Rising Triangle in downtrend - BullishAs all of you know already , if the ascending triangle pattern happen in the downtrend channel then there is more than 60% possibility to reverse the trend and break the triangle up!
CAKEUSD trade ideas
[UPDATE CAKE] What can happen?Cake move:
Short term:
1) small pump up to 5.5-6$, deviation, dump
2) dump to the mid-range of the small range (3.5$), pump to 8-9$, then dump
Long term:
1) deviation, consolidate in the 1.5-2.5$ range, initiate new pump
2) consolidate in the 1.5-2.5$ range, final dump to Jan 2021 prices, consolidation, initiate new pump
This is true for cake and for many other alts.
$CAKE DAILYCAKE daily
poised to run hard if $BNB does too imo. Has been a market outperformer since June. This chart looks too good. Algo likes it in every way for the first time since August 2021. Fundamentals+Technicals in crypto is rare, but cake has it as Binance Chains #1 DEX doing hundreds of millions of dollars of USD revenue every day. 3 BILLION USD TVL.
I love cake but bearish cake no Cake is coming to Aptos is a bullish news but currently the charts shows me that we are going all the way down for a long walk along side other altcoins and bitcoin… so I’m currently bearish on $cake pancakeswap
💡Don't miss the great buy opportunity in CAKEUSD @PancakeSwapTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (4.606).
. 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 support.
. The RSI is at 65.
Take Profits:
TP1= @ 4.822
TP2= @ 5.076
TP3= @ 5.549
TP4= @ 6.235
TP5= @ 7.138
SL= Break below S2
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💡Don't miss the great buy opportunity in CAKEUSD @PancakeSwapTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (4.606).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CAKEUSDT 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 support.
. The RSI is at 65.
Take Profits:
TP1= @ 4.822
TP2= @ 5.076
TP3= @ 5.549
TP4= @ 6.235
TP5= @ 7.138
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Cake - A Breakout is duePancecake Swap token got rejected in area $5, a resistance area formed during the crash of May - June, when the price plummeted to its multi-year low at ~$2.5 price per token.
Over the course of the past 4 months, Cake has been able to grow +100%, pushed by a positive momentum generated from the additional commitment from several investors in the platform and overall solid and steady investor appetite.
In September, Cake broke a long term bearish trend-line in area $4.4 and was attempting to touch the short-term bearish trend-line from April highs before getting rejected from the resistance in $5 area.
Depending on market conditions, would be likely of a minor correction from here to area $4.2 before trying to break out past area $5.
$CAKE LONGBouncing off the volume shelf in favor of the bulls. One of the few crypto’s with an actual utility as the biggest DEX on the biggest exchange (Binance). No liquidity until 60% higher soon. RSI Breakout ready as well. GLTA
CAKEthe trend for now appears to be upward, if the price reaches target 3, it is possible to continue upwards, forming a new price peak.
CAKEUSD and WTZ4Actually, I staked the coin on Pancake Swap Platform and my coins have been locked for many months without other opportunity. So, I have to find an opportunity on trading instead. I apply my favorite setup for short-term trading. The first TP is expected with limited risks. Good Luck, everybody.
CAKE/USDT perfect long?I just went long on CAKE along with COTI. These two coins seem to have a good short-term upside potential.
Cake High Probability Short-Term target - CFA Qualified Analyst BINANCE:CAKEUSDT
This short term goal should be achievable within 1-3 months. I would suggest having 50% TP at $5.33, a 21.5% gain that should happen in less than a month. You can put another 50% of remaining amount at $8.33 as next target, or 100% of remaining amount which I strongly recommend because price will be pulled back and you can re-enter.
Summary:
1. Entry below $4.5
Target 1: $5.33
Target 2: $8.33
P/S: I am part-qualified CFA holders and have been testing my trading strategy since 2017 from which I have been making decent profits, I don't do this for money or anything but to pass my knowledge to anyone who wishes to learn. Trade safe and stay positive.
The Friendly Analyst
CAKEUSD ❕ downward channelCAKE is moving in a downward channel.
Trading volumes are down.
Price has fallen below 100MA 1H.
I expect the price to correct, but after fixing under the resistance level, the price will continue to fall.
pancake cointhis coin was one I was interested in last bull run with alt coins big on bull runs package sees a lot of traffic with that. being said circulating supply keeps going up which they are trying to stop with big burns happening overall cake needs to break 5.3 mark falling to do so we are still in the bearish movement
$CAKESexy bull div on the RSI here, s/r flip is also holding too. From a technical standpoint, bulls are on the move
$BTCTd sequential printed a buy a couple days ago and nailed it. Looks like we may print an inverted green hammer on the daily today. Bulls moving
PANCAKESWAP, IS THE FALL GOING TO CONTINUE?The fall has be deadly for cryptocurrency generally.
PANCAKESWAP is sitting on $6.9. Is this fall going to continue? Or will the Bull save the fall from continuing?
Please share your Idea, thoughts and comments.
KINDLY: LIKE AND FOLLOW.
CAKEUSD ❕ uptrendHaving 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.
CAKEUSDCAKE 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
- enter with stops below the structure
- Targets: 17, 26, long term target 40
It is possible we may come back to test the structure to create a double bottom before moving so just be wary of that.
Gonna have my CAKE and eat it tooPancake 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 cyclical change.
TRYX ANALYSIS | CAKEUSD |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
