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CAKE

Let them eat CAKE!Right now we could see a nice falling wedge after a bearish Crab Harmonic Pattern that after it reached the pcz, retraced to the .618 fib level from which it has been holding as support for 6 weeks now. Yes it struggled at the 200 day sma but it never dumped and created alot of support by doin so. Rn Cake is perfect for a trade because its very easy to manage risk at these levels. A close below 17.80$ could signal more downside on CAKEUSDT but if it manages to break the supply line of the potential falling wedge it could end this consolidation/accumulation at high levels and sideways movement with a big bullish engulfing candle in the next days or even hours. Stop losses are manual because we always want a candle close confirmation b4 selling. Today i learned a valuable TA Lesson i used the same chart for the last months for CAKEUSDT. I always studied the same CAKEBUSD chart which was cluttered with drawings which made me biased. i never hid all my drawing or looked at a clean chart which was a distraction from developments that happened on the Chart. From now on i will take a fresh look at stuff and also focus on the most important drawings and start hiding stuff more often while charting.
Long
by luyestefan
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.
Long
by SaeedSalehinia
CAKEUSDT - HOVERING AROUND A SUPPORT ZONE!CAKEUSDT After dropping from the 26.00 level it has already broken the support area around 17-18, becoming a resistance area. Now it has been bouncing from a Support zone where the Trendline support also lies. If bulls successfully pull the price above 14.00 then they can target 17.00 followed by 20. On the other side If that support zone will be broken, then we can see a selling pressure towards 10.00 followed by 8.00. Good Luck!
by JustTradeSignals
CAKE Bull FlagBINANCE:CAKEUSDT Everybody wants to kill me because Cake price fell hard. Many throwing in the towel at the worst possible moment. However, what I see is a big Bull Flag Pattern, which should lead to higher prices when it finally breaks to the upside. To do that, we need to go above $19 USDT. If we do, the minimum price target would be $34 USDT. A target that I expect will be meet before year end. www.freeonlinetradingeducation.com Critical support would be $14 USDT. We had increased volume in the last 3 days, which is good, as it could signal the final liquidation and price bottom. Also, the RSI indicator is deeply oversold, which could also signal a bottom. I hope you find this interesting and good luck to you
Long
by Raul_Dominguez
8
CAKE: 2 Triangles have been completed, compatible with 2 FIBOsI found 2 perfect triangles with their corresponding targets perfectly (or at least neatly) completed. These are fully compatible with a long term Fibo retractment which I draw from CAKE´s ALL TIME LOW to its ATH and current price. Then again I resort to Fibo but the extension tool, taking the last downward swing: It matches exactly the expected support levels and fits the triangles. My overall projection is Long CAKE with USD 9.92 as strong support. In the meanwhile and until the correction is done, CAKE holders.... we shall suffer a bit. HODL
CLong
by Ivanbole71
1
CAKE - Watch For This Reversal!CAKE is showing us some really clear price action and we are approaching a significant level where we are expecting a reversal. We've seen that we previously had a triple bottom from the structure level indicating that It holds a lot of weight. Trade Idea: - Watch for price to come back to the structure level ($10 level) - Once price shows bullish pressure, enter with stops below the structure level - Targets: 17 - 26 - 44 We may get an early breakout and if we do, enter with stops below the recent lows.
by Altsignals
3
CAKEUSDT:RISING WEDGE, CONFIRMATION OF SHORT OPPORTUNITY?Hello Enthusiast Coin Traders! Here's medium-term outlook for CAKEUSDT , Please give us the thumbs up and support the channel by Smashing the FOLLOW button :) CAKEUSDT broke out of the Rising Wedge pattern. Rising Wedge Pattern indicates a potential bearish movement ahead. The MACD indicator is crossing down below the zero level, it signify the potential bearish bias ahead. The roadmap will be invalid after exceeding the resistance/target area. DISCLAIMER: This is only an outlook, not a recommedation to buy or sell the cryptocurrency
Short
by financialfreedomgoals101
11