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Cakebullish

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.
Long
by LaiChee81
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
Long
by vongovar
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 $750/ Episode2 *Cake was resting in bull flag after the party! *Hangover mode of the cake is going away! *I fell bullish for the next few weeks. *LET'S FIRE THE SECOND ROCKET.(There will be more rocket to fire) It's always good point to buy cake but If you are looking a point to buy more just wait for few drawbacks to the up trendline and buy it! /Deff. Not financial advice/ Follow if you like and wanna see more updates on cake. How bullish is the cake-🥞🥞🥞🥞🥞🥞🥞🥞🥞🥞🥞🥞🥞
Long
by MinimumWagerLvl1
7
Cake looks Bullish !!Cake/usdt Had an amazing run a few days ago over 70% pump which was tremendous .1 personally can see cake at 30$ before may,Futher a Cup and handle confirming it gives us more confidence in it . We could also Presume it as a Bull flag. And the target would still be Astronomical.i would like to see the breakout of the neckline In the next few days.further btc dominance falling into new lows adds to the hype. Fundamentally speaking Cake has a circulating supple of 150M Price 18$ Uniswap 500M price about 30$ Also with ethereum Scaling solution Layer 2 being postponed for July could give room for dexes like pancake swap room to grow. I hope you all good trades Do your own research none of this is financial advice Cheers!
by ChartGains
2