Chart is marked with targets
Yes, I realize the targets that I've marked
When it crashes, it might be BIG.
It won't make it to 25 without retracing on the way up.
I could see it top out around 6.9 in an alt coin pump
Personally, I'm quite bullish on this coin.
Hello fellow traders and investors, from a Dollar of NASDAQ:CAKE price rise to 3$, Not explaining too much, this is only my POV on charts, we might test first 12$.
I will update once price goes there, Trade it or Buy it.
This is not a financial advice, Follow for more.
We are not in bearish. but the index still high on crypto, around 70+
So either you...
Cake is the yield farming incentive token and major LP pair on Pancakeswap
And was a major winner in the last cycle
People were buying Rolex's off cake rewards from pools alone!
So it's bear market is clearly over.
And the chart appears a #DEFI season is upon us.
Current price action suggests a Bull flag.
Entry points matter - but bull markets correct...
According to our analysis of the BNB/USD chart and the Cake/BNB ratio,
It can be expected that the price in the Cake/USD chart will continue its wave C to the range of 200-600 in the weekly time frame in the form of a three-wave ABC.
Target: 100-200-400-600
CAKE (Pancakeswap) completed its third push to the upside and rendered four Daily candles in a row with large wicks on the top. Today's close marks the fifth. Does that mean we're in for a drop?
How do we trade this? 🤔
I believe a pullback here is imminent. That doesn't mean a short is justified, we are in a bull trend and our bias should remain long. However,...
PancakeSwap's Fiery Transformation
In a surprising turn of events, PancakeSwap, one of the leading decentralized finance (DeFi) platforms on the Binance Smart Chain (BSC), has just executed a massive token burn, incinerating a staggering 8,740,957 NASDAQ:CAKE tokens, equivalent to a jaw-dropping $25 million. This unprecedented move has left the crypto community...
Current Trend: CAKE price shows potential for a bullish run, signaled by a morning star pattern.
Next Target: The focus is on surpassing the $4 mark, which could lead to a continuation of the upward trend.
Intraday Growth: CAKE experiences a 2.19% rise, trading around $3.60 and forming a bullish engulfing candle.
Pattern Significance: The formation of a morning...
CAKE had a fantastic bounce off of the $2.14 support area and ripped to $2.92! We're close to the next resistance area of $3.135, what does that mean for our trade opportunities?
How do we trade this? 🤔
We're too close to major resistance to long on this timeframe (or any timeframe for that matter), we need to wait for either a break of that resistance level,...
Bullish Breakout: CAKE's price demonstrates a strong bullish trend following a symmetrical triangle breakout.
Challenging Resistance Levels: Currently challenging the $3.79 mark, CAKE's trend indicates potential for further gains.
Recent Surge: CAKE price saw a significant 21% increase, pushing past the $3.50 barrier.
Pullback Signals: The current intraday...
PancakeSwap executed a beautiful bull run and pullback, forming an arched pattern toward the 200EMA where we bounced and broke out! The price is in meander mode toward the upside on new support.
How do we trade this? 🤔
We do not have any signal candles or patterns to suggest the next move, any trade here carries a low probability of profit. If we long, our...
Bullish Pennant Pattern Formation: CAKE shows a bullish pennant pattern in the daily chart, indicating potential for an upcoming breakout.
Sideways Trend Near $2.5: Despite a golden crossover, CAKE's price has been moving sideways, hovering close to the $2.5 mark.
Potential Breakout to $3.5: A breakout above the overhead trendline could propel CAKE's price...
Rounding Bottom Pattern with Neckline at $2.74: CAKE forms a rounding bottom pattern, indicating a bullish trend with a crucial neckline at $2.74.
Potential Bull Run Imminent: A trend continuation pattern in the daily chart suggests an upcoming bull run.
Breakout Rally to $3.5: If CAKE successfully breaks out, it could potentially rally to $3.5.
Marketwide...
CAKE price signals a bullish reversal journey, setting the stage for a potential breakout rally.
Daily chart forms a cup and handle pattern, indicative of a bullish fightback for trend control.
Bullish pattern breakout could propel CAKE price to $3.5, fueled by a recent recovery phase.
Recent bullish candles hint at a reversal, attracting buyer interest above the...
PancakeSwap is bullish in more ways than one! The price is playing out a beautiful two-legged pullback after a strong bull run; an indicator that the bulls are in control and more upside is probable.
How do we trade this?
With a two-legged pullback after a bull run and the RSI above the Moving Average with room to spare on the upside, we have to remain...
Bearish Trend: CAKE experiences a substantial 22% drop in the last seven days, approaching the critical 50-day EMA, indicating a bearish trend.
Retest of Golden Crossover: The decline brings CAKE closer to a potential retest of the golden crossover, suggesting a pivotal moment for price action.
Potential Reversal: A bullish reversal from the $2 mark might propel...
CAKE is crawling sideways in between a bull channel and above the Weekly Resistance. The price hasn't been able to break above the 30EMA nor has it broken below the Weekly Support.
How do we trade this?
The overarching trend is bullish, so we should set our bias to long. The price is establishing support at the previous Weekly Resistance, so it's reasonable to...
CAKE is in a descending wedge pattern and currently flirting with breaking out. After last week's bull bar closing near its high, we had a slight pullback to the 30EMA and bounced back to the top of the wedge. We have yet to breakout let alone confirm a breakout. Until then, this is what we have for data:
Key Points
1. The Descending Wedge Pattern is...
