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Cakeanalysis

CAKEUSDT , We should sell now because ...Hello everybody According to the chart we shown it , we are in downward trend and we had fall down price suddenly but the momentum of the movement is becoming weak to fall more and more , we had breakwave and now its seem the correction of the break wave is done and ready to retest again the bottom that made . CAKE is one of the most powerful token in DeFi base , and use BSC and BNB for trading , Do you know what does it mean ???? Dont forget use stop loss and observe money management Good Luck Abtin
Short
by Abtin00
5
CAKECake, after a month rising, ended up forming into a flag. He had his premature breakout on the 7th, showing a Bull Trap, a long trap. Demonstrating that bulls were not so hot. The funny thing is that I just realized that we still have a Trench (rectangle or accumulation) call it what you like. The important thing about this is that we have two important factors to consider: 1. Bull trap 2. rectangle If Cake breaks this rectangle it will have a currency devaluation of almost 18% or more, it will all depend on whether it holds straight support or not. Time to get smart with this coin!!
by DuhNT
3
cake bullish break above resistance 3rd time and holding- cake breaking resistance for 3rd time, showing significant bullish momentum - this is also supported with on chain analysis- - TVL at 79.31 % - top 3 wallet holding cake liquidity providers currently at 23.27 mill cake, couple days ago at 24.76, so with increasing supply price going up shows demand is there and charts are pointing to this------ BULLISH!!!! - make sure to stake directly on pancakeswap- this will reduce the chance of exchanges making commision and selling down! therefore we'll see much higher prices sooner!!
BINANCE:CAKEUSDLong
by Cos14b
1
CAKE BULL RUNhi , our general opinion for cake is long in the longterm (when alt season begin),as you know in fib retracement between 0,786 and 0,618 zone is golden packet it means we should test it one day and our weakly strong support is 30$ and also 0,618 retracement is 30$ so our first target for cake is 30$ , second target is 44$ because its ATH . and as you see in the chart , cake make a descending chart pattern ( descending chart pattern in old market is a bearish but in new market like cryptocurrency is a bullish chart pattern) and it broke the pattern and our target based by pattern is 54,92$
Long
by matin_iranian
3