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Weekly forecast PancakeSwap technical chart
Symbol CAKEUSD

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Trade Setup

#CAKEUSDT
Total Profit: 23207 pip (180%)
Closed trade(s): 1575 pip Profit (12%)
Open trade(s): 21632 pip Profit (168%)

Trade Setup:
We opened 9 BUY trade(s) @ 12.950 based on 'Valley' entry method at 2021.07.21.

Closed Profit:
TP1 @ 14.525 touched at 2021.07.26 with 1575 pip Profit (12%).

Open Profit:
Profit for one trade is 15.654(current price) - 12.950(open price) = 2704 pip (21%)
8 trade(s) still open, therefore total profit for open trade(s) is 2704 (21%) x 8 = 21632 pip (168%)

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateJuly 31, 2021 - 13:36
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 8.35, beginning of uptrend is expected.
  • We make sure when the resistance at 21.38 breaks.
  • If the support at 8.35 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI resistance #1 at 52 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 10.80 on 07/20/2021, so more gains to resistance(s) 16.37, 18.07 and maximum to Major Resistance (21.38) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 61.

Take Profits:

  1. 14.53
  2. 16.37
  3. 18.07
  4. 21.38
  5. 25.03
  6. 28.24
  7. 34.06
  8. 44.23
Click on the level to view price action history.

Symbol Released Current Forecast
PancakeSwap (CAKEUSD) Sat, 11 Sep 2021
PancakeSwap (CAKEUSD) Sun, 5 Sep 2021
PancakeSwap (CAKEUSD) Sat, 28 Aug 2021
PancakeSwap (CAKEUSD) Sat, 21 Aug 2021
PancakeSwap (CAKEUSD) Sat, 14 Aug 2021