Get started

CAKEBUSD

Let them eat CAKE!Right now we could see a nice falling wedge after a bearish Crab Harmonic Pattern that after it reached the pcz, retraced to the .618 fib level from which it has been holding as support for 6 weeks now. Yes it struggled at the 200 day sma but it never dumped and created alot of support by doin so. Rn Cake is perfect for a trade because its very easy to manage risk at these levels. A close below 17.80$ could signal more downside on CAKEUSDT but if it manages to break the supply line of the potential falling wedge it could end this consolidation/accumulation at high levels and sideways movement with a big bullish engulfing candle in the next days or even hours. Stop losses are manual because we always want a candle close confirmation b4 selling. Today i learned a valuable TA Lesson i used the same chart for the last months for CAKEUSDT. I always studied the same CAKEBUSD chart which was cluttered with drawings which made me biased. i never hid all my drawing or looked at a clean chart which was a distraction from developments that happened on the Chart. From now on i will take a fresh look at stuff and also focus on the most important drawings and start hiding stuff more often while charting.
Long
by luyestefan
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
CAKE has high potential to grow, just buy if...!Hi dear followers, CAKE token is undervalued in my idea and there is a big move ahead for this token. At the moments this token is completely in a downtrend as u can see, There is possibility for more falling before going up. Where is the best place to buy? If you want to buy this coin, The most important thing is to wait for breaking up the downtrend trend line. Buy after breakout and re-test. ATH is easily in access for this coin and until end of the year.
by TahaZargar
4
CAKE/USDT Daily Support and Resistance Zones Targets 10/29/21CAKE is in Range, forming a bullish pennant in daily timeframe, while all coins are in Bullish mode this last days, CAKE didnt do any significate movements. Support and Resistance Zones marked in RED/GREEN Boxes % calculated to every zone. Be aware this is a daily time frame analysis, medium term trade. My entry is at 18.04 USD SL at 16.90, and moved to entry price after 10% up. Will update as the trade happens. Trade Safe. Regards. P.D: Remember that BTC dictates the market.
Long
by huloza
1
CAKE/USDT : Break above the trendline, important CME gap on BTC!BINANCE:CAKEUSDT | CME:BTCX2021 Hello everyone 😃 Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it ! #CAKE has broke above the bearish trendline and the lower support zone has showed a stiff support. MACD is gaining bullish momentum on histogram and it looks like that we'll face a bullish continuation after a retest on broken level ! The higher resistances will be : - $21.06 - $22.85 - $25.88 - $31.50 - $38.30 The lower support zone can be used as 2nd entry if we saw any developing candle on it and the SL can be placed below it... 🔴 Based on higher data, The invalidation of the bullish bias will be a hold confirmation below the zone ! 📌 Huge gap formed at ~61000$ FYI: ±90% of CME gaps are filled sooner or later. Keep this in mind. We hope it won't be filled 🙂 Hope you enjoyed the content I created, You can support us with your likes and comments ! Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
27