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...
Under current market conditions, this could be a trap or the start of something bigger.
In any case I will follow my strategy🙂
UCTS Buy printed on the daily(8% up already)
Breaking a long descending trendline & showing the 1st signal since Sep
Take it or leave it
CAKE - just burned $104 Million worth of tokens today and website is just upgrading. Just looking how BNB is exploding right now, my next biggest pick for long term buy will be CAKE.
See you at the top!