PANCAKE: FIBONACCI 61.8 IS ACTING AS RESISTANCE PANCAKE, where do we go from here?
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CAKEUSD trade ideas
CAKE - Long - Break out Could CAKE Break out this month? ....Possible
Price is at 12 months low.
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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 (6.33).
. 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 74.
Take Profits:
TP1= @ 7.24
TP2= @ 7.72
TP3= @ 8.59
TP4= @ 9.99
TP5= @ 11.11
SL= Break below S2
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💡Don't miss the great buy opportunity in CAKEUSD @PancakeSwap
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (6.33).
. 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 74.
Take Profits:
TP1= @ 7.24
TP2= @ 7.72
TP3= @ 8.59
TP4= @ 9.99
TP5= @ 11.11
SL= Break below S2
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$CAKE´s road back to $10So it seems $CAKE has woken, finally, a bit.
Well I´m falling short: The Pancake Swap token has seen a horrible $5 figure lately (all time low!) and being back in a $9ish track is no small thing for holders/stakers.
We were in a pretty neat uptrend channel up until March 22nd morning (10am more precisely) when bitcoin made a bold correction downwards dragging everything crypto with it.
Interesting enough, $CAKE attempted to regain such channel but ending up rejecting the $9.5825 level on April 1st, 16pm.
Thereafter it was a swing low only stopped by Fibonacci 0.618 (approx. $8.78-80) and .... Voilà ! A new cloned parallel channel was formed, identical to the prior one.
That´s where we are right now.
Expected oscillation is between 9.89-9.2859 finally leading to a long-waited $10.17 value (perhaps on the 4th of March).
We all hate mondays but...
Keep tuned for more CAKE news!
💡Don't miss the great buy opportunity in CAKEUSD @PancakeSwapTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (8.55).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CAKEUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 9.60
TP2= @ 10.38
TP3= @ 11.59
TP4= @ 12.66
TP5= @ 13.48
SL= Break below S2
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Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in CAKEUSD @PancakeSwapTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (8.55).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CAKEUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 9.60
TP2= @ 10.38
TP3= @ 11.59
TP4= @ 12.66
TP5= @ 13.48
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!
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💎 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 ❤️
Fat traders love CAKE - CAKEUSDDear traders,
Intro: My name is Hugo, I am 25 years old and trading crypto currencies since late 2017. English is not my main language, however, I will try to explain everything brief and clear. Be aware that I am still in the learning curve. Every idea I post is not financial advice and is only meant for entertainment purposes only.
PancakeSwap (CAKE) is a decentralized exchange built on the Binance Smart Chain (BSC). Since 2021, the platform was the largest automated market maker (AMM) on the BSC network, with over $3.76 billion USD in staked assets. The popular DEX facilitates token exchanges, staking, and yield farming.
Besides the fact that PancakeSwap is a huge player in the DEFI scene, the charts looks amazing as well imo. I am buying when it breaks the green line to the upside and retests (swing failure // S/R flip).
Target is in the chart.
Goodluck,
Doctor Hugo
$CAKEUSD Key levels, Analysis & TargetsCAKEUSD Key levels, Analysis & Targets
Wave 2 Fibonacci = 88.7%
Price to rebound Wave 3
cake/usdTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Link to previous chart:
The bottom looks like its in and we should be working towards wave (3).
cake/usdHello friends
The cake's currency code formed an AB = BC pattern that retreated 61.8% of the A wave. Therefore, I conclude that the price target could have been 1.618 BC wave retreat, which hit its target yesterday and today the market had a good reaction to this area, which caused a 20% growth of this currency code. Cypher is approved with a target range of $ 25 to $ 26.
what is your opinion ?
$CAKEUSD Key levels, Analysis & TargetsCAKE/USD Key levels, Analysis & Targets
Time frame D1 Bullish Divergences in MACD Indicator
CAKE Long LRC Short ?I'm looking for Pairs to trade against each other to offset the risk of a single trade.
With a "± simple" calculation of each possible outcome of A UP / A Flat / A down - B UP / B Flat / B down i look wich move in A/B is the most likeliest.
CAKE / LRC UP 4 19%
CAKE / LRC Down 4 30%
LRC / CAKE UP 1 6%
LRC / CAKE Down 4 38%
Cake bullish play short term set upStrong support at $5.00 because 80% drop from B wave top down to C wave, would expect a relief rally at least to $13 and up to $16 corresponding to fibonacci levels between 40-50% conservative as per previous B wave high.
- if you have been buying from $10 and down, stake and wait to take profits- I would only take 20-30% with possible retest lower, but preparing for any major bullish change.
CAKEUSD with WTZ1 and WTZ2 in multi-swing setsCAKEUSD has been forming on WTZ1 and WTZ2 trade set up in multi-swing setsWTZ2 in downtrend (TF Day). We can measure the target price with Fibo P.200% together with Fibo E.61.8% measuring from the multi-swing sets. It's possible to continue the downtrend to this target. So, I decide to open short again for BNB and also other crypto coins with this setup due to high expected rewards with limited risks.
PancakeSwap (CAKE) - January 22Hello?
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(CAKEUSD 1W Chart)
Above the 9.0760290 point: the uptrend expected to continue
Above 16.1961041 point: Expected to create a new wave.
If it does not quickly rise above the 9.0760290 point, it may enter the mid- to long-term investment area, so careful trading is required.
However, it is important to move sideways around the 9.0760290 point to break out of the downtrend line.
It must rise above the 16.1961041 point to turn into an uptrend.
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(CAKEBTC 1W chart)
Above 0.0002903 point: Expected to create a new wave.
It must rise above the 0.0002903 point to turn into an uptrend.
If it declines from the 0.0001652 point, there is a possibility of entering the mid- to long-term investment zone, so you need to trade cautiously.
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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 the price trend is in an upward trend or a downward trend, 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 be able to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for 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 buy opportunity cheap prices coming up- Ladder down from 14 down to $10.
- Stake on pancakeswap and hodl
- holders have been growing insanely, great chance to swing up to $100 in few months.
cake go to 80 dollar ?if successfully brake red line looking entery . this is ready to new ATH around 80 $
CAKE MOON OR DOPE :)
It looks like the cake made a false breakout by coming out of the channel. purchases have come from its strong support and it has made a bear trap.
but still nothing clear yet for ıt to go to the moon.
A value of 16.75 is critical. if above this value it can break the channel upwards. When it comes back to 16.75, we can take a position and go to the moon.
Don't forget, it has to break the channel above 16.75.
Get that Cake - Long on CAKETime to get that cake
Long on CAKE perp
Conditions :
- broke out of range
- wait for retest to previous resistance
- determine a rebound and long from there
Target :
The 200 EMA on the 4H confluence with previous supply zones
CAKEUSD ForecastCAKEUSD is blocked by 11.5. The current candle is actually bearish by its opening but not by its low.
It's not a sweet cake, nor bitter. It's neutral.
But there is a bullish presence in there, but we have bearish interests due to a zone that is already closed which is 10.85. The setup will need patience.
9.9639534 is the potential target for a bias of 8.7571298
.
Khiwe
On this profile page, the shared analysis, ideas, and also, the strategy of a chart belong to Khiwe with some being influenced. The technical set-ups are speculative, they are not guaranteed for accuracy or completeness in the form of any content; it is not to advise on financial markets. Please apply your own analysis and confirm it with price action.
CAKE should not break below current volume supportCAKE should not break below current volume support.
There is a huge lack of volume below what can lead to a fast down movement, if this volume support does not hold.
A confirmed breakout of the price and volume resistance in reverse would finally lead to new ATHs.
What do you think about that? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*no financial advice
do your own research before investing
