Get started

Cakeusdt

CAKE profit 10% after 1h SHORT signal - more to come?Please Like or Follow if you enjoyed this content. UPDATE: The price dropped 10% after Short signal. This trade was a piece of cake! Price is below Ichimoku cloud and RSI is still bearish. Then again RSI and CBrown is forming a bullish divergence. CCI is oversold. A bounce up is likely. However if price drops here another leg, next support is around 10.10 USDT. This analysis is made with my "Supertrend Ninja - Clean". It displays only the last few signals. Which gives it a clean look. When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. A red background indicates a possible bearish downtrend. Currently CAKE is still in a downtrend on the 1h chart. Supports and Resistances are highlighted as grey blocks. Profits can be taken at each grey block. Supports and resistances are automatically drawn using my indicator "Yo Show Me Some Support - and Resistances". Pun intended. Thank you for reading. Namasté 🙏 What Indicators Do I Use: In the chart I am using my "Supertrend Ninja - indicator", which is a trend-following indicator (Green and red vertical line with arrows). When the background of the candlestick closes green (vertical line) with an upwards pointing pink arrow. It indicates a possible bullish (up)trend. "Supertrend Ninja - Clean", a cleaner version of "Supertrend Ninja - indicator", which only displays the last few signals. With each trade proper risk management is essential. Either by using my script "Trailing Stoploss Bottom Activation indicator", visible as grey dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using my "HA Trailing Stoploss Activation", the indicator below with green and red blocks. Or third option, exit when the Supertrend Ninja indicator displays a vertical red line with a downwards pointing black arrow. Remember, the first stop(loss) is always the cheapest stop. Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
Short
by Kch28
1
scalp dot rune hedge luna avalanche egldThis is the chart I've been following, usually with this strategy i go on the smaller time frames to look for what is not respecting BTC's trend for retracements after a new candle move. if a crypto maintains it's strength as BTC goes negative its a high chance that it will break out. from the pack. overall dot rune and cake look like they're making good movement towards the upside. so setting stop limit buys above large resistance can be very lucrative in this volatile time. the OBV is very low (sub 100k) which in all likelihood could show a very valuable time to buy.. but being negative it's still speculative whether this is a bull trap or an accumulation phase. Luna has been on a skyrocket towards the upside for sometime but has some worrying liquidation in the 60s and its very volatile I wouldn't suggest high or even moderate amounts of margin calls as compared to stable coins like Ethereum and BTC. personally im interested in pancake swap during this uptrend as people may be more inclined to look for arbitrages from liquidity pools and with binances cake/usdt using only 0.00 trading mediums it has a lot of strength in the orderbook so smaller % scalps can be easier to obtain. whatever happens on the NYSE open I'm happy if other people use multiple chart comparison strategies it feels better to know what's over/undervalued compared to the current market.
by joshryanslattery
1