Cakeusdt
CAKEUSDT: SELLING PRESSURE ON PANCAKE SWAP, WILL IT GOES DOWN?Hello Enthusiast Coin Traders! Here's medium-term outlook for CAKEUSDT , Please give us the thumbs up and support the channel by Smashing the FOLLOW button :)
CAKEUSDT broke out of the Rising Wedge pattern. Rising Wedge Pattern indicates a potential bearish movement ahead. The MACD indicator starts crossing down below the zero level, it signify the potential bearish bias ahead.
The roadmap will be invalid after exceeding the resistance/target area.
DISCLAIMER:
This is only an outlook, not a recommedation to buy or sell the cryptocurrency.
Cake right now is close to opportunity zone!Hello guys 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
it's simple as drinking water! do not miss the chance, if the price hits 9$ zone(every time the price came near to this zone after a short time this coin pumped) do not hesitate and buy one step!
The mid-term target is MA200 for me.
Note: right now in the BSC chain, Cake has the most TVL! and it's $5.5b also mcap/tvl ratio is 0.5119.these parameters can show us investing in Cake has less risk than other coins for now!
Hope you enjoyed my analysis, You can support me with your likes and comments! (always open to hearing points from the others)
Attention: this isn't financial advice I'm just trying to share my vision and remember we must always see what's up with BTC after that go buy altcoins. never forget investment principles and do your research before investing.
PancakeSwap (CAKE) - December 7Hello?
Welcome, traders.
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Have a nice day.
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(CAKEUSD 1W Chart) - Mid-Long-Term Perspective
Above 9.0760290 point: Expected to create a new wave.
(1D chart)
It is necessary to check whether it is possible to ascend with support in the volume profile section formed in the section 10.8786252-16.1961041.
If it declines from the 9.0760290 point, there is a possibility of entering the mid- to long-term investment area, so careful trading is required.
To accelerate the uptrend, the price should remain above the 19.0812658 point.
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(CAKEBTC 1W chart)
1652 Satoshi point and above: expected to continue upward trend
2903 Sakoshi point and above: Expected to create a new wave.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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$40 CAKE in December? Thank you Santa!
Nice multi-week flagging structure ready to breakout.
New ATH is possible.
Precondition:
- Orange zone has to hold.
- We have to break out of the descending channel.
- Price might retest the negative trendline upon break.
Buy inside the Orange Zone.
Sell inside the Red Zone.
NFA/DYOR please.
CAKEUSDT , We are in bottom of historyHelloooo everybody
According to the chart that we shown everything , the price is currently is in bottom of history and is in heavy support zone that we expect the price can range and support from here
We wanna to publish this idea in one of the community that ... is secret :D :D
You can buy one part of your capital in here and wait until the target reach
Previous analysis :
Good Luck
Abtin
CAKEUSDT AnalysisHello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
open pos: market and lower
target: 20 - 28 - 35
after first target reached move ur stop to breakeven
stop: ~under 12 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 5
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to your questions or suggestions.
CAKE update$ 10 support worked well ...
I published the support levels in the previous post ...
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If you have any questions, you can write it in comments below, and I will answer them
And please don't forget to support this idea with your like and follow, thank you...
Time to get fat on some $CAKEBINANCE:CAKEUSDT I've been holding a small bag of $CAKE on pancake swap while it has been consolidating. It looks like it might finally be following in $BNB's footsteps. BNB has been soaring the past few weeks and it may finally be time for it's dAPPs to follow suit. I am adding more CAKE to my pancake swap bag to gain the extra 70% APY while this swing trade develops. We have basically seen CAKE consolidate for the past 70 days, let's see if it can gain any momentum.
Entry: $20
Resistance: $21-21.50, if we can push over these lvls it can start to run again.
Plan: swing CAKE with PT's beginning around $24.30ish with hopes of seeing momentum to blow past $30.
SL: would start to cut losses if we dip below $19 again, I have been staking for a while so I can afford to hold longer. I will scale out at support levels below $19 looking for first exit if we drop below $18.50 just to be conservative.
CAKEUSDThey traders
Read the Chart
what u think about Cakeusdt ?
is this already bullish ?
or bears coming out ?
In my opinion, with all its potential, it seems very risky
i believe that patience has no harm, but hurry ... u know :)
still w8ing for minor Support
by the way, Share your chart and vision, it would b helpful