CAKEBUSD
PancakeSwap (CAKE) formed Bullish Gartley | Good buy opportunityHi dear friends, hope you are well and welcome to the new trade setup of PancakeSwap (CAKE) with Bitcoin .
On a 4-hr time frame, CAKE has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Potential retrace to ~ $15 area, before a move higher ..$CAKE broke out of an Adam & Eve double bottom, and is now forming a bullish pennant on lower timeframes (6h and lower, and even somewhat on the daily chart).
Though volume seems low, and the stochastic RSI is showing potential bearishness.
There's a good probability we break down out of the pennant, for a small correction before moving up towards previous ATH of ~$21.45 and then higher.
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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.
Trading opportunity for short position-CAKEUSDTBased on technical factors there is a short position in :
📊 CAKEUSDT PancakeSwap
🔴 Short Now 9.18
🧯 Stop loss 10.20
🏹 Target 1 8.50
🏹 Target 2 7.50
🏹 Target 3 6.20
💸Capital : 1%
We hope it is profitable for you ❤️
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CAKE LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on CAKE as price shifted the market strucutre from bearish into bullish, price reversed to fill the bullish imbalance and from there we have a clear area into 12/14 price area where price has a lot of price inefficiencies that should be closed.
What do you think ? Comment below..
CAKE LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on CAKE as price shifted the strucutre from bearish into bullish making (bos move) price retraced back into the W1/D1 imbalance and from there we can see a push towards bearish orderblock area on the D1. Market Sentiment in crypto for now is in a EXTREME FEAR meaning there is a good buying opportunity.
What do you think ? Comment below..
CAKEUSDT (4H "LONG" 25%-50% PROFIT SPOT)Targets are : Short Term $7.15 - Mid Term $8.3 - Long Term $10
Reasons for long :
Huge volume !
Huge engulfing !
Ressistance breakout
Avarage true range
for sure there would be corrections dont get panic
if you buy it in spot market no need to use stoploss
GODBLESS
CAKE COIN - Update ✅CAKE rejected the 5.50 - 6.00 price area as we expected in the previous analysis, from a technial perspective we are from there in a bullish market strucutre. Price shifted the strucutre from bullish into bearish somewhere around 7.0$ where it broker above the last high with a huge momentum. The long-term targets for CAKE are around 11.50 where we have a bullish imbalance. This should happen in the future, but i will wait for a retracement somewhere around 7.50 / w1 imbalance and then enter LONG TRADES from there
What do you think ? Comment below..
CAKEUSDT LONGS 💰💰💰💰 Expecting bullish price action on CAKEUSD as price shifted the structure from bearish into bullish making a BOS (break of strucutre) move, i think for now we will see a retracement move then the price will go higher to fill the BIG BEARISH IMBALANCES aka price inefficienies around 10.23
What do you think ? Comment below..