CAKE on crucial support !Just a view on how cake has bounced off of these levels previously several times. Something certainly to watch on..
CAKEPERP trade ideas
CAKE/USD NEW IDEAHello friends.
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PancakeSwap (CAKE) - December 7Hello?
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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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Cake move$CAKE looks ready to pop out of this, I expect price to touch the .236 before retracing for a backtest before continuing higher.
CAKE/USDT- is it time to Long?Since Cake/USDT in bearish trend, strong support exist near 12, wait for bullish candle stick (bullish engulfing,Hammer, etc) at support level to buy.
Cake double bottom dailyFormation of the double bottom , so Maybe a long for the next couple of day, to reach the resistance of the weekly triangle
CAKEUSD and UNIUSD - Too Similar to IgnoreAs you can see, there are a lot of similarities between these two pairs
Especially evident on the Gaussian Channel indicator, with both hitting the middle band
I expect this point (middle band) to be a point of bullish rejection for price, which both will follow
CAKE idea 22/11/21Alrededor de 14,38 se encuentra el 0,78 de fibo correspondiente al último canal alcista que tuvo de 11,20 a 26; en esa zona el perfil de volumen muestra un buen nivel
La perdida del 0,78 supondría más bajada, sí rebota desde aquí espero una corrida alcista similar a la de abril-mayo, ambos patrones están copiados en la gráfica para la estimación.
A la espera de que el OBV de señal de compra.
CAKEUSD - 1D - strong move expected soonHello guys,
According to the tight bollinger bands, i expect a strong move soon on cake.
Price is currently above 0.5 fib level.
Furthermore, this one as been moving inside a big consolidation triangle since a long time...
Depending on BTC (strong downside move) we could see a retrace to the lower fibonnacci levels (0.618 / 0.786). Resistance levels are shown with the red lines.
NFA
PancakeSwap (CAKE) - November 18Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(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
------------------------------------------
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.
------------------------------------------------------------ -----------------------------------------------------
** 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.)
---------------------------------
cake/usdTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Sweet and delicious cakeDue to the break of the downtrend line, it is likely to reach a higher resistance area
please comment your ideas
thank you😊
Pancakeswap Long term analysisThe piece of cake is ready to be eaten. Do not let it go!
Cake should be involve with trend line for some time.
PLEASE #DYOR
CAKE UpdateCake is right now consolidating in this channel a clear break out would cause a 30% pump and more even.
cake bullish break above resistance 3rd time and holding- cake breaking resistance for 3rd time, showing significant bullish momentum
- this is also supported with on chain analysis-
- TVL at 79.31 %
- top 3 wallet holding cake liquidity providers currently at 23.27 mill cake, couple days ago at 24.76, so with increasing supply price going up shows demand is there and charts are pointing to this------ BULLISH!!!!
- make sure to stake directly on pancakeswap- this will reduce the chance of exchanges making commision and selling down! therefore we'll see much higher prices sooner!!
cake bullish move on daily green candle- target ATHgreen candlestick change on daily heikin ashi
- hopefully breaks resistance and targets ATH
CAKE Long IdeaSo as you know CAKE is the native token of Pancake Swap. Pancake Swap is home to a ton of the shitcoins, CATGIRL and all that type of stuff. I don't put any money into shitcoins apart from a few swings on SHIB a few days back. As shitcoins continue to grow, which I believe they will as the average retail investor gets drawn in by stuff like DOGE or SHIB and the 10000x potential if you essentially buy a $300 lottery ticket. As they grow I think it's very reasonable for CAKE to increase in value, especially as it was at like +$8 from here in September.
As far as TA goes I'm mainly looking to open a position for what is on the chart. There is a fib overlaid from the start of it's rise in July to its high in September. The orange box is also a historical S/R level which you can clearly see looking through the chart. The fib levels and this level are respected heavily. There is also a valid downward trendline acting as support. IMO this looks prime for a breakout soon.
The SL and TP levels are fairly easy to explain as well. The SL is very wide to account for large wicks, and is just below the orange box. The TP levels are simply the fib levels, but SL is moved up to the previous one after a new one is flipped.
The blue line is my ideal scenario. A drop to the orange box, and from there a bounce and breakthrough the resistance to the .382 fib level. Then from there a pullback to a retest at the .5 fib level and the past resistance trendline. Following this I'd hope for a steady rise through the .236 fib level for a quick retest and then it would proceed upward to ATH. Again, this is MY IDEAL scenario, there are still external factors such as BTC and ETH which could completely change the plan, but with how things are currently I think this blue line is 100% plausible.
Cake king termThis year cake will grow up a lot
Still good to be bought it can go up to 30$ until beginning of December
Cake price predictions- Bullish up to $100 in short to mid term- hitting long term support levels
- Total value locked seems to be rising- showing signs of reduced supply, currently 80%
- Hopefully expect price to reach ATH soon and maybe testing the $100 level short to mid term. Long term potential to $1000 but seems a bit far fetched considering market cap.
- On BSC Scan can see likely 20% remaining liquidity moslty all in exchanges, when this dries up further hopefully we'll see some nice price action to upside.
- currently great time to buy in around $18 to 20, and stake this on pancakeswap, and provide more upward thrust, NOT staking on the exchanges where they will take commission and reduce price potential as this commision will be added to selling pressure.
- TIP if you buy on the exchange, the exchange may try to block transfers off by saying issues with BSC, but essentially they don't want it going off their exchange, just be patient and remove it off the exchange, or transfer BUSD off exchange and buy directly on pancakeswap where you won't get these issues.
