PancakeSwap (CAKE/USDT) technical analysisPrice was moving in a steep downtrend channel; Now, the price has broken the channel and it looks like it's ready to change the direction to an uptrend. Although, the price might test the long horizontal resistance line one more time; be ready. If the uptrend wave starts, the first and second targets are the bottom and the upper side of the triangle, respectively. After that, the projection of the price target will be an area around the thick uptrend line.
Pancakeswap
NFTBUSDT , Are you ready for new rally ???Hello everybody
Good Night guys
According to the chart , the price is moving in upward channel and we were impact to the bottom of the channel and the morning star was made
If you look the whole of the chart you can see we can numbering with elliot waves you can see we finish wave 1 and made abc of the correction and we are ready to made the most important wave and we are at the wave 1 of the big wave of 3 and this mean that we are making new rally and ready for the super pump of the price , we can update chart very soon , at this time with this parabolic movement and support of them we can go to the first target after that we can decide to the other target and the last target of the wave 3
Previous analysis :
Dont forget use stop loss and observe money management
Good Luck
Abtin
CAKEUSDT daily outlookMy view about CAKE:
1. CAKE is moving on bullish trend
2. CAKE have a potential forming Bullish Flag Pattern
3. CAKE price is on support
4. CAKE is on wave 4 rn, and should be going to wave 5 (elliott waves)
My strategy: BUY!
1. if you agresive trader, and want to buy now, its okay. But, manage your own risk. if the price going breakdown
2. if you konservatif trader, buy after breakout.
hope CAKE can be a profit.
cheers,
-NFA-
₿ PancakeSwap 1D ₿ : 22.Nov.2021 (CAKE)As we can see, the price is in a static support range, and if you are a long-term holder, you can buy at this price.
CAKE Price Live Data
The live PancakeSwap price today is $15.59 USD with a 24-hour trading volume of $281,789,779 USD. We update our CAKE to USD price in real-time. PancakeSwap is up 3.59% in the last 24 hours. The current CoinMarketCap ranking is #49, with a live market cap of $3,785,222,040 USD. It has a circulating supply of 242,861,076 CAKE coins and the max. supply is not available.
coinmarketcap.com
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 22.Nov.2021
⚠️(DYOR)
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Accurate Time Zone for CAKEThe current falling leg reaches the time target equal to the previous descending move.
In addition, if we use the time of last rising and take it from now, we see the 100% time zone overlapping the summit price time cycle.
So I except that buying at this area and selling at 27 of December will a profitable trade.
Frosting on the Cake…..This is not financial advice always do your own due diligence
Cake has been moving sideways after hitting the lower $12 mark it went back up to $25 now it’s on $15 looking for entry levels below the $14 to stack up some and throw into the pool.
Thank you please follow share and subscribe peace out
PancakeSwap (CAKE) - November 18Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
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(CAKEUSD 1W Chart) - Mid-Long-Term Perspective
Above the 9.0760290 point: the uptrend expected to continue
Above 15.1757179 point: Expected to create a new wave.
(1D chart)
It must move above the 19.0812658 point to turn into an uptrend.
If the price is maintained above the 15.1757179-16.1961041 range, a move is expected to move upwards above the 19.0812658 point.
If it deviates from the downtrend line, it is expected to rise.
First resistance section: 19.0812658-20.0044522
Second resistance section: 29.5050311-32.1525450
First support section: 15.1757179-16.1961041
Second support section: 9.0760290-10.8786252
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(CAKEBTC 1W chart)
Above 0.0001652 point: expected to continue uptrend
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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 it is in an uptrend or in a downtrend, 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 regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of 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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🆓PancakeSwap (CAKE) Nov-17 #CAKE $CAKECAKE has a strong support at $16 and it could rally to $18 and $20 within the next few days. The $20 zone is a very important resistance zone, if it can break through it it can continue to rally strongly towards the $24 and $32 zones. But if it loses the $16 zone, we might consider buying back the $14 and $11 zone
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 16$ zone
🔴Buy : 16
🔴Sell : 18 - 20 - 24 - 32
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 16$ zone
🔵Sell : 16
🔵Buy : 14 - 11
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
CAKE is getting ready to reach the MOOOOOOON!In this chart, you can see a clear downtrend that seems to be broken and there is a pullback on the same downtrend line. Also, the good news is a really strong SUPPORT about 16.5$.
On the other hand, a nice HL is happened (17.2$). So we can wait to will occur a HH in the feature.
MATE - New kid on the blockSimple chart on this new promising project called MATE
Why I'm posting this?
Bottom looks to be in.
Nice volume candle on the daily.
Recently added roadmap and as I know by now, MATE devs always deliver.
This is a mid to long term hold and could be very profitable, it's a must-have at this price for every portfolio.
SOME FACTS
What is MATE?
Mate is a DEX, you can compare it to Uniswap and Pancakeswap but with one very big advantage - YOU CAN SET LIMIT ORDERS!
Also has a high (but sustainable) yield on farming and staking has been released. Total decentralization by governance release is coming to.
How is MATE distributed?
MATE is a fair launch token that can be earned by adding liquidity and adding it to the MATE farm. (APR at the moment is 373%)
Some tokenomics (to date 13-11-2021)
Max supply: 100.000.000
Current circulating supply: 5.983.297
Marketcap atm: $ 925.085
Roadmap to end 2021
GOVERNANCE
Contribute your ideas using xMATE governance token
WEBSITE V2
Showcasing the features, use cases and upcoming developments
DEX AGGREGATION
More powerful limit order filled at best price across AMMs
MULTICHAIN
Partnership with a new L1
Enjoy the moment to get in before the marketing starts.
CAKE has high potential to grow, just buy if...!Hi dear followers, CAKE token is undervalued in my idea and there is a big move ahead for this token.
At the moments this token is completely in a downtrend as u can see, There is possibility for more falling before going up.
Where is the best place to buy?
If you want to buy this coin, The most important thing is to wait for breaking up the downtrend trend line. Buy after breakout and re-test.
ATH is easily in access for this coin and until end of the year.
CAKE head up to $35#CAKEUSDT
$CAKE broke out from descending resistance and confirmed it as support.
also price is above long term support zone and head up toward resistance zone between 0.5 and 0.618 fib of correction wave.
as trend lines and fib levels show, break out from this resistance zone will lead price toward 1.618 and 2 fib levels around $32 and $35.