CAKE / USDT - 30 DAY TRADEHere is one of our member calls from our patreon for you all to trade for free, we hope you enjoy our calls and please hit the like button, more trades on our history check the signature panel at bottom or our profile.
CAKE
🎂CAKE follow BNB. Is it time to buy after 15% fall?After BNB annaunce investing in Cakeswap it`s pump for 17% in 8 hours. As you see at volume indicator someone sells a lot of the coins (take profit). But why the price dump to the previous valua area of $4.34-4.42? The SEC raised a suspicion of Binance similar to the Ripple case. Allegedly BNB are shares of the exchange, which is not allowed by law. This news dump even Bitcoin for 6%!
📊 What is good for bulls?
🔶Price is trying to close inside the valua area of $4.34-4.42. It`s the first sign of strength.
🔶The second positive sign for bulls is the volume growth. What this mean? Someone open additional long possition because there is enough liquidity to buy.
🔶If the price start to squeeze to the trendline and additionally volume will grow it will be the third signal that bulls show the strength and ready to pump the price.
🔶Closure of cases of possible violation of the law by Binance exchange will give a strong boost to the price of BNB and CAKE.
Targets for long are marked on chart:
$4.88 - key level
$5.65-5.85 - value are
📊 What is good for bears?
🔶The bulls were traped even on BTC so it`s possible that the price of all alts will follow the BTC price if the dump continue.
🔶If the SEC continues to investigate Binance, all altcoins linked to this exchange (CAKE, BNB, WRX, TWT) will consolidate or fall for a long time. For example, Ripple, which is about 2-3 years in a similar position in the bull market grew less than Bitcoin, although it has a capitalization of 10-15 times less.
🔶The false breakout of the trandline will b additional sigmal that the bulls haven`t enough power to push the price higher.
Binance is the largest crypto exchange and it`s hard to image that it will be banned. Perhaps the exchange will just pay a small fine, since the proceedings only concern 2017.
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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Elliott wave Cake, yummy soon. Fun chart, looking for one more leg down, may be completing something, so watching this count.
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Bullish Flag on CAKEUSDTBased on technical factors Bullish Flag there is a long position in :
📊 CAKEUSDT
🔵 Long Now 0.00
🧯 Stop loss 4.320
🏹 Target 1 4.880
🏹 Target 2 5.110
🏹 Target 3 5.500
💸Capital : 1%
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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
-dii thing when -di is moving down price will grow look at that 2 vertical line how it worked but u must back test from this strategy
🚀Cake breakoutAfter couple of weeks, finally CAKE break the pattern...
Let's watch the rally🚀🌕
What's your opinion?
Share your analysis with me🤝✍️
The fat kid loves $CAKE$CAKE the local token for the PancakeSwap exchange on the Binance Smart Chain BSC has seen a significate drop after it's launch to ATH at $44.
The bear market and drop in price for BTC has really hit it hard but the project remains great with genuine use case.
10's of coins are launched on the PancakeSwap exchange everyday it is still seen as the 'go to' for new coins and projects to launch.
While I anticipate further moves to the downside to BTC and the market as a general I am looking for an entry into $CAKE around the $2.5 zone
EIW theory puts it back up at $5.3 to put in wave 4 before a further dump to put in wave 5, possibly down to $2.2 which would be a great price to but in my opinion (depending on the state of the market and BTC)
An ABC correction will be expected after wave 5 which according to EIW will put the price back up at $20 once wave C is in for a possible near x10 move.
Combine this with the staking options that are available on the PancakeSwap website pancakeswap.finance with the fixed syrup pool offering up to 125% APY if you stake for 52 weeks (1year) which is an incredible return.
Add #CAKE to your watch list guys
CAKE shortCAKE bounced off the resistance level. Asset broke trough off the ascending trendline. Bearish movement to support level at 3.8 is possible.
Break the CAKE, new lows? new range? God knows...The case presented it's on the premises that we are going to continue the downtrend. On the other hand, if the price can go and challenge the pink trendline, I will reconsider all of this. Until I prove otherwise, I believe this is the most likely thing to happen.
CAKE shortCAKE broke trough the ascending trendline. Asset broke trough the support area. Bearish movement to support level at 5.3 is possible.
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.
PANCAKE-USDTGreetings,
Price has been in a downtrend since May 2021, but nevertheless there have been 2 times a bounce from local lows of 100%, the last time in March from a price around $5. After that, a test of the past support zone, around $10, which has now become a resistance zone.
Possible entry points to go long: On a breakdown of the downtrend, or look for an entry point on a retest of support around $5 and the formation of a double bottom.
Daily chart.
A rise and a correction that could be a flag band.
The targets when this pattern is worked out will be the length of the flagpole.
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Always use STOP, and do not use a leverage higher than x3.
A trader must always have tomorrow.
CAKE - Easy 300% Move Pending... 🔥CAKE 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.
Goodluck!
New FixedTerm Staking Works GOOD !With this new fixedterm staking till now PS semi-burned about ~74 Million cake tokens !
And also Pancakeswap is going to redesign tokenomics of CAKE token so they can burn even more tokens weekly ! Then what do you think !? ^_-
And if we talk technically as you can see price is in uptrend channel and after this panic sell off it is now going to create a reversal pattern !
So we can have 2 scenarios here :
1- if BTC drops more with bad news we can see lower prices bcuz of market crash ! strong support is around $7.2 next $7
2- but if market starts to heal up again... we can see higher prices again ! first target is around $10 next is around $12
what do you think !?
Leave a comment below !
CAKEUSDT.A PIE THAT WORKS.CAKE USDT investment plan.
A fundamentally interesting project with passive income. There is a personal portfolio with a dividend winner. After investing ideas, we will tell you how you can earn by storing tokens at 50% per annum in coins.
Payback plan. I allocate 10% of the deposit. Increased volume due to the dividend history in annual terms.
1.5% Purchase order at $5.6
2. 5% on purchase order over $3.5
Sales plan
1. 30% sale of coins for $ 27-30. We take our investments with a plus, leave free coins.
2. 30% sale of coins for $40-42.
3.40% sale at $58-60 for the new alt season.
Is it CAKE?We are literally "stuck" in between 2 golden zones with 2 algorithms that have 2 different targets.
This is literally a battle between bulls and bears or a.k.a. Ping-Pong within a range.
Bullish Flag pattern ?!idk why but i think cake made a bullish flag pattern i think these scenarios can happen to cake !
MY PERSONAL OUTLOOK ON PANCAKESWAP...!This how I see the Pancakeswap chart. I think that the current area is really essential and needs some reverse from 7.15, then rush to the main trendline again. My risk free level is around 9.30$
CAKE shortCAKE broke trough the ascending trendline. Asset broke trough the support level. Bearish movement to support level at 6.16 is possible.
Do you want some cake?At the request of a subscriber.
Breaking through the downtrend on high volumes, it is advisable to bury the day above the current values, the price has not yet corrected the fall, so there is an increased probability of going down to 0.5 fibonacci. The option of working out this scenario is higher if there is a retest after the beating, after the retest, you can apply the fibonacci extension and start from these levels.
Option to cancel the scenario closing the day below the downtrend.
It is better to enter after fixing above the downtrend
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