Cakeanalysis
Cake to 36.86 $ USD?In my last analysis we were able to observe a triangle that was invalidated as a result of the market crash, however not everything is negative. This fall managed to show us a bullish channel in #CAKE which is very positive.
Within this new bullish channel we have a new triangle that should break no later than the beginning of October and would have as its main target $ 31 and then $ 36.86.
If the market remains bullish, I have no doubt that Cake will have a big rally, assuming that we are days away from its first anniversary and that every Monday there is a burning of tokens that represents 1% / 3% of the current supply. #Cake #Pancakeswap
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.
CAKEUSDT: DESCENDING BROADENING WEDGE, THE BULLISH OF ALTCOINS?Hello Traders, Here's a free outlook for CAKEUSDT. Don't forget to smash the LIKE, COMMENT, and FOLLOW BUTTON to support the channel.
CAKEUSDT is forming bullish continuation pattern, breaking descending broadening wedge pattern, potentially move to the resistance/target area.
The roadmap will be invalid after exceeding the support or target area.
💥CAKEUSD - TIME TO FLY TO $25🤪We have four credible support levels and four resistance levels too. If price break this trendline, then we ride to $25.
If price doesn't break the trendline, we fall back to the lower trendline and ride long to $25.
What do you think?
Share your opinion in the comment section✍️
Please support this idea with a LIKE👍 if you find it useful🥳
Follow me to receive more updates on this pair🤙
Comment any coin you need my analysis or forecast on📈📉
Happy Trading💰🥳🤗
Thank you for your support!💓