CAKE
path to 50Cake is stuck in a consolidation pattern but looks to be in a bull flag
Target (depending on how you read the flag pole) looks to be north of 50. I have my first target at the 2 fib level. Could go all the way up to the 2.618.
I found a fractal that was right before this one that had some similarities with confluence to the same level the flag pole would tag us to.
Of course, this all depends on the stability of the big boys ($eth and $btc) but this is definitely one that has cooled off and primed for another big move soon.
Cake cake cake cake
DYOR and GL!
Cake; on the Bottom of ascending channel CAKEUSDT is on the bottom of its long term ascending channel, in lower time frame it forms a falling wedge and a double bottoms as well.
So it have a very bullish chart and a upward rally is expected any time soon.
in case of breakout, targets are: 39- 42 - 49 - 58 dollers.
happy hunting!
CAKE USDT in correction waveElliot wave completed and now correction wave is in process. So, now cake can retrace back to 0.618 fabonacci level. And then starts its extension wave,
This is not any financial advice but i'm trying to learn. So, any expert may guide me in my mistake in reading this chart.
CAKEUSDT - How to find a good CAKE entryCAKE and pancakeswap are trending hard right now, its a great defi solution that's innovative and has triple A backing in Binance.
The common thought for most is, how can I get in on that profit?!
One way to do it is buy low, sell high! In order to buy low, you need a good entry, luckily, I think I've found one!
In todays video I go over how I find potential entries for profitable trades and apply it to CAKEUSDT
=== TimeStamps ===
0:00 = Welcome!
0:35 = Patterns
1:20 = Fibs
5:20 = Resistances
7:30 = Price path
11:00 = Entry
12:05 = Stop limit
12:30 = Take profit
14:45 = Fundamentals
15:15 = CoinMarketCap
17:30 = Tradingview ideas
18:50 = CoinMarketCal
19:20 = r/pancakeswap
CAKE, CAKEUSDT - two possible scenariosHello guys,
Quick idea here
The CAKE/USDT pair continues to move in a short-term downtrend. Now the bull flag pattern has reached the previous horizontal resistance (and our target from the initial call when the price was $22), which turned into support. From here I expect a reversal with the next target marked on our chart.
The daily chart is in line with the consolidation pattern as well.
So in brief, I think if the price stabilized around this area we will see an uptrend continuation and reach the $45 target, then make a pullback to $40, which will be turned into support. The more pessimistic scenario will be to break below the support and touch the lower boundary of the bull flag, very similar to what we had on April 18.
Old idea here:
Stay safe !
Cheers
CAKEUSDTHello to you all. Mars Signals team wishes you high profits at all times.
This currency has both strong fundamental news and has technically implemented the floor-shoulder pattern. We can buy stairs for the above purposes.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
$CAKEUSDT - Bullish flag, just wait for it to confirmHello everyone!
Bullish flag spotted on PancakeSwap.
Although the pattern is completed and it should resume bullish, I highly recommend to wait for a breakout.
If sell-offs continue, there is a strong support at $30 - $28 area, which is a great buy zone.
Cake (Pancake Swap) : Learning The Bull Flag PatternBull Flags (Shorter Term)
Currently on CAKE:BTC we have a Chart Pattern called a Bull Flag forming. Which I have explained below & in the above chart.
• BEST ENTRY IS often when price fakes out under support or above resistance
• MIN 2 Touches each side
• PRICE MUST MOVE STRAIGHT UP or DOWN BEFOREHAND (or it is not a true flag pattern
• HIGHEST SUCCESS RATE of any chart pattern
To identify a Bull or Bear flag pattern the first key characteristic is the FLAGPOLE. The flagpole is usually a staight upwards or downwards move, if the flagpole is not abnormally straight upwards/downwards then it is probably a poor example of the pattern.
Price should then consolidate in a parallel channel (it can be sloped), this is the “flag”. The flag is a pause in the market before a up-move or down-move and we measure the flag pole for a possible price target. Bull & Bear Flags according to backtesting have the highest success rates out of any chart pattern - success rate being when they hit the potential measured move (the original flag pole height is measured, and added to the swing before BREAKOUT for a possible price target as shown in the diagrams).
The first entry is on the 4th touch of the pattern. It is also common for these patterns to have a THROWBACK (also known as bullish / bearish retest) before continuing in the direction of the breakout, this is marked as point (B) on the chart and the second entry point.
Look for bull flags forming on top of long term resistances (not below) and the opposite with long term supports on bear flags to increase probability of success also.
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So while CAKE continues to form then breaks out and stays above this Bull Flag pattern we have a higher probability of strong upwards movement, we will need to see the price eventually claim the 6600-6800 satoshi area as support for this to have a chance of happening.
See idea linked below for further education on Bull Flags.
If you find this information insightful feel free to show your support by liking & commenting, thank you :)
Cake coilingCake target from last bullish break is $50 but this is another pattern forming to watch that could go either way.
DYOR and GL!
Cake - Figure mutation - rectangular flagThis figure is a bullish continuation. Then, to think about a bullish option we must break the upper resistance of the rectangle . It would be dangerous if the 100 EMA is broken, since we would go to the floor of the rectangle . Approximately towards the 200 EMA .
MANAGE YOUR RISK! The loss you take in case of failure should NEVER be more than 2% of your total capital. NEVER.
You invited to share your vision in the comments. Thank yo
CAKEUSDTthis alt has the potential to reach unbelievable values as fundamental but technically the bulls show complete dominance in the chart therefore we consider the last slippage as a correction and go for our targets safely
another mean of publishing this post was introducing a token listing today (10th of may) in pancake swap in name of wealth locks (WLT)
strongly recommend to hold it for more than 3 months for a great fortune
current value is 47.13$
you can do your researches and then enter such a signal
as our observer reported this token showed a healthy fluctuation and we are getting heavy in it with this value . . .
if you entered like we did just head in private chat and discuss the values there
👉This idea has the confirmation of "advanced price action"
👉For more information don't be shy and get in private chat of trading view
👉Hit share and spread the information in public chats or your twitter for everybody to get profit
CAKE needs more cooking!?As you see, CAKE has started a upward W-X-Y-X-Z pattern.
Now the last wave X is going to be completed as a regular flat correction.
In the correction pattern, wave C needs more time to forms a ending diagonal.
After that, it begins a rally!
Cake-USDT updateMid-ascending channel supported cake... static-daily-time-frame resistant (yellow line) and mid-descending-channel was broken successfully... now stabilizing here is important... u can buy at the pullback
REMEMBER: token burning is near
cake usdtBINANCE:CAKEUSDT
if stays in the same uptrend channel the 65$ tarhet is not far off
if the channel is broken the protection ahead are specified
Cake-USDTIn retracement we have a down trending channel with good support at base line... we are now at the mid-channel... with good news about token-burning in near future we are waiting for another pump... Good retracement=Good pump... just wait
