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CAKEBUSD

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
Is CAKE baked?CAKE has looked asleep for nearly a month ranging between $17 and $21. Price action is getting squeezed within a few different trend lines at the moment. I believe if it can break above $21 it'll have a shot at reaching it's previous ATHs and possibly higher. If it stays within this channel it can possibly reach as high as $450 or $500. A nearly 3000% move. This all depends on BTC continuing upwards or at the very least not crashing. Once BTC is done consolidating though, altcoins will start to explode and CAKE may be one of the sleepers waiting to wake up.
CLong
by variousCryptos
3
CAKE - is going to skyrocket 🤯🚀There is an interesting pattern on the CAKE chart. You can see the trend line, the price has already tested it four times, but has not yet been able to break it. With each test, the resistance is weakening, so we should expect a breakdown of this trend line. There are two scenarios worth noting: - If the price reaches a low of $17.7 and then breaks this resistance line, this would be a very good buying opportunity. - If the price squeezes and then breaks this trend line, that would also be a good buying opportunity. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
Long
by Yuriy_Bishko
8
CAKE MASSIVE GAINS INCOMING? BUY HERE$CAKE has been in a down trend since April and it is now breaking out with volume. All the indicators are showing bullish signs with every tf flipping into bullish from all smaller timeframes to the htfs till 12 hours are now bullish. OBV turning green, MACD bullish, RSI holding and breaking downtrend, trendline broken and bullish harmonics. I am taking entry here at market price $20.7 and will tp it till 22.65 - $34 Also, alot of developments has been going on CAKE with their NFT marketplace launchin I was expecting this breakout to happen soon and looks like we're ready now! Good Luck. If you liked this idea give a like and a follow :-)
Long
by TychonTrades
3
CAKE: breakout very soonBINANCE:CAKEBUSD BINANCE:CAKEUSDT Just now, BTC broke out from a mid-term resistance line, retested, then pumped hard to 55555usd. I see similar pattern on CAKE. The breakout is imminent. I don't predict price of few days. Let's see the real bull run target. Now CAKE is in a half-year correction. It finished a classic Wyckoff re-accumulation phase and entered phase E. A new uptrend is coming. My first target is the previous high of 44, then 100. Price around 150 is very like in altseason. Fundamentally, Pancakeswap is the most important application on BSC. Its token CAKE, unlike the solely reward token (UNI, CRV, et al.), is extremely useful. CAKE's single asset pools have the highest and most stable yields among DeFis. It is also a distribution platform of other tokens, and an NFT marketplace. I'm expecting CAKE entering Top 10 rank at least for a short while. And there is a secret behind CAKE: Why does Binance not open futures trading for CAKE? Because CZ has his plan. NFA.
CLong
by RidingBubble
3
Descending channel for CAKEThis is a very clear descending channel, VLPR shows a lot of buys are happening at current price so this should ease a possible breakout, the problem is that it can be difficult to reach enough volume to do it. But usually before breakouts volume is lower, this fact united with the BB squeezing at 4h makes me thinks the breakout is close. I'd enter 50% now and 50% after the breakout or at the bottom of the channel in case this does another leg down. Fib retracement shows current retracement hit 0.618 area which is a good zone for a reversal. Use stop loss and good luck!
CLong
by Shotokhan
don't forget the Cake inflationmy last prediction was to stay out of the market when the cake was on 25 $ (you can see the idea in my profile) as we saw the cake has already reached its 61,8% fibo , while the other alt coins haven't yet ,and that's because if its huge inflation that what make me just short term investor in cake , so i'm waiting until the bitcoin falls to the 37k zone i will enter the cake mid term trade , and i expect the price will drop to 14_15 area ,(that would be the real 61% fib on cake on the market cap) in worst case scenario i will be missed out and waiting another chance to enter , better than staying in minus .. you can support me just by following me , and leaving like on the idea .. Share your opinion in the comments to compare the cake price with its inflation on market cap just see cake chart on cmc
BINANCE:CAKEUSDLong
by memotion
1