CAKE
cake usdt daily a long shadow on 15 to 14 $ could be a sign of the end of downtrend . it must be happen in next week . after that i expect a simple 5 Elliot wave with written targets. blue colored channel is an important dynamic trend. trade with money management and your own understanding of market .
CAKEUSD - 1D - strong move expected soonHello guys,
According to the tight bollinger bands, i expect a strong move soon on cake.
Price is currently above 0.5 fib level.
Furthermore, this one as been moving inside a big consolidation triangle since a long time...
Depending on BTC (strong downside move) we could see a retrace to the lower fibonnacci levels (0.618 / 0.786). Resistance levels are shown with the red lines.
NFA
#CAKE will moon soon | #PancakeSwapHello Padawans,
first of all, do not take this as a piece of financial advice.
The cake is a token that is built on #BinanceSmartchain, and the cake token is based on #PancakeSwap.
PancakeSwap is the main swap for BSC.
Now they have so many fascinating functions in Pancakeswap.
A Swap
A Pool
A Farm
A Launchpad and so on.
TA about the cake you can see as the image I have shared.
Let's watch what will happen next to the cake.
Cheers.
May the force be with you.
CAKE/USDT Symmetrical triangle. The price is at its resistance.The area of level 18 has become a support zone. There is a local accumulation in this zone under the very important trend resistance (red). Symmetrical triangle with a base of 350%. Also do not forget about false breakdowns. The price is at its resistance. Working with this triangle resistance (resistance to the main trend).
PancakeSwap (CAKE) coinmarketcap: PancakeSwap (CAKE)
🔥 CAKE Major Weakness: Bearish ChannelA while ago I made an analysis on CAKE and the bearish channel it was trading in:
CAKE is one of the weaker coins in the market at this moment in time. It never really recovered from the September crash and traded sideways at best. I'm expecting a strong drop in CAKE's value over the coming days/weeks.
I'd be looking for a reversal when CAKE touches the lower bound of the channel.
Happy trading!
🆓PancakeSwap (CAKE) Nov-17 #CAKE $CAKECAKE has a strong support at $16 and it could rally to $18 and $20 within the next few days. The $20 zone is a very important resistance zone, if it can break through it it can continue to rally strongly towards the $24 and $32 zones. But if it loses the $16 zone, we might consider buying back the $14 and $11 zone
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 16$ zone
🔴Buy : 16
🔴Sell : 18 - 20 - 24 - 32
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 16$ zone
🔵Sell : 16
🔵Buy : 14 - 11
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
CAKECake, after a month rising, ended up forming into a flag. He had his premature breakout on the 7th, showing a Bull Trap, a long trap. Demonstrating that bulls were not so hot. The funny thing is that I just realized that we still have a Trench (rectangle or accumulation) call it what you like. The important thing about this is that we have two important factors to consider:
1. Bull trap
2. rectangle
If Cake breaks this rectangle it will have a currency devaluation of almost 18% or more, it will all depend on whether it holds straight support or not. Time to get smart with this coin!!
BUY BACK OPTION ON CAKEUSDTDid you miss the first buy opportunity on CAKEUSDT? If your answer to this question is Yes, then you are not yet missing out. This analysis on CAKEUSD T shows that you can still acquire yourself some cake and make profit. What do we have? We have very interesting price action.
- Market broke out the symmetric triangle
- Break of structure
- The end of a complete retrace
- And also we have the W pattern. After a W pattern, we expect the market to retrace back to the neckline and continue the move the upside, thus completing the impulse correction impulse (basic market concept).
It is also interesting to not, that the demand area that was found by the market, is in confluence with the 61.8% of the Fib, which is considered by some traders as being the golden ration of trading.
So if you missed the first buy (Orange Zone), you can still buy once more or add the cake to your bag in view of making some profit on the coin.
N.B: Make sure that you make good use of money and risk management beause of the volatility of the crypto currency market. This is not a financial advice. make sure to do you own research if possible.
CAKE is getting ready to reach the MOOOOOOON!In this chart, you can see a clear downtrend that seems to be broken and there is a pullback on the same downtrend line. Also, the good news is a really strong SUPPORT about 16.5$.
On the other hand, a nice HL is happened (17.2$). So we can wait to will occur a HH in the feature.
btc usdt hourly chartBitcoin Consolidation Continues, Avalanche Touched $100, Breaking New ATH (Market Watch)
Following the past few days of enhanced volatility, bitcoin has calmed around $64,000. Most alternative coins have also remained untypically stagnant on a 24-hour scale, with the apparent exception of Avalanche, which went on a roll and registered a new ATH.
Bitcoin’s Consolidation Rolls On
Last week was going quite well for the primary cryptocurrency as it had recovered from its dip to $60,000 and went on to chart new records. It broke the October peak of $67,000 on Tuesday and did it once more a day later, with the latest ATH standing at $69,000.
However, it couldn’t continue north. Just the opposite, it slumped by $6,000 in a day and dropped below $63,000.
The asset bounced off initially and reclaimed $65,000 before another price decline drove it to a weekly low of just over $62,000, as reported yesterday.
Since then, BTC has recovered some ground and touched $65,000 a few hours ago. However, it failed to remain there, and another multi-hundred dollar retracement has driven it to just over $64,000.
CAKE/USDT: Daily Timeframe, Traget is $114 end of the year The cake is at its most critical time. CAKEUSDT daily chart forms a triangular pattern And it fluctuates between two important Fibonacci levels for more than 2 months. If cake breaks triangular pattern upward, Targets are $31 and $44
If the bitcoin reaches $100,000, CAKE can reach $114
CAKE has high potential to grow, just buy if...!Hi dear followers, CAKE token is undervalued in my idea and there is a big move ahead for this token.
At the moments this token is completely in a downtrend as u can see, There is possibility for more falling before going up.
Where is the best place to buy?
If you want to buy this coin, The most important thing is to wait for breaking up the downtrend trend line. Buy after breakout and re-test.
ATH is easily in access for this coin and until end of the year.