20 Address:
0x66a39a58d46f21fd61ced8ce11c7420f5b977182
Pancakeswap
Ascent or descentIf we look at the chart, we see that a long-term downtrend line is pushing the price down . But in the meantime, we see a support.The trend line and the support form a descending triangle Trading volume also confirms that it will be a downtrend.If this happens and the price goes down, the most important support will be in the range of 11.09 , But if buyers perform a miracle and break the downtrend line, the price can rise significantly.
This is not a financial recommendation.
This is just a technical analysis.
CAKE TIME ! PANCAKE SWAP BULLISH PHASE ?Look for the current range developing to breakout for the next bullish phase to ensue towards the former ATH.
🔥 CAKE Reversal: Bullish Move Continued?Since my last CAKE call, CAKE has gained over 20% in value. The reversal area did indeed mark the low for the short term and the $21.5 target was reached with ease.
As of now, we're trading near the 0.236 Fibonacci retracement. CAKE is trying to pierce through it, but facing strong selling pressure.
We either pierce through the resistance in the coming couple of hours, or we might re-test the 0.382 retracement to try again later.
Target for the next week is placed at $26.
Happy trading!
Cake to 36.86 $ USD?In my last analysis we were able to observe a triangle that was invalidated as a result of the market crash, however not everything is negative. This fall managed to show us a bullish channel in #CAKE which is very positive.
Within this new bullish channel we have a new triangle that should break no later than the beginning of October and would have as its main target $ 31 and then $ 36.86.
If the market remains bullish, I have no doubt that Cake will have a big rally, assuming that we are days away from its first anniversary and that every Monday there is a burning of tokens that represents 1% / 3% of the current supply. #Cake #Pancakeswap
CAKE On The POC !CAKE is on the support of POC line. MA200 also supports it under this area. We can expect it to move up in the coming days.
⚠ BTC Dominance is on support too. So, LONG trades on alt coins can be high risk now. Don't forget to set stop-loss under the MA200.
📆 Fundamental: NFT Marketplace Launch ( 22 Sep )
PancakeSwap (CAKE) - September 12Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
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(CAKEUSD 1W Chart)
It remains to be seen if the price can be maintained above the 15.1757179-16.1961041 segment.
If it declines from the 9.0760290 point, there is a possibility of entering the mid- to long-term investment area, so careful trading is required.
If the price holds above the 20.0044522 point, it is expected to create a new wave.
(1D chart)
If the price holds above the 19.0812658 point, it is expected that the uptrend will continue.
However, the uptrend is expected to accelerate only when it rises above the 22.7629293 point and breaks out of the downtrend line.
If it falls from the 15.1757179-16.1961041 section, you can touch the 9.0760290-10.8786252 section, so you need to trade carefully.
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(CAKEBTC 1W chart)
It remains to be seen if the price can sustain above the 0.0002687-0.0002903 interval.
If it falls in the range of 0.0001652-0.0002687, it is highly likely to enter the mid- to long-term investment area, so careful trading is required.
(1D chart)
We need to see if we can find support at the 0.0004174-0.0004445 zone and move above the 0.0005074 point to break out of the downtrend line.
If the price holds above the 0.0005074 point, I would expect resistance in the 0.0006578-0.0007068 range.
If it falls in the 0.0003450-0.0003850 section, it can touch the 0.0002903 point or less, so Stop Loss is required to preserve profit and loss.
However, you can touch the 0.0002304-0.0002903 section and rise, so you need to think about how to respond.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
PancakeSwap #CAKE to 31 $ ?After seeing how the target of $ 25 was perfectly met as I mentioned in my old publication, we can see again the formation of a triangle, which should break up at the end of this month, obtaining as a target $ 31 that would represent the 61.80% fibo of the May correction.
However, I believe that if the market remains bullish and we continue with the respective token burn, we will be able to see an even stronger momentum up to $ 36.86 which represents the 78.60% fibo.
Cake is undoubtedly one of my biggest bets in the remainder of the year and I hope to see it reach high prices, which I will share with you later in my next reviews.
🔥 CAKE Recovering After Minor Sell-OffAfter the huge reversal mid-August, CAKE was one of the biggest gainers for over a month.
However, the $26 resistance seemed too hard for the moment, which led to a minor sell-off.
With the crypto market seeing huge returns as we speak, CAKE is well on its way to receover from the prior bearish move.
I'm waiting for CAKE to close the day above $26 before entering a trade. Target would be $30 for the upcoming move.
Happy trading!
CAKE, a long term vision. CAKEUSDTHello my friends, A multi timeframe analysis of CAKE and a long term vision for investment. The price breakup the major resistance and usually after that will pullback to level as a retest. So If the price fixation in this area I expect price growth. You can consider it and the price actions in the circle to buy it. Good luck
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CAKE Consolidates Within Ascending Channel, Eyes Breakout to $28-CAKE has risen 27% over the last week
-Price has been stuck within an ascending channel
-50MA has held as support for a month
Pancake swap has been in a strong uptrend for nearly a month. The rest of the cryptocurrency market has been going berserk as many coins have been surpassing their all time highs. CAKE has been working its way up to its major resistance zone ever since the start of August. Compared to other coins in its class, CAKE has yet to fully breakout and experience a parabolic push. As long as BTC stays steady, CAKE should soon experience a large parabolic push back near $30.
Shown in light blue, we can see how price has respected the ascending channel extremely well over the last month. It has kept price very tight with little swings. Each time CAKE has touched either trend, it has gotten pushed to the opposite. At the time of writing, CAKE is attempting to breakout of the top trend line of its channel. Along with this top trend lies the major resistance area found at $24.56-$26.53. If Bulls manage to clear this zone along with the top trend line, we may see CAKE surge to its given targets.
Consolidation within this resistance zone is likely to occur as its one of the largest areas to break for CAKE to go parabolic. In this case it fails to hold this resistance zone, price will first find support at the bottom trend of its channel. This area is also near a major support level of $22.98. If bears push price down to this level, there will likely be some type of bounce. In addition to these two supports lie the 50MA. This MA has held price up for a month. If at any time CAKE breaks below this, expect a downtrend to occur.
While looking at the Stochastic RSI, we can see that strength is hanging out within the over bought territory. CAKE must break out of its channel soon or it will begin to lose strength. Breaking below the 80 value will likely cause a retracement to occur. The RSI has been attempting to break a downtrend line for many weeks now. For CAKE to really see some explosive growth, price must fully break this downtrend line & aim towards the overbought region.
CAKE Intraday Analysis
Spot rate: $25.33
Trend: Bullish
Volatility: High
Support: $24.56
Resistance: $26.53
HONEYBEAR FINANCE IS HOT!OK so it's been a big drop but look at the Boll bands dialing in and the cloud pulling out of a dive and leveling out and LOOK at all the volume is green. Ok if I run the fibs on this to measure the power of this tide it is gonna be huge we should see consolidation from here and then energy will build up for a nice size wave up after that. Of course after a big drop just before. I like the rates BEAR is Paying for farming and pools but if I see Bear close below 490 on the daily I'm out. But I think the real gem is this toke HONEY. It is the layer 1 token and should be worth the most. I have it pegged at !30-137 for a buy. Bear is probably valued at around $900 and Honey should go back to the $400's. When layer 3 comes out I think it will be GEM coin and You will want to have all the BEAR and HONEY you can get because the only mintable token from layer 3 could be GEM so these 1st layer tokens are the ones that are limited time to get the funds in the project then we will see if they do what the promised or do a rug pull. but the next few weeks will be exciting on these layered finance tokens farmable now on beefy finance and honey bear finance 9-13% a day and pools for 4-6 % a day...WOW!!! BIG MONEY! awesome platform very smooth and the exchange feature utilizes pancake swap.
#CAKE, #PancakeSwap is approaching resistance: potential +24%!A quick look at PancakeSwap (#CAKEUSDT, 1D, Binance):
According to CoinMarketCap, "PancakeSwap is an automated market maker (AMM) — a decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return." The token registered an impressive +98% gain over the last month, following the trend of the overall market.
Main Points
Price approached resistance at $21.17. If it flips it to support, price could easily head to $26.28 for a +24% profit.
If rejected, closest support level is at around $19.
Strategy
If price breaks the resistance (wait for confirmation) :
TP1: $26.28
SL: n/a(*)
If you want to read more about PancakeSwap on CoinMarketCap, click here .
What do you think?
Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
But if you enjoy my chart, please like, comment or follow me. :)
Thank you and Happy trading!
(*) I do not use Stop-Loss for the simple reasons that I do not margin trade, and I trade only assets that I do not mind keeping long-term should the price suddenly crash.
------------------------------------------------------
Some of my charts represent actual trades, and some are just paper trading.
Needless to say, this is not financial advice!
PancakeSwap (CAKE) - August 10Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(CAKEUSD 1W Chart)
If the price is maintained above the 15.1757179-16.1961041 section, it is expected to create a new wave.
(1D chart)
If the price is maintained above the 20.0044522 point, we expect the uptrend to continue.
If it goes down, we should see support and see if we can move up the key zone of 10.8786252-16.1961041.
'How far will it rise...'
'If you know this, you will be able to realize profits...'
So, if you look at my chart, unfortunately, you can't tell.
Setting a target point is a good habit for good trades.
However, it must be a target point that you set yourself.
A goal set by someone else is practically meaningless because it's likely to be unbearable until you reach that goal, and your goal point may change along the way.
If you dare to set the target section on this chart, you can set it as the 38.3519782-40.8453058 section that forms the high point section.
Will you be able to climb all the way up at once to reach the goal section?
Will it be able to overcome the volatility that shakes up and down to the target section set by others?
“Where will the purchase principal be recovered from?”
You need to think about this.
'How to increase the number of tokens remaining by recovering the purchase principal'
-------------------------------------
(CAKEBTC 1W chart)
There is nothing to tell from this chart.
However, if the price is maintained above the 26870 Satoshi-29030 Satoshi section, it is expected that the upward trend will continue.
(1D chart)
If the price holds above the 34500 Satoshi point, it is expected to turn into an uptrend.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)






















