Cake is having some hard times after the last party! Buy the dip now or wait for cake to leave the triangle and buy the rocket.
Strong support levels on $35
If it drops below $34 sell everything and buy back around $30-$32
Everyone is bullish on the cake but It may need some rest before the next party.
Let me know what you think.
Cakeanalysis
Next targets based in fib extensionBased in trend-based fib extension, we have the next targets:
First target: U$40
Second target: U$60
Third target: U$85
Fourth target: U$100
Cake need close above U$22 to confirm the next movement.
Cake - cakeusdt - cake, close to being bullish, but not yet -1hsCake still recognizes the resistance raised in my previous analysis
Even though now it had a bullish moment, in my opinion cake is bearish as long as it is below 43usd.
in summary
If you are not yet in cake you can buy if cake rises above 43usd and makes a throwback.
If you currently own cake, be careful!
CAKEUSDT Next Target $50!CAKEUSDT (4H CHART) Technical Analysis Update
CAKE/USDT currently trading at $30.50
Buy-level: $30.00 - $30.60
Stop loss: Below $26.00
Target 1: $35.00
Target 2: $40.00
Target 3: $45.00
Target 4: $50.00
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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Pancake Swap - $CAKE - Gaining Strength Despite BTC WeaknessWe've been watching BTC struggle while alts have been gaining strength.
One of the top alt coins gaining strength is pancake swaps cake token.
I've been saying this for the last three weeks that pancake swap is massively undervalued and has a ton of upside.
There were only be a limited amount of time before the market fully catches up and properly values it.
$CAKE: Great buying opportunity Cake has been holding it's support at $19 as Bitcoin has been dropping to $54-55K. Yesterday it hit the support trend line and bounced straight up to $25 but it has now dropped back down and held a strong supporting price. I see $CAKE consolidating for maximum 7 days before it exits out of the triangle and hitting a new ATH.
Take profits at:
$TP1: $25
$TP2: $27
$TP3: $30
Hopefully this helps you and your crypto endeavours.
CAKE/USDT : Breakout confirmed BINANCE:CAKEUSDT
Hello everyone 😃
CAKE had a breakout from it's bearish trendline and now it's holding above it.
Also It passed MA 100 & MA 200.
CAKE already bounced enough..
It needs to retest bearish trendline for healthy growth !
📌 How ever there is a resistance, Which lead CAKE for retest anyway...
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
$CAKE Token Broken Out of Consolidation Down Trend to UPside...trend lines marking the down trend in $CAKE token consolidation period... Recently broken out to the upside.
$CAKE is a Token with huge potential due to the incredibly lower DEX Transaction fees offered through Binance Smart Chain on Pancake Swap.
Pancake appears to be a rapidly growing DEX which some people feel can surpass Uniswap or at least reach similar market cap.
Cheers to those have eaten CAKE! @SmileyTradesHello Traders!
We have finally met our Macro degree Target! A big congratulations to those who took this trade with me.
I must say, it's been a trade with bottom entries and top targets! It's been ~250% in price gains from Entry to Target! Great trade.
I've included what's next for CAKEBUSD on the chart. Pay attention to how price begins to consolidate after the Target has been met; it will tell you how bullish/bearish it is.
Key levels on the chart!
Happy Trading, always manage risk.
Quality in trading is the ability to react to one's own psyche
Pancake Swap ($CAKE) With Lots Of Upside in the Near FutureWe are only seeing the beginning of what's to come for $CAKE. I've been saying since $9 that this platform is undervalued and I will continue to say this until it's above a $10b market cap.
Stake your coins on Pancake Bunny and get a great return while you hold for the 5-10x.