CAKE
CAKE MASSIVE GAINS INCOMING? BUY HERE$CAKE has been in a down trend since April and it is now breaking out with volume. All the indicators are showing bullish signs with every tf flipping into bullish from all smaller timeframes to the htfs till 12 hours are now bullish.
OBV turning green, MACD bullish, RSI holding and breaking downtrend, trendline broken and bullish harmonics.
I am taking entry here at market price $20.7 and will tp it till 22.65 - $34
Also, alot of developments has been going on CAKE with their NFT marketplace launchin I was expecting this breakout to happen soon and looks like we're ready now!
Good Luck.
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Cake daily analysis After a bullish rally, a consolidation is predictable. The chart has corrected about 30% of its previous uptrend, moreover, taking the fibonacci retracement in to consideration , the contemporary position of the chart is on 0.618 fibo level. The whole form of the chart is a resemblance to triangle chart pattern. If the chart breaks the top or bottom of the triangle, our goal is the length of the side from the breaking point.
CAKEUSDT Technical Analysis
⏳ Spot
💎 CAKEUSDT has formed a symmetrical triangle. After the breakout it has gone for e retest and we see several rejections already. It is expected that it continues to go higher.
🌐 Tradingview
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 18.50
☕️ TP1 20.90
🍺 TP2 24.00
🍻 TP3 28.00
🍾 TP4 _____
🍷 TP5 _____
🍸 TP6 _____
🍹 TP7 _____
🎁 TP8 _____
🚫 SL 17.00
Good Luck 🎲
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