Having been moving in a downward channel since April, the Cake reached the lower boundary and started to form an upward channel from there. Price broke through the 50, 100 and 200 MAs on the 1H Timeframe. Volatility has increased and volumes continue to rise. I expect a small correction with a fix above the liquidity zone before continuing to rise.
CAKE is one of the cleanest and easiest charts to read. We have a simple ABC correction and we completed the C wave recently. We are now in bullish territory and looking for any opportunities to go long. We have a nice correction forming now and all we need to do is wait for a breakout and enter. Trade Idea: - Watch for breakout of the descending trendline -...
Pancake swap on BSC gonna fly DEFI due for a run and the apy in defi the only place to go w reduced staking rewards and returns in some of these more common avenues. GL not financial advice this may still see downside in June out of mid may as i assume all markets will, but the upside is here i also really like the look of WAGYU swap and a variety of defi as a...
CAKEUSD is in the support area. If the fundamental analysis supports the technical analysis, then we can follow long transactions around level 10 or 5
The huge bullish falling wedge. Maybe it will rise on the next bull run.
Could CAKE Break out this month? ....Possible Price is at 12 months low. Like this idea? Please do a thumbs up. Thank you for watching.
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (8.55). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CAKEUSDT is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (8.55). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CAKEUSDT is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...
CAKEUSD Key levels, Analysis & Targets Wave 2 Fibonacci = 88.7% Price to rebound Wave 3
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (6.33). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CAKEUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (6.33). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CAKEUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...
Hello friends The cake's currency code formed an AB = BC pattern that retreated 61.8% of the A wave. Therefore, I conclude that the price target could have been 1.618 BC wave retreat, which hit its target yesterday and today the market had a good reaction to this area, which caused a 20% growth of this currency code. Cypher is approved with a target range of $ 25...
CAKE/USD Key levels, Analysis & Targets Time frame D1 Bullish Divergences in MACD Indicator
I'm looking for Pairs to trade against each other to offset the risk of a single trade. With a "± simple" calculation of each possible outcome of A UP / A Flat / A down - B UP / B Flat / B down i look wich move in A/B is the most likeliest. CAKE / LRC UP 4 19% CAKE / LRC Down 4 30% LRC / CAKE UP 1 6% LRC / CAKE Down 4 38%
Strong support at $5.00 because 80% drop from B wave top down to C wave, would expect a relief rally at least to $13 and up to $16 corresponding to fibonacci levels between 40-50% conservative as per previous B wave high. - if you have been buying from $10 and down, stake and wait to take profits- I would only take 20-30% with possible retest lower, but preparing...