Cake 23$ Increasing bottom
Static top looks like a bullish to me
Also reverse h&s is a sign of bullish market
23 at first place and then we go for higher targets
CAKE
CAKE, BULLISH SCENARIO...!Hi
This is my own expectation of CakeUsdt. Be sure to enter (long) after the breakout.
Cake at support nonetheless targetting 15usd- green box: non touched prices after run up makes it a higher probability that prices will fill this gap.
- flipping current support as resistance (yellow)
- follow the current pattern in the downward trending channel (purple)
- targetting 15 usd
Ascent or descentIf we look at the chart, we see that a long-term downtrend line is pushing the price down . But in the meantime, we see a support.The trend line and the support form a descending triangle Trading volume also confirms that it will be a downtrend.If this happens and the price goes down, the most important support will be in the range of 11.09 , But if buyers perform a miracle and break the downtrend line, the price can rise significantly.
This is not a financial recommendation.
This is just a technical analysis.
CAKEUSDT Technical Analysis
⏳ Spot
💎 CAKEUSDT Has formed a Flag pattern. the price has got rejected from the support zone. The large green candle shows us that the price has potential to go higher.
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 16.15
☕️ TP1 20.45
🍺 TP2 24.25
🍻 TP3 28.30
🍾 TP4 _____
🍷 TP5 _____
🍸 TP6 _____
🍹 TP7 _____
🎁 TP8 _____
🚫 SL 15.30
Good Luck 🎲
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cake/busdcake is getting a bullish divergence on the daily tf. the green line on rsi indicates bullish divergence. we may get a little dump but the future with cake looks good fundamentally and technically.
My thoughts on CakeIf BINANCE:CAKEUSDT some how manage to break the trigger I'll see that as a long possession, that aside you should always be careful and set STOPLOSS!
The R/R is 3.0 so in my opinion it's a good deal, however you should always checkout BTC and ETH situation.
🔥 CAKE Reversal: Bullish Move Continued?Since my last CAKE call, CAKE has gained over 20% in value. The reversal area did indeed mark the low for the short term and the $21.5 target was reached with ease.
As of now, we're trading near the 0.236 Fibonacci retracement. CAKE is trying to pierce through it, but facing strong selling pressure.
We either pierce through the resistance in the coming couple of hours, or we might re-test the 0.382 retracement to try again later.
Target for the next week is placed at $26.
Happy trading!
CAKE/BTC buy opportunityHi followers,
CAKEBTC formed nice triangle which already broken to the up side,
Then retested the broken area again, with higher lows formed, suggesting more up side potential move.
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
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Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only!
Cake to 36.86 $ USD?In my last analysis we were able to observe a triangle that was invalidated as a result of the market crash, however not everything is negative. This fall managed to show us a bullish channel in #CAKE which is very positive.
Within this new bullish channel we have a new triangle that should break no later than the beginning of October and would have as its main target $ 31 and then $ 36.86.
If the market remains bullish, I have no doubt that Cake will have a big rally, assuming that we are days away from its first anniversary and that every Monday there is a burning of tokens that represents 1% / 3% of the current supply. #Cake #Pancakeswap
CAKE/USD - Correction continues, for now. 😅CAKE did we, very well early this year. However since May CAKE is correcting and I don't see this changing anytime soon or not until we penetrate the resistance. :)
For now this chart is bearish and I don't exclude a re-test of support before any sustained gains can be achieved. For that we also need the overall market to heat up. That will help CAKE.
The indicators also show mixed signals right now, so best to stay away from this right now.
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my analisys of cakethe new wave is coming ! i'm new to tech analysis and crypto in general but i keep the hard work done .
this charting was made in 13/9/21 05:00 ULT
CAKE/USDT Ready for another 100% from here..?#CAKE/USDT TA update:-
$CAKE currently trading at $20.5
Bullish as per chart.
Buying above $18.5-$20.5
Targets:- $27/$43/ATH
Stop Loss:- If any daily candle closed below $18
Support:- $18/$11
Resistance:- $27/$43
#DYOR
PANCAKESWAP/CAKE : SWING BULLISH IMPULSE READY | LONG SETUP 🔔Welcome back Traders, Investors, and Community!
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CAKE On The POC !CAKE is on the support of POC line. MA200 also supports it under this area. We can expect it to move up in the coming days.
⚠ BTC Dominance is on support too. So, LONG trades on alt coins can be high risk now. Don't forget to set stop-loss under the MA200.
📆 Fundamental: NFT Marketplace Launch ( 22 Sep )
Breakout Possiblity at CAKE (Pakcakeswap)Hi All, I recently got interested in CAKE due to yield farming at 86% APY.
I tried to analyse the chart in 1h timeframe and i see a symmetrical triangle pattern. So Watch out for a breakout and a buy/sell in the direction of breakout.
🔥 CAKE Closing In On Reversal Area: More Pain To Come?CAKE has seen a tremendous run up during the bullish move during August and early September. At the moment, CAKE (and many other cryptos) are facing some difficult times since we had a very strong correction this week.
As it looks now, it seems we're not done yet. It looks like there's another bearish wave on the horizon.
For the bearish case, I've marked the green reversal area on the chart. This area is located between the 0.5 and 0.618 retracement lines. I'm expecting the price to reverse from that area. So, in case you'd want to load up on CAKE, I suggest buying in that area. DYOR.
The reversal's main resistance is based at $21.50, a bullish move beyond that level could indicate that the correction is over. Longer-term target at $26.
Happy trading!
cakeisdt BINANCE:CAKEUSDT
the chart looks good for a growth
Remember, do your own research before trading
DOT/USDTPOLKADOT made their resistance line as support, From now we can see a nice rise to the 100$.
Cake to 25 $ USD?Cake is in a correction of approximately -70%, it has been in an accumulation phase since the end of May.
We can also see that it is below the 200 EMA and the volume has not increased significantly. So we need to break that 200 EMA at roughly $ 14 to see a bullish scenario.
If we assume that Bitcoin resumes its bullish path I see no doubt that Cake's next target is $ 25-$ 27.
