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Cakeusd

CAKE - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow. CAKE is approaching a strong support and demand zone so we will be looking for buy setups on lower timeframes. on H4: CAKE formed a wedge pattern but it is not ready to go yet. Before we buy, we want the bulls to take over. Trigger => Waiting for a momentum candle close above the last high in gray to buy. Meanwhile, until the buy is activated, CAKE would be overall bearish can still trade lower and dive inside the blue zone before going up. In this case, we will be looking for new buy setups to form. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
20
CAKE bullish or bearish? REVIEWSo I think it all depends on this support are around 18. It seems bears have the upper hand here BUT bulls are not so far behind either! AND with the recent BNB pump + fundamentals around memecoins which are mostly on BSC, I bet my money on the BULLISH scenario! If somehow the bears takeover, which is very unlikely, the price can momentarily touch 16-13 areas that seems to have strong support. And even if this scenario plays out I still wouldn't be too worried about it as for the long term CAKE is definitely bullish AF! HODL & stake for that APY! (STILL, proceed with caution) DYOR.
Long
by Crypto_world_011
CAKE bullish or bearish?CAKE recently lost it's support at 20 and now it's retesting 18 zone. I don't see any more price drop from here as this seems to be a very strong support zone. In the next few days CAKE will be retesting it's previous support zone at 20-21 and if it can break above it, which is likely according to bullish signs, price can easily target 26 resistance area and in extereme bullish scenario even 42 and higher but for that to happen I think we first need a more higher low support zone.
Long
by Crypto_world_011
12
Cake price predictions- Bullish up to $100 in short to mid term- hitting long term support levels - Total value locked seems to be rising- showing signs of reduced supply, currently 80% - Hopefully expect price to reach ATH soon and maybe testing the $100 level short to mid term. Long term potential to $1000 but seems a bit far fetched considering market cap. - On BSC Scan can see likely 20% remaining liquidity moslty all in exchanges, when this dries up further hopefully we'll see some nice price action to upside. - currently great time to buy in around $18 to 20, and stake this on pancakeswap, and provide more upward thrust, NOT staking on the exchanges where they will take commission and reduce price potential as this commision will be added to selling pressure. - TIP if you buy on the exchange, the exchange may try to block transfers off by saying issues with BSC, but essentially they don't want it going off their exchange, just be patient and remove it off the exchange, or transfer BUSD off exchange and buy directly on pancakeswap where you won't get these issues.
BINANCE:CAKEUSDLong
by Cos14b
CAKE BULL RUNhi , our general opinion for cake is long in the longterm (when alt season begin),as you know in fib retracement between 0,786 and 0,618 zone is golden packet it means we should test it one day and our weakly strong support is 30$ and also 0,618 retracement is 30$ so our first target for cake is 30$ , second target is 44$ because its ATH . and as you see in the chart , cake make a descending chart pattern ( descending chart pattern in old market is a bearish but in new market like cryptocurrency is a bullish chart pattern) and it broke the pattern and our target based by pattern is 54,92$
Long
by matin_iranian
3