CAKEBTC trade ideas
CAKEBTC is testing the static resistance 🦐CAKEBTC is testing the static resistance 🦐 after the price had a breakout from the dynamic one.
IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
CAKE / BTCCAKE started breaking out on BTC pair. We saw double bottom on CAKE/USDT pattern with higher lows and hopefully we will see a higher high which will confirm uptrend.
Breaking out of triangle on BTC pair will help us rise. Wait for confirmation and then I think our train is ready to go.
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.
Cake ( long )cake touching and testing in daily chart, the low part of the huge triangle near to break it out.
$CAKE, Breaking long descending trendline & showing a Buy signal$CAKE
Under current market conditions, this could be a trap or the start of something bigger.
In any case I will follow my strategy🙂
UCTS Buy printed on the daily(8% up already)
Breaking a long descending trendline & showing the 1st signal since Sep
Take it or leave it
#CAKE
CAKE entering possible channelStructure of higher-high higher-low has ben set for the first time in a while, breaking the downward trend.
Not financial advice
CAKE/BTCFollow it like a hulk and when it break the trendline, make sure to buy it as it broke the RSI trendline and Also has Bullish Divergence.
CAKE/BTC RSI DIVCake versus bitcoin looking bullish, confirmed by RSI div on daily and 4h.
White horizontals are daily s/r levels
Orange horizontals are weekly s/r levels
#NFA and #DYOR
CAKECAKE BTC is close to reaching critical levels, keep watching this chart just in case you want to increase YOUR BTC PORTFOLIO or you like the project "pancakeswap". this chart will help maybe a lot as CAKEUSDT did in the past.
CAKEBTC GREAT BUY OPPORTUNITY ON 1D CHARTCAKE - just burned $104 Million worth of tokens today and website is just upgrading. Just looking how BNB is exploding right now, my next biggest pick for long term buy will be CAKE.
See you at the top!
Thanks.
CakebtcHi friends. We are in the point that we set long order with min risk. If we don't see high volatility in btc price ( Especially the drop in prices) we see pump in cake price soon. If the btc price drop so high may we see triangle turn to falling wedge. But the important thing is that the price is very reasonable for entry with a growth potential of over 150%. We can set sl order below 18$
CakebtcHi. I think we see pump in cake soon . Good sign of andicators and moving average. Good consolid before next jump.
CakebtcHi. I think wave count is completed and now we should prepair to jump to +70 % profit. We wait to break up.
CAKE/BTC buy opportunityHi followers,
CAKEBTC formed nice triangle which already broken to the up side,
Then retested the broken area again, with higher lows formed, suggesting more up side potential move.
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
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Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only!
CAKE On The POC !CAKE is on the support of POC line. MA200 also supports it under this area. We can expect it to move up in the coming days.
⚠ BTC Dominance is on support too. So, LONG trades on alt coins can be high risk now. Don't forget to set stop-loss under the MA200.
📆 Fundamental: NFT Marketplace Launch ( 22 Sep )
Symmetrical Triangle And A RectangleTrying something new. I don't know anything about the fundamentals but I'm using technical analysis (chart patterns) and risk management to trade. I'm risking 1% of my capital on this one. Stop loss at 420k sat. What do ya think?
btw I don't feel like it's necessary to say all of this but the website doesn't allow publishing ideas without much context so sry if it feels like i'm just filling up words.
Entry/Stop loss/Profit taking all on chart.
