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CAKE

CAKE / USDT Recently Added Coin on BinanceCoin for local work, breakout entry or pullback after a downtrend breakout. Group 3. It is worth adding that the usual practice is used, the price on low-liquid exchanges is accelerated by burning money and the Binance exchange is added at the very top of the pump. The maximum price on the market was $ 18.9. Now there is a pullback and the price is $ 10.9. But the humor is that tradeview doesn't show charts for small exchanges. On them, the price was 14 times lower recently than the price now at the "bottom" of the Binance exchange. There are a lot of inexperienced traders on the Binance exchange who will buy "at the bottom", therefore, you can make money on this. When large market participants drop their positions, for this you need to generate a wave and interest from speculators and investors, you can make money on this. An example of such coins that gave hundreds of percent and were added to Binance at more than 10 times the price when listed. For example, here is this coin, for which I made a trading idea for which the profit was more than + 700% at the moment. And for manipulators 267X!!! + 735% since the publication of my trading idea, and for "conspirators" ( manipulators+Binance ) more than 296X !!! The price is still in an uptrend.
by SpartaBTC
10
Pancake Swap - $CAKE - Rejecting Resistance Zone - My ThoughtsWe saw PancakeSwap's CAKE token hit lows we haven't seen since mid-March over the last few days. Looking forward, I want to see if CAKE breaks through this resistance zone and then I'll buy the retest. I'm not sold BTC has recovered and if we do see another major BTC pullback, alts will take a beating and that includes CAKE. Be cautious and wait for confirmations. Take profits on big days like yesterday. DISCLAIMER: This is NOT financial advice. My content is meant for entertainment and general information purposes only. It's only my opinion and should not be taken as financial, legal or tax advice. I'm not a licensed financial planner or investment advisor. Cryptocurrencies carry a lot of risk and you could lose everything when buying and selling them. I will not be held responsible for any losses or gains as a result of my content. Please DO YOUR OWN RESEARCH before making investment decisions.
by brendanwenzel
8
My idea for CAKE/USDT for the weekendI'm just a beginner chartist but I cannot ignore this double bottom pattern potentially forming. If the red dynamic resistance line is broken with some volume (and retested) then a break above the purple neckline may be in the books, followed by a break above the last support turned resistance. If then that level is retested and it holds then we are looking forward to a move higher up. Please watch all the key levels that I circled on the chart. If you go long use proper stop losses and you may also want to take small profits on the way up at the key levels. Remember, the bull trend has not yet been confirmed on the 4-hourly chart, we are still officially in a bear trend on the short term. We may as well see further downward movement regardless of my observations.
by LaiChee81
2
PancakeSwap - $CAKE - What I'm Watching For On The ChartsDISCLAIMER: This is NOT financial advice. My content is meant for entertainment and general information purposes only. It's only my opinion and should not be taken as financial, legal or tax advice. I'm not a licensed financial planner or investment advisor. Cryptocurrencies carry a lot of risk and you could lose everything when buying and selling them. I will not be held responsible for any losses or gains as a result of my content. Please DO YOUR OWN RESEARCH before making investment decisions.
Long
by brendanwenzel
4
CAKEBUSD (PANCAKESWAP) - BULLISH SETUPANALYSIS 🔎 - CAKEBUSD is on a mid-term uptrend supported by the ascending trendline support. - The market hit an all time high (ATH) and retraced. - Price is retesting the flip horizontal support, the ascending trendline support and the key fibonacci retracement zone (0.5 - 0.618 - 0.786). - There's a relatively high concentration of buyers at this zone. - The retracement is resisted by the descending trendline resistance. - Breakout above this descending trendline resistance could be an uptrend continuation signal. BUY ENTRY ⬆️ - Aggressive entry : the key fibonacci retracement zone . - Conservative entry : breakout above the descending trendline resistance. TARGETS 🎯 - All time high (ATH) resistance. - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the ascending trendline support and 0.786 fibonacci retracement level.
CLong
by Chibuike_Odoh