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CAKE

🔥 CAKE Potential Long Term InvestmentCAKE has been on my radar for quite some time now. It has a lot of great things going on with their staking, lotteries and prediction game. With Bitcoin falling, CAKE is becoming a better long term investment by the day. Assuming that pancakeswap will become bigger with time, CAKE will naturally follow. I'm eyeing the red support area for a potential buy into a long term hold. Assuming my theory that the current bear market is a mid-cycle correction is correct, I'm expecting CAKE to perform much better in the future. That would mean that a sub $10 would be a great buy, right? Happy trading!
by FieryTrading
18
🆓PancakeSwap (CAKE) July-7 #CAKE $CAKECAKE is approaching the $16 zone, which is a very strong resistance but with CAKE's strong volume, it still has a chance to break through and move towards the $18 and $22 zones in the next few days. If it can't break through this $16 zone it will correct to the $14 or $12 zone before rallying to the $18 and $22 zone. 📈BUY 🔴Buy : 15.6-16.4$ if A. SL if B 🔴Buy : 17.6-18.4$ if A. SL if B 📉SELL 🔴Sell : 17.6-18.4$. SL if A 🔴Sell : 21.5-22.5$. SL if A ♻️BACK-UP 🔵Sell : 15.6-16.4$ if B. SL if A 🔵Buy : 13.7-14.3$ if A. SL if B 🔵Sell : 21.5-22.5$. SL if A 🔵Sell : 13.7-14.3$ if B. SL if A 🔵Buy : 11.7-12.3$. SL if B ❓Details 🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY and SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone
by CryptoStation
1
$Cakeusdt needs to beak $16 Mark $cake $BTC$Cakeusdt needs to beak $16 Mark $cake $BTC looking good ,it looks like bottomed out for now. it it above 50 MA , and it is over the outter line flat Triangle and had make a corrective pattern and now it is out of that if we break $16 mark with an Impulse move then it is going to hit $19 mark soon $Cake is the PancakeSwap. it is an automated market maker (“AMM”) that allows two tokens to be exchanged on the Binance Smart Chain. It is fast, cheap, and allows anyone to participate. LINK Rank:15 Marketcap: $8,974,028,293 Available Supply: 437,009,554 Max Supply: 1,000,000,000 USD: $20.6000 BTC: 0.00060211₿ ETH: 0.00885269 24h Low & High $18.83|$20.53 0.00055442₿| 0.00060012₿ Vol: $1,141,691,011 ATH : $52.70 ATL : $0.1482 24h: 9.4% | 7d: 5.2% 30d: -25.0% | 1y: 283.6%
Long
by Abbas39
CAKEUSDT --> it NEEDS to break this trend line!Cake is desperately trying to break this trendline, it needs to break it to go higher, its failed it many times now. Its a bearish pattern of sequential lower highs that is starting to squeeze price. $9.5 is major support, $8.3 is the last line of defense. BTC revisiting 28.8k and going lower may very well break CAKE's back and most of the ALTcoin market :( I see a descending triangle pattern but technically I don't think it meets the criteria, as most ALTs do CAKE is roughly following BTC price action, most alts look similar so we cant take much significance in ALT charts unless major divergence is shown.
Short
by tommytoan11
🔥 CAKE Bullish Triangle: Break Out SoonJust like in my BNB analysis, CAKE has formed a nice bullish triangle pattern over the last week. Currently, CAKE is sitting at the lower trend line where it can either bounce off, or fall though. After a sell-off earlier today, BTC appears to regain some strength, which is naturally great news for alts. Nevertheless, the triangle break out direction will depend on BTC. If BTC manages to break through 36k or higher, we can finally see some more gains for CAKE. However, a bearish case could launch CAKE back towards $12 or lower. Keep a close eye on BTC when trading alts. Happy trading!
by FieryTrading
13