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CAKE

CAKE/USDT 4h simple analysis in 12th/JunHi, crypto traders. CAKE is in a sideways market now. The price continued to go down and reached close to my 1st target: 14.90USD. After that, the candle changed positively and already broke 20h (red) line to the upper side. Since the sequential order of MA lines is 240h (green) line > 80h (blue) line > 20h (red) line, if the candle goes down and breaks 20h (red) line to the lower side, the trend will be a downtrend. And this point will be a short entry point. Conversely, if the price goes up, the 1st target is the cross-point with 80h (blue) line. ==TODAY’s Check Points== - The candle continues to go up and breaks 80h (blue) line clearly? - The candle changes negatively and breaks 14.90USD? ==TODAY’s Target Price== CAKE goes up: 1st target: Cross-point with 80h line 2nd target: Cross-point with 240h line 3rd target: 21.53USD (the last highest price) CAKE goes down: 1st target: 14.90USD (the last lowest price) 2nd target: 13.81USD (the lowest price in 30th/May) 3rd target: 9.32USD (the lowest price in 16th/Mar) Enjoy your trading.
by Bot_Muto
CAKE/USDT 4h simple analysis in 10th/JunHi, crypto traders. CAKE is in a sideways market now. After the candle breaking 20h (red) line to the upper side, the price continued to go up. But it bounced from 240h (green) line and is slightly going down. Because MA lines and the candle are very close, it's difficult to predict the next move. The trend can change easily in this market. We should wait and see the next trading timing today. ==TODAY’s Check Points== - The candle changes positively and breaks 240h (green) line clearly? - The candle continues to go down and reaches 14.90USD? ==TODAY’s Target Price== CAKE goes up: 1st target: Cross-point with 240h line 2nd target: 21.53USD (the last highest price) 3rd target: 22.50USD (the highest price in 20th/May) CAKE goes down: 1st target: 14.90USD (the last lowest price) 2nd target: 13.81USD (the lowest price in 30th/May) 3rd target: 9.32USD (the lowest price in 16th/Mar) Enjoy your trading.
by Bot_Muto
CAKE/USDT 4h simple analysis in 8th/JunHi, crypto traders. CAKE is in a downtrend now. Unfortunately, the price suddenly started to go down and broke all MA lines to the lower side. After reaching 15.63USD, the price bounced a little bit, but it seems the candle goes down again. If the candle keeps under 20h (red) line, the trend is a downtrend. Conversely, if the price goes up, the 1st target will be the cross-point with 80h (blue) line and 240h (green) line. Because the trend is a downtrend, we shouldn't buy CAKE in this market. ==TODAY’s Check Points== - The candle changes positively, then breaks 80h (blue) line and 240h (green) line? - The candle continues to go down and breaks 14.90USD? ==TODAY’s Target Price== CAKE goes up: 1st target: Cross-point with 80h line and 240h line 2nd target: 21.53USD (the last highest price) 3rd target: 22.50USD (the highest price in 20th/May) CAKE goes down: 1st target: 14.90USD (the last lowest price) 2nd target: 13.81USD (the lowest price in 30th/May) 3rd target: 9.32USD (the lowest price in 16th/Mar) Enjoy your trading.
Short
by Bot_Muto
CAKE/USDT 4h simple analysis in 7th/JunHi, crypto traders. CAKE is in a Great Uptrend. The price started to go up, then already broke 20h (red) line and 80h (blue) line to the upper side. Because the sequential order is the candle > 20h (red) line > 80h (blue) line > 240h (green) line, the trend is a Great Uptrend. However, since MA lines are close, the trend can change easily. If the price goes down and breaks all MA lines to the lower side, the trend will be a downtrend. We should watch the price will break my 1st target: 21.53USD or not today. ==TODAY’s Check Points== - The candle continues to go up and breaks 21.53USD? - The candle changes negatively, then breaks all MA lines to the lower side? ==TODAY’s Target Price== CAKE goes up: 1st target: 21.53USD (the last highest price) 2nd target: 22.50USD (the highest price in 20th/May) 3rd target: 29.07USD (the highest price in 18th/May) CAKE goes down: 1st target: Cross-point with MA lines 2nd target: 14.90USD (the last lowest price) 3rd target: 13.81USD (the lowest price in 30th/May) Enjoy your trading.
Long
by Bot_Muto
4
CAKEUSDT, Possible tasty long!Looks like CAKEUSDT is at a nice point for a long entry! Timeframe - h12 I have labeled in red the biggest spikes on the VPVR indicator. The POC is $27.201. We are currently about 53% away from the POC, and about 108% away from the highest VPVR spike. Stochastics have room to rise We are re-entering my EMA band right around the .236 fib level. I generally use fib levels to help make my entry/TP/exit points. Don't forget to take profit! Pay yourself! I love you all, Sangbagner
Long
by UnknownUnicorn16206213
2