PancakeSwap (CAKE) - 31-05-2021I think we are going to see new highs in the coming weeks/months.
Now that everyone is scared, I zoom out the chart and the trend is still bullish for now no need to panic.
Don't forget to like my post, Kind Regards.
Robin kok.
CAKE
CAKE / USDT Recently Added Coin on BinanceCoin for local work, breakout entry or pullback after a downtrend breakout. Group 3.
It is worth adding that the usual practice is used, the price on low-liquid exchanges is accelerated by burning money and the Binance exchange is added at the very top of the pump. The maximum price on the market was $ 18.9. Now there is a pullback and the price is $ 10.9. But the humor is that tradeview doesn't show charts for small exchanges. On them, the price was 14 times lower recently than the price now at the "bottom" of the Binance exchange. There are a lot of inexperienced traders on the Binance exchange who will buy "at the bottom", therefore, you can make money on this.
When large market participants drop their positions, for this you need to generate a wave and interest from speculators and investors, you can make money on this. An example of such coins that gave hundreds of percent and were added to Binance at more than 10 times the price when listed. For example, here is this coin, for which I made a trading idea for which the profit was more than + 700% at the moment. And for manipulators 267X!!!
+ 735% since the publication of my trading idea, and for "conspirators" ( manipulators+Binance ) more than 296X !!!
The price is still in an uptrend.
BIFI/BUSD& I think the min target for this trade for short term is 1100$ (15% from now) & for long term its above 3k.
CAKE - Important accumulation zone before being bullishThe price is trapped inside the 20 and 50 averages, this zone must be broken to confirm the trend (bullish or bearish).
Basically we continue with the same idea presented previously.
MANAGE YOUR RISK! The loss you take in case of failure should NEVER be more than 2% of your total capital. NEVER. You invited to share your vision in the comments. Thank you
Pancake Swap - $CAKE - Rejecting Resistance Zone - My ThoughtsWe saw PancakeSwap's CAKE token hit lows we haven't seen since mid-March over the last few days.
Looking forward, I want to see if CAKE breaks through this resistance zone and then I'll buy the retest.
I'm not sold BTC has recovered and if we do see another major BTC pullback, alts will take a beating and that includes CAKE.
Be cautious and wait for confirmations. Take profits on big days like yesterday.
DISCLAIMER: This is NOT financial advice. My content is meant for entertainment and general information purposes only. It's only my opinion and should not be taken as financial, legal or tax advice. I'm not a licensed financial planner or investment advisor. Cryptocurrencies carry a lot of risk and you could lose everything when buying and selling them. I will not be held responsible for any losses or gains as a result of my content. Please DO YOUR OWN RESEARCH before making investment decisions.
CAKE - Precise as a Swiss watchWe need to break the bearish channel and the resistance zone to be able to go bullish.
MANAGE YOUR RISK! The loss you take in case of failure should NEVER be more than 2% of your total capital. NEVER. You invited to share your vision in the comments. Thank you
PancakeSwap (CAKE) - 24-05-2021I'm going to unstake 50% and then start staking CAKE and BUSD together for more APY.
We are not sure yet if it is a BEARmarket. I don't really think so, we'll see in the coming weeks if we don't pass the 0.618 we will most likely make a lower high and we will descend further. That's why I take a 50% profit around 30.
My idea for CAKE/USDT for the weekendI'm just a beginner chartist but I cannot ignore this double bottom pattern potentially forming.
If the red dynamic resistance line is broken with some volume (and retested) then a break above the purple neckline may be in the books, followed by a break above the last support turned resistance. If then that level is retested and it holds then we are looking forward to a move higher up. Please watch all the key levels that I circled on the chart. If you go long use proper stop losses and you may also want to take small profits on the way up at the key levels.
Remember, the bull trend has not yet been confirmed on the 4-hourly chart, we are still officially in a bear trend on the short term. We may as well see further downward movement regardless of my observations.
PancakeSwap - $CAKE - What I'm Watching For On The ChartsDISCLAIMER: This is NOT financial advice. My content is meant for entertainment and general information purposes only. It's only my opinion and should not be taken as financial, legal or tax advice. I'm not a licensed financial planner or investment advisor. Cryptocurrencies carry a lot of risk and you could lose everything when buying and selling them. I will not be held responsible for any losses or gains as a result of my content. Please DO YOUR OWN RESEARCH before making investment decisions.