CAKE
CAKE will feed us with 2 Trades !the cake is the best dex and has very much volume on Binance smart chain!
It will be excellent in 2022!
But here; we have 2 logical strategies and low-risk trades!
First; we should enter after a red daily pullback and take profit until upper area ...
Then; we should wait for our second trade and watch that when the upper area will nicely break with the great green daily candle!
And we can enter it on the pullback and be with it to the previous price and next ATH ...
$cake Analysis $cryptocurrencyDear Friend
The candlesticks are weak during the weekly period, and with the current situation, if the candlestick closes in the same way, I expect to return to the support and stabilization area in this zone, and then return and climb to the upper areas.
Resistance: 12.5 - 13
Support: 10.20 9.4
But it is still too early to make a final decision and we have to wait until the weekend.
In daily and weekly time, we have dynamic and static resistance and support, which is shown in the picture.
Disclaimer: Information is provided only for educational and exchange purposes only.
Do your research before taking any action or decision in the real market.
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
CAKE USDT on its way to the ultimate lows, see my analyseHello dear friends
An analysis of Cake USDT. On the chart you find all the details. If Cake stays below the black trend line it is very likely to test the ultimate low.
The price has already bounced off the trend line and is on its way to the target. Does Cake break above the black trend line with good volume and stays there then we can go to the upside at around 17 USD. That is the declining black trend line.
So place the stop for shorts above the black trend line and for longs (only if it breaks the trend line upwards) below the black trend line.
Good luck and happy trading!
Disclaimer This is my view, no advice to buy or sell. Also always do your own research!
--->> Dear friends please follow me for updates and give me support with a like 👍 if you like me to continue this work. Thanks 💚
XMS - Marsecosystem Governance Token is at good spot to buyMarsecosystem.com is a Defi platform that it's goal is to become a central bank in defi world. If you go and see their site you can see some farms and pool that nowhere else you can find those APY/APR. In recent days they did 3 events that they called them Genesis, so they mint some XMS and BUSD to make their stablecoin (USDM) which is listed on Coinmarketcap.com. we saw a hard fall price and bearish trend for XMS, but now USDM is overpriced and become stable. If you check XMS MCap vs USDM MCap then you will see a huge difference that which is cause XMS must support USDM so this means, XMS price have a very good price gain potential even over 5$-10$
If you look at it's chart you can see it has a strong support at 0.29 and it bounced from it. RSI is below 30 and MACD is under 0. I Think this is a very good chance to buy XMS and stake it! cause you can gain from XMS price up and get cake/eth/btc REWARD too cause in this market the best and safest choice is staking.
Please go and research youself and buy on your own free will. I did it myself today, good luck guys and have fun.