Cakeanalysis
CAKE - Best purchase price impossibleWe are at the best price to buy or at the beginning of a bearish market deepening.
To sum up: if you buy, be cautious if you own, keep your fingers crossed that a new rally is coming.
MANAGE YOUR RISK! The loss you take in case of failure should NEVER be more than 2% of your total capital. NEVER. You invited to share your vision in the comments. Thank you
My idea for CAKE/USDT in the coming days/weeksI can see a bullish flag on the CAKE/USDT daily chart: prallel descending channel after a long price explision.
No RSI or MACD divergence (higher highs on price and the latter 2 indicators alike) -> I expect no trend reversal, I am still bullish.
Strong confluence:
min/max price Fibonacci 0.618-level retracement aligns with
default daily Keltner Channel bottom.
Also a past resistance ($29.333) is almost touching these levels. Past resistance may act as support for this falling price.
Checking the 4-hour chart a bounce upwards may be imminent. If it breaks the upper channel level, it may go up to ~$54.
If I stick to the daily chart, I assume the price would go up to the channel top, bounce back to around ~$30-$31 then race up to break the upper channel level all the way to $53.
Also the Fib-retracement level 1.272 level is ~$54.
We will see how this works out.
Cake - Figure mutation - rectangular flagThis figure is a bullish continuation. Then, to think about a bullish option we must break the upper resistance of the rectangle . It would be dangerous if the 100 EMA is broken, since we would go to the floor of the rectangle . Approximately towards the 200 EMA .
MANAGE YOUR RISK! The loss you take in case of failure should NEVER be more than 2% of your total capital. NEVER.
You invited to share your vision in the comments. Thank yo
Ready For The Next Cake Party?🥞/Super Bullish/Previously on Cake:
- Just broke it's bull flag.
- Retest successful
- Rsi forming a good trend
- Follows Bnb and Bnb mostly follow BTC / BNB is very bullish moving up to $750/
Episode2
*Cake was resting in bull flag after the party!
*Hangover mode of the cake is going away!
*I fell bullish for the next few weeks.
*LET'S FIRE THE SECOND ROCKET.(There will be more rocket to fire)
It's always good point to buy cake but If you are looking a point to buy more just wait for few drawbacks to the up trendline and buy it! /Deff. Not financial advice/
Follow if you like and wanna see more updates on cake.
How bullish is the cake-🥞🥞🥞🥞🥞🥞🥞🥞🥞🥞🥞🥞🥞
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.
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$22 to confirm the next movement.
CAKE GETTING READYHello everyone, NOT FINANCIAL ADVICE
Cake is about to complete down trend and the triangle shows the next target. Good luck, trade Safe!
Cake - cakeusdt - cake, close to being bullish, but not yet -1hsCake still recognizes the resistance raised in my previous analysis
Even though now it had a bullish moment, in my opinion cake is bearish as long as it is below 43usd.
in summary
If you are not yet in cake you can buy if cake rises above 43usd and makes a throwback.
If you currently own cake, be careful!
Enjoy the cake 🎂Cake is going what we expected so now it has broken the triangle as well it can go till the resistance and if it is broken then ath cake we will eat
Thanks 😊
Cake - CAKEUSDT -BE CAREFUL!! - 1hsimportant zones, if it fails to break the pink zones we will have a fall of approximately 15% in my opinion. Shoulder Head Formation.
If it manages to break the resistances in pink we have the next target at 47.
CAKE touch the high we will see 46$ ?Cake test the high in 36.47$ we will take buy position in 36.55$ TP 45$ SL 32.7$
risk 10% Profit 25%
can back to the up trend so if u are already in buy position take 30% of profits
Cake ATH DAYS ...CAKEUSDT
Cake 4h chart a big picture make you understand more!
$40 price is short-mid term price ( i think $100 maybe is ok :D )
THIS IS NOT A SIGNAL !!! just a simple analysiss
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.
