PancakeSwap CAKE - The Road to $150PancakeSwap is the place you trust when it comes to swapping your AltCoins.
Its symbol: CAKE ( CAKEUSD , CAKEBUSD , CAKEUSDT ).
If you take a look at this one, it's a no-brainer.
Things are looking up.
Although the Crypto Markets have been smashed lately, the Sun will shine on almost all projects.
And I intend to be ready. Got myself a portfolio and adding gently to it on most big dips.
HODLing requires patience, but time passes anyway, so might as well do something with it.
My next buying point is: $1.2 .
So, let's ramp things up with some awesome CAKE Trade Idea.
CAKEBUSD Technical Analysis:
* Elliott Wave Impulse: Cycle a (white)
* A-B-C Elliott Wave Correction: Primary A-B-C (red)
* Ending Diagonal in Primary C (red)
* Bullish Divergence
* 88.6% Fibonacci Retracement
* 61.8% Fibonacci Extension of Primary A &B (red)
* Demand Zone
* Double Bottom
Early '23 I'm expecting a start of a greater cycle.
Good luck HODLers!
Demand Zone
Bearish on SPY.
As you can see here we have approached a demand zone at immense speeds. I am looking for a breakthrough of the demand zone, retest and a flush down possible on monday. We are in an overall down trend on the 15-minute chart.
SPY IS A BUY!
Spy is a buy right now. We are in a demand zone and heikin ashi candlesticks have turned green. I would wait to enter until we have a strong green candlestick on the 15 minute with high volume. #SPY
E-MINI S&P 500. Education. Situation analysisIn keeping with the idea outlined in the linked post, I wrote about the possibility of an aggressive short trade from the 4340.75 defense. Such an opportunity did indeed arise. Explanations for the diagram.
After the seller defended the level, the price updated the local minimum, which means it reached the mandatory target for a short trade. Since the deal was considered aggressive, it had no further development.
Then the price reached another level of 4351, and from the protection of this level by the seller, a full-fledged short movement began
Good luck in trading!
Disclaimer:
This case study is for educational purposes only and does not constitute investment advice or recommendations.
The trading or investment ideas presented here are for illustrative purposes only and are an integral part of a case study demonstrating the concepts of using volume to analyze or trade within the market scenarios discussed.
EURUSD demand reaction1) Following H4 structure.
2) Liquidation zone.
3) Unmitigated zone.
4) Expecting at least a reaction towards the H4 high.
Following H4 demandPrice is reacting to H4 demand, the goal is to follow it.
If it breaks this level, it will increase the chance of a deeper pb on the daily timeframe. If that's going to happen, I believe it should be during major high impact news, such as CPI next week.
THIS IS NOT FINANCIAL ADVICE!
XAUUSD Possible tradesHi Guys I'm back with Analysis on Gold this time.
Last Friday gold touched major supply zone around 1930 and started selling off. It was a perfect opportunity since we had a supply area + trendline, a perfect confluence. Now we could wait for the area to be tested second time and upon reaching there make sure you get the confirmation in lower time frames.
Below the current market price we have multiple areas of demand which the immediate one is 1907 that has been tested once on last Friday and this could be the second time. Again make sure you check for the confirmation in lower time frames.
Beneath our immediate demand level there are other demand zones which you could take trades should price reach there.
Just like always I'll try to keep it simple.
Be honorable
POSSIBLE TRADESHere are possible BTC trades which could be taken. At the extreme point we have an supply area which has been tested once and strong rejection is an indication of major sellers there. next time the price gets there we could take a short for the second run.
Below the current market price we have multiple demand levels which could be potential places to go long. Our immediate demand level has been tested many times already and taking a trade upon this level requires more insight which could be evident provided that you check lower time frames.
Lower demand levels could also turn into lucrative opportunities to go long. Just make sure you have those areas on your chart and upon reaching act based on your own entry setup.
Be Honorable
Bullish Momentum and Shorting TacticsGBPUSD is currently at its last support on the bullish trend. If the market closes below 1.1799 on the weekly chart, it will turn bearish.
For those seeking a buying opportunity, the Bullish Crab Pattern may present a good chance at 1.2132 on the retest.
Xauusd-Two legs are complete!Gold has reached the important daily supply area, it is expected to drop to the 50% Fibonacci level which is accompanied by daily demand.
XAUUSD ↗️↗️ Demand zone+ oversold Hello Everyone 🙋🏽♂️
As we could see the price hit the demand zone with an oversold on the RSI, with a Bullish Doji Star . Strong buy .
in my opinion 🔴 Stop loss 1800
🟢Take profit 1 1850
🟢Take profit 2 1900
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP
Don't forget to hit the like bottom and write a comment to support us.
Follow us for more 🙋🏻♂️
Best Regard / EMA Trading .
Disclaimer:
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It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market .
AUDNZD I Strong Demand Level AheadWelcome back! Let me know your thoughts in the comments!
** AUDNZD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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NZDUSD: Failing Order Block ❌Price is quickly approaching the main order block/demand zone and buyers will begin scaling in shortly. Personally, I believe price is going to completely disregard this demand and collapse straight through it. With this thesis, we could potentially look at selling into the liquidity sweep from this region.
AMD opening @ reversal zone with max dip ~97-98Watch AMD for a bounce at 97 on a market open fakeout.
I already alerted puts (bearish) @ 108 and the stock is already down -8%. That's a large gain in 3 days. Watch for key reversal. If it doesn't reverse, can see a lot of volatility.
Tagged the puts idea.
👀 AAPL very close to support, medium risk swing hereWill be looking @ NASDAQ:AAPL for a medium-risk swing here.
Currently sitting on demand zone. Looking for an easy bounce back to 174 then will re-evaluate. Either way, if it bounces back to 174, it would be testing "breakout" of that trendline.
Normally, though, that trend line rejected from today is an indication that the trend line is valid and price should continue in the direction. I'm digging the demand zone here; hence, medium risk.
Welcome to follow for more. I'm all over all the NASDAQ:AMD NASDAQ:AAPL NASDAQ:TSLA NASDAQ:QQQ AMEX:SPY NASDAQ:NVDA CME_MINI:NQ1! CME_MINI:ES1! charts everyday.
💯 AMD not a lot of sell pressure down here. Watch itFor a swing I'll try to get a good entry on AMD. I've been trading it up and down for 2 weeks now. See my ideas. At 108 I said it should get rejected and fall back to support. We are at 103.XX now. I ideally want 99-101 for a long entry but I don't think there's too much selling pressure here anymore.
Watch it above 104.60 for a breakout.
We all see the flag on AMD daily chart:
Follow and like this idea for more insights. Welcome to join my community! Thanks for reading.
🔥 TSLA safe swing at demand zone and trend (max dip 2nd TL)I normally don't swing anything in a choppy market, especially with a giant head and shoulders signal on the daily NASDAQ:QQQ AMEX:SPY charts:
However, the NASDAQ:TSLA chart shows two potential trendline supports forming. Both are valid trends. The blue one is a bit more recent, so the price will react here, possibly to 260/ 278.
In the event that NASDAQ:TSLA shows some weakness, get ready to #buythedip @ the white TL. That's super strong support and would be a 3rd touch bounce.
Targets 260 and 278 at first.
Of course, I day-trade NASDAQ:TSLA NASDAQ:AMD NASDAQ:NVDA everyday, welcome to follow and see what I post.
Stay tuned for more fire content.
NVDA opening @ reversal zone with max dip ~417Watch NVDA at this opening reversal zone. Potential to keep dipping to 417 on a market-open fakeout.
I will add more insight later. But watch this play.
AMD @ flag trendline & 200 SMA. Next major demand zone 85 to 88If you remember my post from earlier this/ last week, my max dip on NASDAQ:AMD short term was 96-97. This is exactly where we're opening today. Expecting a small reversal that which the strength of will wholly depend on CME_MINI:ES1! CME_MINI:NQ1! AMEX:SPY NASDAQ:QQQ
200 SMA bounces are usually very strong. When price starts heading below this SMA, you should start to be cautious. Of course, sometimes there's a mini fakeout under the SMA and right back up.
Watch this critical level here.
EURUSD Possible Buy SetupPrice is currently within a range but if price breaks the range to the top side then i look for confirmation to enter a buy.
GBPUSD Possible Buy SetupI have not shared ideas in a while.
GBPUSD is still in a downtrend but if the possible buy setup present itself I will take it. The trend is likely to change to an uptrend.
SOLANA LONG TERM (1D)Solana is in the news of late due to the worry that FTX will have to sell their holdings in SOL and Solana based altcoins.
Solana tokens account for $128m out of the $1.5b in assets on the Solana network held by FTX. The fear is that a dump of these coins would be detrimental to the altcoins price.
For me the chart is simple. When we look at the 1D chart there is a clear mini range we're working with. Large wicks at the high and low of the range, at the midpoint there is a small bearish FVG just above. I believe this is where we will trade for the remainder of this year.
Now that we're at the 0.25 line and looking to react off it, I could see a retest of the midpoint, and if a SFP after tagging the FVG I would look to target the demand zone for a long term hold.
For the next bullrun Solana is definitely a large cap alt that is set up to be one of the top gainers. With an ATH of $260, we are already at a great long term hold entry point. However, the best spot buy is in the demand zone. A sweep and reclaim would be great for the bull run to come.
The supply zone may be difficult to fill in the next few months, given the FTX news, general market/macro sentiment and recession fears. I would expect a retest to come in Q1 of 2024. If we don't tag the demand zone and move into the supply zone that would be a good short opportunity in my mind.
Overall, this is a complicated matter. The token itself has huge potential to reach its ATH in the coming years, but Solana must weather this storm successfully in order to get the chance to reach its potential. Buying blood and being patient will be rewarding.
GBP/USD Trade Opportunity on the 1-Hour Introduction
In the fast-paced world of forex trading, seizing the right moment is paramount to success. In this analysis, we’ll delve into a promising short trade opportunity on the GBP/USD currency pair, focusing on the 1-hour timeframe. With a well-defined supply and demand zone strategy, we’re strategically entering a short position as the chart breaches our demand zone, anticipating a move towards the support zone indicated by the blue rectangle.
Chart Dynamics: Demand Zone Break
As seasoned traders, we recognize the significance of supply and demand zones in determining potential reversal points. In this scenario, our chart has breached the demand zone at the bottom, signaling a shift in market sentiment and providing an enticing entry point for a short position.
Trade Parameters
To capitalize on this opportunity and effectively manage risk, we’ve developed a comprehensive trade plan with the following parameters:
Entry Price: 1.20520
Enter Until: 1.20190
Stop Loss (SL): 1.21020
Take Profit (TP): 1.18920
Risk Management
Prudent risk management is the cornerstone of a successful trading strategy. For this trade, we are risking only 2% of our capital, ensuring that our overall portfolio remains protected even if the market moves against us.
Conclusion
In the dynamic world of forex trading, it’s crucial to remain vigilant and make informed decisions. The GBP/USD short trade on the 1-hour timeframe, initiated as the demand zone is breached, is a testament to a strategy rooted in careful analysis and disciplined execution. By closely monitoring price action and adhering to the outlined trade plan, traders can position themselves for potential profits while safeguarding their capital.
Remember, trading always carries inherent risks, and there are no guarantees of success. To navigate the forex market successfully, it’s essential to stay informed, adhere to your trading plan, and continually refine your skills. May your trading journey be marked by precision and prosperity!
