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Cakelong

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 ~$54. We will see how this works out.
Long
by LaiChee81
CAKE BUSD NOT LOOKING GOOD !!Hello, i Check my all custom indicators on cake busd to get any bullish sign but it seems cake is done here and need to retrace to demand zone in order to pick some genuine volume. also, its a dex platform so its hard to say anything about the volume cause its diversified in dex and binance so binance could be on low vol as compare to pancake dex. well, lets see how it play out, overall this coin is bullish from a long time as it is supporting CZ BSC movements and cz is supporting this platform and token in return !! Technically we broke out the rising wedge which is ultra Bullish sign if we retest sucessfully then good to go. there is also exaggerated bearish divergence on daily timeframe Cheers.
C
by TheJohnSmith123
12
CAKE IS BULLISH UNLIKE THE MARKETGreeting from IRAN to whole trading community ✔💙 CAKE is moving through an ascending channel since 21st March CAKE could maintain in it's ascending channel unlike most of the market that lost their bullish momentum after that massive sell-off has occurred in market CAKE is above its major support 26$ As long as it can stay above 26$ , we expect from CAKE to rest then attack to its ATH and rise above 30$ KEEP IT SIMPLE :)
Long
by nima-mohammadkhani
12
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