Not sure why but it has been acting quite bullish over the last 10 days..
Currently trying to see if its able to hodl/flip the ~20k sats area (and avoid a rejection similar to what Aug 7 showed)
If this occurs, there may be room for an additional 20% run-up.
Cake broke downtrend an complete a retest
from here price can rise up as much as width of the broken channel , then if a break happen arounf 0.0003 resistance we can expect touching 0.0008 again in longterm !
Hello everyone, let's take a look at the 1D CAKE to BTC chart as you can see the price is moving in the local uptrend channel.
Let's start by setting goals for the near future that we can consider:
T1 - 0.0001561
T2 - 0.0001664
T3 - 0.0001768
T4 - 0.0001915
Now let's move on to the stop loss in case of further market declines:
SL1 - 0.0001463
We are looking at CAKEBTC (PancakeSwap) and we can easily see a bullish move developing.
Notice how the 16-March low led to a move that was rejected at MA200.
Now, we have a new low 12-May which will be followed by another test of the MA200 resistance at 0.0001910.
That's a 22% price jump from the current price.
The stop-loss can be set right below...
This is a weekly pattern but is just more visible on daily chart!
Hi guys this pattern of cake/btc is close for a breakout so i bought some cake and staked it on binance. You could leverage this trade but personally I'm planning to jump on spot because i want to hold cake to ath and above while also staking cake! this is NFA! DYOR especially if you're a leverage trader!
I don't think that cake could bounce to all highs, but it's in a nice area where funds could accumulate, even at these lower prices it's #56 at Coinmarketcap.
- ABC to the downside, wave C 5 clear internal waves, the bottom might be soon.
- Harmonic Gartley that I didn't draw, but retracement to .61 and pulls back to .78-.886 area is a clear Gartley.
I would not...
CAKEBTC is testing the static resistance 🦐 after the price had a breakout from the dynamic one.
IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure ->...
CAKE started breaking out on BTC pair. We saw double bottom on CAKE/USDT pattern with higher lows and hopefully we will see a higher high which will confirm uptrend.
Breaking out of triangle on BTC pair will help us rise. Wait for confirmation and then I think our train is ready to go.
Everything is ready for a great pump
The long downtrend line in the daily time frame is ready to break due to the compaction of the candles below the trend line .
Also, the price in the Fibonacci area is 1.618, which can push the price up from this area.
The rsi downtrend line is also ready to break.
In case of breaking the daily trend lines and rsi , the price...