$CAKE 🍰 Strong Fundamentals !! Cake has just created a new all time high!
If price consolidation occurs above the $30 level. We can expect to make a test towards our fib extension levels.
If price does not break resistance, we could possibly see the low & mid $20 area.
I am very bullish on cake for over a few months now!
A few weeks ago around $85,000,000 worth of $CAKE where burned.
Just recently, with the new Pancakeswap update, all CAKE tokens acquired from transaction fees will be instantly burned.
With simple supply & demand principles:
The progressive CAKE burns will cause a supply shock!
First Projection:
Binancesmartchain
Don't miss bake its very cheap nowThis is a spot position and at this point we have good Risk/Reward
Ready to eat more CAKE? @SmileyTradesHello Traders!
Looks like CAKE has triggered our entry for the Meso Degree setup! Looking for a break of ATH and a target of ~$31.2!!!
Take note...the Stop Loss for the Meso setup is pretty close to the Entry of the Macro setup so make sure you are position sizing accordingly!
Key levels on the chart.
I'll update again if we get either a break of ATH or a Stop Loss of the Meso setup. I will definitely keep my eyes on this.
Happy Trading, always manage risk.
Quality in trading is the ability to react to one's own psyche
WINUSDT Bull Flag WINKS ? 😉😉WIN is the symbol for Winks token . A utility token for winks or blink, an entertainment platform . On the Binance Smart chain.
Utility tokens are quite a thing for me. They don't get stuck moving.
It did an impressive run last 48 hours. Then a correction kicked-in. A good support held it at $0.00053
Formed nice trendline , which may lead to bullish reversal spike . Golden cross ahead on 9EMA
Watch out for a daily candle close above the trendline to confirm another bull run.
Several support levels are below just incase the upper support failed to hold and Bears have control. But this is unlikely.
I am bullish on WIN at the moment. Another ATH target set around 0.00075
I have an entry at 0.00052
Follow 🚶
Like 👍
Share your thoughts !
Cheers to those have eaten CAKE! @SmileyTradesHello Traders!
We have finally met our Macro degree Target! A big congratulations to those who took this trade with me.
I must say, it's been a trade with bottom entries and top targets! It's been ~250% in price gains from Entry to Target! Great trade.
I've included what's next for CAKEBUSD on the chart. Pay attention to how price begins to consolidate after the Target has been met; it will tell you how bullish/bearish it is.
Key levels on the chart!
Happy Trading, always manage risk.
Quality in trading is the ability to react to one's own psyche
$BNB Critical UpdateBNB has had an amazing run up. A small correction / relief was needed.
After printing a double top we have broken the 20EMA level.
There is a good possibility we test the 50EMA which would level out near the trend support.
BNB is super bullish , there is a token burn coming very soon according to CZ. This token burn will remove BNB from supply. Simple supply & demand would correlate to a upward price action.
If price can consolidate above 20EMA level, we would continue further up.
XVS / USDT Venus early breakout in baseXVS Venus early breakout while it is building a base. 10-13% Stop Loss.
1st Profit target: 35% to major resistance at previous ATH. I plan to see how the market is and will probably hold 50% of my position to see if it breaks thru resistance after a rejection. Follow on profit targets if it breaks thru resistance: 50%
I expect Venus to hold above the trendline as circled.
Venus is a Binance Smart Chain project, and therefore should see some tailwind momentum following BNB's epic rise the past few days.
CHZ Bullish hidden divergenceBullish hidden divergence with the RSI indicator (red lines) , 4 hour time frame.
We need confirmation to enter any position , breaking that .50 fibonacci.
If confirmation happens maybe break the next resistance on 0.70 price.
This is an idea , trade at your own risk.
SPANISH:
Divergencia oculta alcista con el indicador RSI (líneas rojas), marco de tiempo de 4 horas.
Necesitamos confirmación para ingresar a cualquier posición, rompiendo ese .50 fibonacci.
Si ocurre la confirmación, tal vez rompa la siguiente resistencia en el precio de 0.70.
Esto es una idea. Tradea a tu propio riesgo.
CAKE / BUSD breakout on binance: I bought the topADDING to my small position on CAKE / BUSD pair on binance, breakout of base.
Looks like a good breakout. I bought near the top of this breakout with a 13% stop. Risky? Yea but there's a lot of momentum behind CAKE and BNB (binance) now.
Profit taking target is probably 1/4 or 1/3 at 30%+, and letting it ride depending on market conditions.