CAKEUSDT 4 HOURHere are the support and resistances for CAKEUSD. We are in uptrend on the daily time frame as long as we are above 21.70. Next week looks super bullish for CAKEUSD.
CAKEBUSD
Cake-USDT updateCake has had a great growth from 10BUSD to 26BUSD and needs some rest, just like BNB. cake has been lost its ascending channel and is ranging between 22.1-24.3. Next growth is expected after breaking 24.5-26.5 BUSD
CAKE, a long term vision. CAKEUSDTHello my friends, A multi timeframe analysis of CAKE and a long term vision for investment. The price breakup the major resistance and usually after that will pullback to level as a retest. So If the price fixation in this area I expect price growth. You can consider it and the price actions in the circle to buy it. Good luck
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CAKE currently in a month-long uptrend (forming channel)So here´s mi friend BINANCE:CAKEBUSD forming a neat uptrend within a parallel channel which begun on July 21st.
As the overall crypto market led as we know by the BTC-ETH couple regains momentum, $CAKE resumes its own trend, nowadays quoting between 21 (floor) and 23.45 (ceiling).
Cake-USDT updateNext targets: 23.3 - 27 - 31.5 - 36 - 38.5 - 40 - 42.8 - 45 - 66.5 - 101 - 136 - 158
Cake / Usdtright now price trying to hold above important support , a little down to 18s and we are ready to go to next resistance at 27 $
stop will be daily fixed below support
CAKE/USDT now 91% pure profit and still expecting more TPs#CAKE/USDT Profit Update:-
$CAKE currently trading at $21
And Our entry was $11 filled ✅
Now 91% pure profit within a month.
I am still expecting it will hit more TPs.
but I will suggest now you can free your principal amount and hold only Profit.
Entry was $11 ✅
TP1:- $21.50 ✅
TP2:- Pending
Support:- $18/$12
Resistance:- $27/$44
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🔥Cake/USDT🔥The cake is broken and ready to bake.
Currently, due to the increase in the bitcoin range and its movements, all altcoins will be affected by it. The analysis is just a series of probabilities.
I hope you find this analysis useful🌹
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CAKE Break Above 200MABuy the break above 200MA!
The breakout is also supported by the formation of a falling wedge that price has broken out of
Created a trend for price to follow
CAKEUSDT --> it NEEDS to break this trend line!Cake is desperately trying to break this trendline, it needs to break it to go higher, its failed it many times now. Its a bearish pattern of sequential lower highs that is starting to squeeze price.
$9.5 is major support, $8.3 is the last line of defense.
BTC revisiting 28.8k and going lower may very well break CAKE's back and most of the ALTcoin market :(
I see a descending triangle pattern but technically I don't think it meets the criteria, as most ALTs do CAKE is roughly following BTC price action, most alts look similar so we cant take much significance in ALT charts unless major divergence is shown.
Cake-USDT updateMid-line downtrending line supports... fib level is supporting too.. down trending line in 4h-time frame should be broken for ascending
CAKE/USDT Ready for $60 mean 300% from here..?#CAKE/USDT TA Update:
$CAKE looking good at this level.
Yesterday Dumped and Instant recovered.
So I am bullish on $CAKE
Entry:- $11-$13.35
Targets:- $21.50/$27.40/$42/$60
SL:- If candle close below $10.50
Waiting for Breakout.
If break out $16 then Super Bullish.
Support:- $11
Resistance:- $21/$27/$42
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Bearish Flag // Rising WedgeAs we can clearly see bear flag :)
NOTE: Tread at your own risk // just sharing my ideas
Cake Fibo long position Cake had a strong sell off and closed below the 1h SMA 100 still the SMA 200 ahead, I think it will retrace and reach 22$ in the next few days. it could get down to 17.50$. but 22$ is more likely I will wait for it to close above the 0.618 and then I will buy. especially if it retraced off the 0.786-0.705 Fibonacci level like it is doing now I will wait for confirmation above 0.618.
MY MINIMALIST CHART ANALYSIS FOR $CAKELOOKING AT CAKE
This is not a piece of financial advice. Boxes are major price action probability. it may be a top-up level, partial close, exit or entry-level.
Run Fibs at different time frames for confluences and watch out for market dynamics as it unfolds its path.
