Chiliz (CHZ), Pancakeswap (CAKE), and The Hideaways (HDWY) Ready for Breakout – Analysts
Chiliz (CHZ) and PancakeSwap (CAKE) are gathering momentum for a breakout, analysts noted. CHZ has been trading in the positive zone in the past few days and made it to the market’s top gainers.
PancakeSwap did not make the same recovery for the day. The coin is down 0.51% in the last 24 hours. On the upside, the coin’s candlesticks have formed an ascending triangle pattern, indicating a solid bullish event soon.
Analysts are also recommending The Hideaways (HDWY), a new cryptocurrency forecasted to make 9,000% gains by the end of 2022.
Chiliz (CHZ) Technical Indicators Point to Bullish Momentum
Chiliz (CHZ) has consistently topped the charts in the past few days. It did not retrace along with other tokens pulled down by Bitcoin (BTC), and Ethereum (ETH)’s the latest fall.
CHZ is trading at $0.231, making an impressive 5.55% jump for the day. The coin has recorded a 9.56% increase in the 7-day charts and a 16% jump in the monthly charts.
What’s more surprising is a +144% increase in the last 90 days, showing that the coin is getting more market attention than usual.
Still, Chiliz (CHZ) has vast room for improvement. The token had just consolidated a bullish flag pattern, meaning prices are up for some severe jump in the near and long term.
CHZ is forecasted to break to $2.0 and take the stakes to $2.25. However, the coin will undergo a short-term retracement that will take prices to $0.182. This will be the signal confirmation to enter the trade.
PancakeSwap (CAKE) Can Take it to $5
Another coin that recently got analysts’ green flags is PancakeSwap (CAKE). The token is trading with a 2.42% fall to $4.24 in the latest charts.
CAKE has declined 4.37% in the last 7 days and 80.61% in 52 weeks. Still, 30-day and 90-day charts show a 20% and 44% increase, respectively.
Despite the recent fall, an ascending triangle pattern had just appeared on PancakeSwap (CAKE)’s charts which hints at a pattern reversal coming soon.
Once the coin successfully breaks above $4.5, we expect buyers to keep the momentum in place and take the coin higher to $5.0.
Tremendous selling pressure will appear on this level, so make sure to take profit on this zone before a possible retracement.
The Hideaways (HDWY) Looks to End the Year as a Top Performing Coin
Another coin that received bullish approval from analysts is The Hideaways (HDWY) – a new cryptocurrency that started its presale at $0.01 before increasing to its current price of $0.02.
The Hideaways (HDWY) is not just any project you see in the crypto space. One important thing that makes it different is the utility – it operates in the real estate business, making it a real investment with tangible assets.
Investors can buy one of the NFTs for as low as $100, and over 1000 new holders invested. These are not just your regular NFTs – they entitle you to receive a monthly rental income that could quickly become a steady source of passive income.
An estimated minimum 20% is guaranteed by The Hideaways – from rental yield, off-the-market investments, strong real estate network, event hosting, and more.
Moreover, The Hideaways (HDWY) offer a lucrative staking reward. This means you can just leave your tokens while they make a profit without the risk.
Learn more about the project here:
Website: https://www.thehideaways.io
Presale: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto
Text source: DailyCoin.com
