CAKEUSDT has been trading in a descending channel formation and has been flirting with its trendline resistance placed in the range of 15.80-16.00USDT.
In the past 24 Hrs, trading volume(CAKE) has increased sharply by more than 64%. And, the whole DeFi segment has been trading in the positive territory, with UniSwap gaining more than 15% in 24Hrs.
Key...
Looking for a possible breakout of the falling channel followed by a possible inverted Head and Shoulders . My entrance level would be at the bottom of the right shoulder depending of the market ( BTC / BTC .D) at that time. Always safer to enter a confirmed breakout.
There are signs of a trend breakout. There is a false break of the support
We just have to wait and break the trend
Goals 18.4
21
Stop Loss
9.1
Anyone who wants to support me with cake
0x381207a3a560a65f745ca3e1dac2514c2ddd9955
CAKE has alreadyy dropped around 18% over the last few hours. Pancakeswap's native token has shown that it has a strong community behind it that supports the project and a lot of legit projects coming to the platform consistently.
The chart seems that there will be an upward progression and CAKE can giv a profit of 10% in short term positions.
Cake USDT, even on Bearish level has the potential to go with 18 - 22 an a take profit area! So, what are you waiting for? Accumulate some sour now and get sweet part on the future!
PancakeSwap's native token, CAKE, is something that has given a lot of profits to investors with its movement so far.
The price keeps growing steadily and we can see a smooth upward trend in the chart which seems that it will continue in the future as the chart shows there is not any strong resistance in the way to go UP.
Happy gains and Happy trading to everyone!
look forming falling wedge aline with FIB 61% level , currently breaking the wedge , looking to buy if it retest around 13$ .
Technical analysis not considering any fundamental .
===Not a financial advice Don’t follow blindly ===
CAKE is one of the newest additions to Binance. On the first day it was trading in a huge 300% percent range, indicating that there was a lot of interest in this coin.
Like often happens with new listings, there's a lot of volatility in the first day, after which the volatility dies a little, only to pick up again at a later stage.
Bitcoin's most recent sell-off...
Hi Folks,
after a longer period of focusing on my trading I am back with some ideas.
Not sure you are familiar with the Binance Smart Chain (BSC). Basically it is like the Ethereum network, but with appropriately low transaction fees.
PancakeSwap is a Binance Smart Chain-based DEX (decentralized exchange). I wasn't really aware of it until the recent Binance Coin...
Good morning to all respected Investors and Traders,
I made a simple analysis for CAKE/USDT after the token listing on couple of exchanger
It's so Bullish a long long run..
I reckon you guys to entry at my sign, HODL, and Time will tell..
Thanks,
critiques and comments are super appreciated
PS: This is not financial advisory or even education. Please DYOR...
Hello to you all. Mars Signals team wishes you high profits at all times.
The price has experienced high degree of falling up until now. We think that it will be able to go passed it’s trend line and experience higher prices.
But if it is able to go out of its uptrend line, as it is out, it will be a good opportunity to buy it.
Of course there is also the...
Given the expense of GAS right now, many are looking for a cheaper DEX alternative. .. And whilst not 100% decentralised (as CAKE runs on Binance Smart Chain) .. I think that given the vertical movement we've seen in BNB today, many DEX investors may have their eye on this one.
Based on latest price action, the channel could be adjusted like this. Took the close of the candlestick for the first high, since the top of the wick would create an unrealistic channel south
