CAKEUSDT , We should sell now because ...Hello everybody
According to the chart we shown it , we are in downward trend and we had fall down price suddenly but the momentum of the movement is becoming weak to fall more and more , we had breakwave and now its seem the correction of the break wave is done and ready to retest again the bottom that made .
CAKE is one of the most powerful token in DeFi base , and use BSC and BNB for trading , Do you know what does it mean ????
Dont forget use stop loss and observe money management
Good Luck
Abtin
Cakeusdt
cake usdt daily a long shadow on 15 to 14 $ could be a sign of the end of downtrend . it must be happen in next week . after that i expect a simple 5 Elliot wave with written targets. blue colored channel is an important dynamic trend. trade with money management and your own understanding of market .
#CAKE will moon soon | #PancakeSwapHello Padawans,
first of all, do not take this as a piece of financial advice.
The cake is a token that is built on #BinanceSmartchain, and the cake token is based on #PancakeSwap.
PancakeSwap is the main swap for BSC.
Now they have so many fascinating functions in Pancakeswap.
A Swap
A Pool
A Farm
A Launchpad and so on.
TA about the cake you can see as the image I have shared.
Let's watch what will happen next to the cake.
Cheers.
May the force be with you.
PancakeSwap (CAKE) - November 18Hello?
Welcome, traders.
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(CAKEUSD 1W Chart) - Mid-Long-Term Perspective
Above the 9.0760290 point: the uptrend expected to continue
Above 15.1757179 point: Expected to create a new wave.
(1D chart)
It must move above the 19.0812658 point to turn into an uptrend.
If the price is maintained above the 15.1757179-16.1961041 range, a move is expected to move upwards above the 19.0812658 point.
If it deviates from the downtrend line, it is expected to rise.
First resistance section: 19.0812658-20.0044522
Second resistance section: 29.5050311-32.1525450
First support section: 15.1757179-16.1961041
Second support section: 9.0760290-10.8786252
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(CAKEBTC 1W chart)
Above 0.0001652 point: expected to continue uptrend
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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CAKE/USDT Symmetrical triangle. The price is at its resistance.The area of level 18 has become a support zone. There is a local accumulation in this zone under the very important trend resistance (red). Symmetrical triangle with a base of 350%. Also do not forget about false breakdowns. The price is at its resistance. Working with this triangle resistance (resistance to the main trend).
PancakeSwap (CAKE) coinmarketcap: PancakeSwap (CAKE)
CAKECake, after a month rising, ended up forming into a flag. He had his premature breakout on the 7th, showing a Bull Trap, a long trap. Demonstrating that bulls were not so hot. The funny thing is that I just realized that we still have a Trench (rectangle or accumulation) call it what you like. The important thing about this is that we have two important factors to consider:
1. Bull trap
2. rectangle
If Cake breaks this rectangle it will have a currency devaluation of almost 18% or more, it will all depend on whether it holds straight support or not. Time to get smart with this coin!!
BUY BACK OPTION ON CAKEUSDTDid you miss the first buy opportunity on CAKEUSDT? If your answer to this question is Yes, then you are not yet missing out. This analysis on CAKEUSD T shows that you can still acquire yourself some cake and make profit. What do we have? We have very interesting price action.
- Market broke out the symmetric triangle
- Break of structure
- The end of a complete retrace
- And also we have the W pattern. After a W pattern, we expect the market to retrace back to the neckline and continue the move the upside, thus completing the impulse correction impulse (basic market concept).
It is also interesting to not, that the demand area that was found by the market, is in confluence with the 61.8% of the Fib, which is considered by some traders as being the golden ration of trading.
So if you missed the first buy (Orange Zone), you can still buy once more or add the cake to your bag in view of making some profit on the coin.
N.B: Make sure that you make good use of money and risk management beause of the volatility of the crypto currency market. This is not a financial advice. make sure to do you own research if possible.
CAKE is getting ready to reach the MOOOOOOON!In this chart, you can see a clear downtrend that seems to be broken and there is a pullback on the same downtrend line. Also, the good news is a really strong SUPPORT about 16.5$.
On the other hand, a nice HL is happened (17.2$). So we can wait to will occur a HH in the feature.
CAKE/USDT: Daily Timeframe, Traget is $114 end of the year The cake is at its most critical time. CAKEUSDT daily chart forms a triangular pattern And it fluctuates between two important Fibonacci levels for more than 2 months. If cake breaks triangular pattern upward, Targets are $31 and $44
If the bitcoin reaches $100,000, CAKE can reach $114
CAKE has high potential to grow, just buy if...!Hi dear followers, CAKE token is undervalued in my idea and there is a big move ahead for this token.
At the moments this token is completely in a downtrend as u can see, There is possibility for more falling before going up.
Where is the best place to buy?
If you want to buy this coin, The most important thing is to wait for breaking up the downtrend trend line. Buy after breakout and re-test.
ATH is easily in access for this coin and until end of the year.