short CAKE$CAKE is breaking through the support level after the ascending trendline was broken. Decline to support level at 3.69$ is likely to happen.
Pancakeswap
CAKE shortCAKE bounced off the descending trendline. Asset broke trough the ascending trendline. Bearish movement to support level at 4.085 is possible.
long CAKE$CAKE bounced off the support level and broke through the short-term descending trendline. Bullish movement to resistance level at 4.18$ is likely to happen.
PancakeSwap CAKE long Entry Range, Take Profit and Stop LossCAKE/USDT
Entry Range: $3.80 - 4.10
Price Target 1: $6.00
Price Target 2: $7.70
Price Target 3: $9.45
Stop Loss: $3,39
pancake swap update pancake swap update its a long way to go so many resistances on the way
we need bullish news and volume to break all these
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.
📈PancakeSwap #CAKE $CAKE (July-16)CAKE is forming quite a lot of Bullish patterns at the moment, showing that buying power is gradually returning to CAKE and a reversal could happen at any time.
We can accumulate CAKE in the $3 zone and expect a rally and break out of the Symmetrical Triangle pattern to rally strongly to the $4 and $5 zones in late July and early August.
However, if the $3 zone is lost, it can fall to the $2.5 zone to retest this zone
PancakeSwap shortPancakeSwap bounced off the resistance level. Asset broke trough off the ascending trendline. Bearish movement to support area at 2.5 is possible.
PancakeSwap Easy 22% Jump Explained!We are looking at CAKEBTC (PancakeSwap) and we can easily see a bullish move developing.
Notice how the 16-March low led to a move that was rejected at MA200.
Now, we have a new low 12-May which will be followed by another test of the MA200 resistance at 0.0001910.
That's a 22% price jump from the current price.
The stop-loss can be set right below EMA21/EMA10 (manual).
This is not fiancial advice.
We will track this one.
Namaste.
Cake can break the descending triangleA scenario can be that #cake is going to break the big descending triangle, based on what #btc will do then it will break up soon
Elliott wave Cake, yummy soon. Fun chart, looking for one more leg down, may be completing something, so watching this count.
Check out some of my other stuff and give a like and follow if helpful. Cheers!
Bullish Flag on CAKEUSDTBased on technical factors Bullish Flag there is a long position in :
📊 CAKEUSDT
🔵 Long Now 0.00
🧯 Stop loss 4.320
🏹 Target 1 4.880
🏹 Target 2 5.110
🏹 Target 3 5.500
💸Capital : 1%
We hope it is profitable for you ❤️
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🚀Cake breakoutAfter couple of weeks, finally CAKE break the pattern...
Let's watch the rally🚀🌕
What's your opinion?
Share your analysis with me🤝✍️
PANCAKESWAP, IS THE FALL GOING TO CONTINUE?The fall has be deadly for cryptocurrency generally.
PANCAKESWAP is sitting on $6.9. Is this fall going to continue? Or will the Bull save the fall from continuing?
Please share your Idea, thoughts and comments.
KINDLY: LIKE AND FOLLOW.
CAKE shortCAKE broke trough the ascending trendline. Asset broke trough the support area. Bearish movement to support level at 5.3 is possible.
Gonna have my CAKE and eat it tooPancake swap on BSC gonna fly DEFI due for a run and the apy in defi the only place to go w reduced staking rewards and returns in some of these more common avenues. GL not financial advice this may still see downside in June out of mid may as i assume all markets will, but the upside is here i also really like the look of WAGYU swap and a variety of defi as a cyclical change.
PANCAKE-USDTGreetings,
Price has been in a downtrend since May 2021, but nevertheless there have been 2 times a bounce from local lows of 100%, the last time in March from a price around $5. After that, a test of the past support zone, around $10, which has now become a resistance zone.
Possible entry points to go long: On a breakdown of the downtrend, or look for an entry point on a retest of support around $5 and the formation of a double bottom.
Daily chart.
A rise and a correction that could be a flag band.
The targets when this pattern is worked out will be the length of the flagpole.
If you liked this material, in that case, please like it and subscribe so you don't miss anything.
Always use STOP, and do not use a leverage higher than x3.
A trader must always have tomorrow.
New FixedTerm Staking Works GOOD !With this new fixedterm staking till now PS semi-burned about ~74 Million cake tokens !
And also Pancakeswap is going to redesign tokenomics of CAKE token so they can burn even more tokens weekly ! Then what do you think !? ^_-
And if we talk technically as you can see price is in uptrend channel and after this panic sell off it is now going to create a reversal pattern !
So we can have 2 scenarios here :
1- if BTC drops more with bad news we can see lower prices bcuz of market crash ! strong support is around $7.2 next $7
2- but if market starts to heal up again... we can see higher prices again ! first target is around $10 next is around $12
what do you think !?
Leave a comment below !
MY PERSONAL OUTLOOK ON PANCAKESWAP...!This how I see the Pancakeswap chart. I think that the current area is really essential and needs some reverse from 7.15, then rush to the main trendline again. My risk free level is around 9.30$
Do you want some cake?At the request of a subscriber.
Breaking through the downtrend on high volumes, it is advisable to bury the day above the current values, the price has not yet corrected the fall, so there is an increased probability of going down to 0.5 fibonacci. The option of working out this scenario is higher if there is a retest after the beating, after the retest, you can apply the fibonacci extension and start from these levels.
Option to cancel the scenario closing the day below the downtrend.
It is better to enter after fixing above the downtrend
Thanks to all investors for trusting us <3
CAKE Looks BullishIt looks like formed bullish pattern so for that we will certain the price should cross above 9.9$ level and can remain above it after that i expecting us to reach 12.5$.
Before that probably we will see brief correction
PANCAKE: FIBONACCI 61.8 IS ACTING AS RESISTANCE PANCAKE, where do we go from here?
My view has been highlighted on my chart.
Share your thought on this asset.
KINDLY like, comment and follow.
CAKEUSDT Daily Chart!Just found These Pivots by MACD Indicator ! I think this is happening to CAKEUSDT!
