CAKE/BTCEverything is ready for a great pump
The long downtrend line in the daily time frame is ready to break due to the compaction of the candles below the trend line .
Also, the price in the Fibonacci area is 1.618, which can push the price up from this area.
The rsi downtrend line is also ready to break.
In case of breaking the daily trend lines and rsi , the price target could be the 0.5 Fibonacci retracement zone.
Cakeusdt
CAKE/USDT ( PancakeSwap ) is support bullish toward $50#CAKE/USDT ( PancakeSwap )
Request Chart:-
$Cake currently trading around $12
And $Cake is strong exchange coin so Its always better to hold in Long term.
And also $Cake giving good Staking ROI around 70% APR
Now as per chart $11-$12.20 is good Accumulation zone.
Targets will be Very high if breaks $17 Strong resistance level.
After Break $17 I personally expected it can Hit $50 and $100 also Possible in Long term.
Its all about Targets.
Stop Loss:- As per chart $Cake will be bearish below $10
So any daily candle close below $10 that not good for Bull.
Long Position - 4 hourHi friends,
In this analysis, a trading setup based on price action is given.
The analysis is completely based on technical analysis and no fundamental information and macroeconomics are included in this analysis, so it is critical to putting the stop loss.
In other words, the analysis may fail due to the general market conditions or the bad crypto news or excitement of the market.
Warning 1: Maximum suggested leverage = 2
Warning 2: In an side market, trades can usually fail.
Warning 3: The approach of the new year can increase the excitement in trading.
Warning 4: It is not a financial advise and it is only my personal opinion.
I wish good profits for everyone
Setup Specifications:
EP: 11.84
TP: 14.68
SL: 11.43
R3: 6.93
CAKEUSDT LONGS 💰💰💰Expect bullish price action as price rejected an important psychological area 10.00 with bullish momentum, we have a bearish imbalance on d1 that should be filled asap also we have liquidity pool resting above 15.00, it is already in profit if you watch my latest posts.
What do you think ? Comment below..
CAKEUSDT LONGS 💰💰💰Expect bullish price action on CAKE as we rejected a nice 10$ psychological level + bullish momentum on d1. We have a huge bearish D1 imbalance that should be filled.
My targets are on bsl ( buy side liquidity ) and way above if price will have a lot of momentum
What do you think ? Comment below..
CAKE ( Pancake ) is at Major Support LevelCurrently pancake (CAKE) is trading at its major support level.
This support level is very crucial for the CAKE to hold its double digit price.
In the past this support level acted as bounce back price for pancake.
If you are planning to add some CAKE to your portfolio then this is a good time buy and if the price goes lower then probably you can do DCA after that. You can also get 70+% APY by staking CAKE at pancakeswap exchange.
Stay tuned for more updates.