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CAKE

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 ..
by memotion
1
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
Long
by ArashBanakar
8
CAKE Consolidates Within Ascending Channel, Eyes Breakout to $28-CAKE has risen 27% over the last week -Price has been stuck within an ascending channel -50MA has held as support for a month Pancake swap has been in a strong uptrend for nearly a month. The rest of the cryptocurrency market has been going berserk as many coins have been surpassing their all time highs. CAKE has been working its way up to its major resistance zone ever since the start of August. Compared to other coins in its class, CAKE has yet to fully breakout and experience a parabolic push. As long as BTC stays steady, CAKE should soon experience a large parabolic push back near $30. Shown in light blue, we can see how price has respected the ascending channel extremely well over the last month. It has kept price very tight with little swings. Each time CAKE has touched either trend, it has gotten pushed to the opposite. At the time of writing, CAKE is attempting to breakout of the top trend line of its channel. Along with this top trend lies the major resistance area found at $24.56-$26.53. If Bulls manage to clear this zone along with the top trend line, we may see CAKE surge to its given targets. Consolidation within this resistance zone is likely to occur as its one of the largest areas to break for CAKE to go parabolic. In this case it fails to hold this resistance zone, price will first find support at the bottom trend of its channel. This area is also near a major support level of $22.98. If bears push price down to this level, there will likely be some type of bounce. In addition to these two supports lie the 50MA. This MA has held price up for a month. If at any time CAKE breaks below this, expect a downtrend to occur. 

 While looking at the Stochastic RSI, we can see that strength is hanging out within the over bought territory. CAKE must break out of its channel soon or it will begin to lose strength. Breaking below the 80 value will likely cause a retracement to occur. The RSI has been attempting to break a downtrend line for many weeks now. For CAKE to really see some explosive growth, price must fully break this downtrend line & aim towards the overbought region. CAKE Intraday Analysis Spot rate: $25.33 Trend: Bullish Volatility: High Support: $24.56 Resistance: $26.53
by CoinGape
CAKEUSDT: BREAKING DBW PATTERN, FAKE BREAKOUT/ CONTINUE BULLISH?Hello Traders. Here's free outlook for you! Don't forget to smash the LIKES, COMMENT, and FOLLOW button to support the channel. UPDATES FOR CAKEUSDT: CAKEUSDT is breaking descending broadening wedge pattern, the momentum indicator is pointing up in the oversold area, indicating that CAKEUSDT is potentially continue moving upward. The roadmap will be invalid after exceeding the support/target area. DISCLAIMER: This is only potential outlook, not a recommendation to buy/sell the cryptocurrency.
Long
by financialfreedomgoals101