Caketether
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
My idea for CAKE/USDT for the weekendI'm just a beginner chartist but I cannot ignore this double bottom pattern potentially forming.
If the red dynamic resistance line is broken with some volume (and retested) then a break above the purple neckline may be in the books, followed by a break above the last support turned resistance. If then that level is retested and it holds then we are looking forward to a move higher up. Please watch all the key levels that I circled on the chart. If you go long use proper stop losses and you may also want to take small profits on the way up at the key levels.
Remember, the bull trend has not yet been confirmed on the 4-hourly chart, we are still officially in a bear trend on the short term. We may as well see further downward movement regardless of my observations.
Cake - cakeusdt - cake, close to being bullish, but not yet -1hsCake still recognizes the resistance raised in my previous analysis
Even though now it had a bullish moment, in my opinion cake is bearish as long as it is below 43usd.
in summary
If you are not yet in cake you can buy if cake rises above 43usd and makes a throwback.
If you currently own cake, be careful!
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!
Pancake Swap ($CAKE) Buy Zone Around $10.65 With BTC CorrectionI'm starting to get more bullish long-term on Pancake Swap and would love to grab more tokens in the range of $10.65-10.75.
This one will take off once we get out of this correction with lots of good news and they are taking their coin inflation seriously.
With more tokens going over the Binance to reduce fees for buyers, Pancake Swap is quickly gaining market share.
CAKE: Breaking The SupportGood day to all profit makers
If you find my charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you!
If we break through this support we can see a nice possible buy setup unfolding.
- Consult the chart for more information.
- On the chart, you will find possible support setups
-This is just an idea, the price might go up or even further down
- The market is extremely volatile.
- Trade with care
- Note:
- This is just my current idea.
- I am not a financial advisor and this is not financial advice!
- The timing of this chart will most likely not be accurate
- There is always a huge chance of different patterns taking shape in these ever-changing charts.
- My views and charts can and most probably will change.
- I can be 1000% wrong!
- Important:
- Trade responsibly.
- Respect your wallet
- Greed is never good
- Be focused.
- Have a plan.
- Stick to the plan.
- No FOMO.
- Take the time to study YOUR own charts and come up with your own ideas as you are going to trade with your money.
- Never trade what you are not willing to lose
- Remember Stop-loss is your friend.
- Smile!
- Good Trading and Good Luck
If you find my charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you!