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CAKEBUSD

Time for more CAKECAKE has been taking a breather the last week, but could be ready to start moving again. It has multiple bullish signs. Still within this ascending channel since March. Bounced off the lower trend line, forming a bull flag and a hammer candlestick. If it stays within the channel we can be hitting $65-110 in the next of couple weeks, while a break above could catapult us to $152 and beyond. A break below the channel would be bad and we'd likely go to $28 dollars once again. Let me know what you think. BINANCE:CAKEBUSD
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by variousCryptos
Killer CAKE!Someone call the police because CAKE has been killing it and it does not want to stop. As the premier DeFi project on the Binance Smart Chain, CAKE has been growing in leaps and bounds. CAKE already hit the $38 dollar target and appears to have another 2x or 3x in it before it slows down. At the time of writing CAKE is sitting at a market cap of 6.4B dollars. I expect it to quickly catch the likes of LINK (14B) and UNI (21B). Looking at the technical the RSI is still looking really good. During it's first pump in February it reached RSI levels in the 90s three seperate times before price action finally started to fall. I also don't see a rapid crash in the price of CAKE given all the CAKE currently accruing interest in liquidity pools. The price looks to be moving within a pretty tight parallel channel. If it stays within this channel we can see it hitting 56 within the next week or 2 or even 90 by the end of May. A break above the channel could have us flying into the stratosphere and 127 would not be surprising. There's plenty of CAKE so come get a slice! BINANCE:CAKEBUSD
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by variousCryptos
3
CAKE BUSD NOT LOOKING GOOD !!Hello, i Check my all custom indicators on cake busd to get any bullish sign but it seems cake is done here and need to retrace to demand zone in order to pick some genuine volume. also, its a dex platform so its hard to say anything about the volume cause its diversified in dex and binance so binance could be on low vol as compare to pancake dex. well, lets see how it play out, overall this coin is bullish from a long time as it is supporting CZ BSC movements and cz is supporting this platform and token in return !! Technically we broke out the rising wedge which is ultra Bullish sign if we retest sucessfully then good to go. there is also exaggerated bearish divergence on daily timeframe Cheers.
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by TheJohnSmith123
12
Can Cake pull of a BNB type marathon? A little back Story: Many people think that Cake will pull off a BNB and well, they are not wrong- at least in my opinion. A few days back, I was looking for a long entry but saw a Bearish engulfing candle and decided not to- In fact, I went on for a low-lev short with the target of 0.618 fibs ($21.665 ). What's next? The 0.618 acted as the perfect support and the price bounced right from that point. Now, as you can see from the above picture, the trendline is still intact and it looks like that price will go break out from the next resistance point 0.786 fibs ($25.339) pretty soon. once, that is broken, traders can look for a long entry or a safer entry would be the retest of that previous resistance turned in to support with the target of 1fibs ($29.99), and in the best case- 1.618 fibs ($43.35) provided that the market conditions do not change significantly. Let me know what you guys think of the price action and if you would like to add something to this analysis! Best regards, J.
Long
by jahanzaib5555
2
Ready to eat more CAKE? @SmileyTradesHello Traders! Looks like CAKE has triggered our entry for the Meso Degree setup! Looking for a break of ATH and a target of ~$31.2!!! Take note...the Stop Loss for the Meso setup is pretty close to the Entry of the Macro setup so make sure you are position sizing accordingly! Key levels on the chart. I'll update again if we get either a break of ATH or a Stop Loss of the Meso setup. I will definitely keep my eyes on this. Happy Trading, always manage risk. Quality in trading is the ability to react to one's own psyche
CLong
by SmileyTrades
Cheers to those have eaten CAKE! @SmileyTradesHello Traders! We have finally met our Macro degree Target! A big congratulations to those who took this trade with me. I must say, it's been a trade with bottom entries and top targets! It's been ~250% in price gains from Entry to Target! Great trade. I've included what's next for CAKEBUSD on the chart. Pay attention to how price begins to consolidate after the Target has been met; it will tell you how bullish/bearish it is. Key levels on the chart! Happy Trading, always manage risk. Quality in trading is the ability to react to one's own psyche
CLong
by SmileyTrades
1
CAKE Meso Target Met, Macro coming! @SmileyTradesHello Traders! Hopefully, some of you have been paying attention to my analysis for this coin! So far, we have had some seriously amazing trades that have led to insane profits! I will mark the previous setups for your viewing pleasure (maybe to instill confidence within my trading). For now, even though we have met the Meso Target, we are still waiting for the Macro Long Target to be met at $26.30. In the meantime, IF price allows it, there is a Micro Extension that we are observing to see if price trades, but also some Meso degree setups below us as marked on the chart. Let's allow price to develop, ideally in our favor ;) Happy Trading, always manage risk. Quality in trading is the ability to react to one's own psyche
CLong
by SmileyTrades
CAKEBUSD (CAKE) - POTENTIAL BREAKOUT ANALYSIS 🔎 - CAKEBUSD is printing an ascending triangle (AT) pattern. - This is a bullish build up pattern. - There's a breakout potential. BUY ENTRY ⬆️ - Stop limit entry : breakout above the ascending triangle's horizontal resistance. - Limit entry : test of the ascending triangle's inclined support. TARGETS 🎯 - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the ascending triangle's inclined support.
CLong
by Chibuike_Odoh