CAKE
PANCAKESWAP/CAKE : SWING BULLISH IMPULSE READY | LONG SETUP 🔔Welcome back Traders, Investors, and Community!
Check the Links on BIO and If you LIKE this analysis, Please support our Idea by hitting the LIKE 👍 button
Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
Have a Good Day Trading !
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 )
🔥 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!
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.
PancakeSwap #CAKE to 31 $ ?After seeing how the target of $ 25 was perfectly met as I mentioned in my old publication, we can see again the formation of a triangle, which should break up at the end of this month, obtaining as a target $ 31 that would represent the 61.80% fibo of the May correction.
However, I believe that if the market remains bullish and we continue with the respective token burn, we will be able to see an even stronger momentum up to $ 36.86 which represents the 78.60% fibo.
Cake is undoubtedly one of my biggest bets in the remainder of the year and I hope to see it reach high prices, which I will share with you later in my next reviews.
i don't give advices ..i 'm just sharing my opinionhello, i hope you all guys making good profits
as we saw last time it went like we expected , and i'v entered the market again on 22$ average .
Now it's possible to be a retest of its up-trend break ,so i took out my capital on 25$ and i'm continuing with the profits until it gets clearer , in case it goes down again i will look for a new enter area ..
if i see 4h candles closing above 25.200$ i'll wait a correction to reenter
in the end .. i have to keep my capital safe...
if you have another vision ,just share it in the comments..
IF YOU WANT TO SUPPORT ME JUST FOLLOW ME THAT WILL ENCOURAGE ME TO SHARE MORE IDEAS WITH YOU ..
🔥 CAKE Recovering After Minor Sell-OffAfter the huge reversal mid-August, CAKE was one of the biggest gainers for over a month.
However, the $26 resistance seemed too hard for the moment, which led to a minor sell-off.
With the crypto market seeing huge returns as we speak, CAKE is well on its way to receover from the prior bearish move.
I'm waiting for CAKE to close the day above $26 before entering a trade. Target would be $30 for the upcoming move.
Happy trading!
MATIC/USDTOh my GOD, I forgot to shared with you my last MATIC trade. As you see, the head and shoulder pattern was broken and now we must leg to the moon.
BAKEBUSDI was BAKing my BUSD in BINANCE for doubling it, I think this is one other LONG opportunity with R&R 2.1 at the TP0.
CAKE, a long term vision. CAKEUSDTHello my friends, A multi timeframe analysis of CAKE and a long term vision for investment. The price breakup the major resistance and usually after that will pullback to level as a retest. So If the price fixation in this area I expect price growth. You can consider it and the price actions in the circle to buy it. Good luck
If you like the idea, do not forget to support with a like and follow me for next analysis :)
Write your comment and opinion below for me
CAKEUSDT 1day chartThe cake is currently testing the red zone area for the upward rally, once it breaks, we can see the good move up a rally in it. In case of failure of the test, the lower zones for buying points are the market. Buy the breakout of the red zone area, This will pump cake harder. Wait for the confirmation!
Note: I'm, not a financial advisor, do your own research.