CAKEUSDT AnalysisHello friends.
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Everything on the chart.
open pos: market
target: 26 - 30 - 35
after first target reached move ur stop to breakeven
stop: ~15.5 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 3
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to your questions or suggestions(Looking for investors!).
Cakeusdt
PANCAKESWAP/CAKE : SWING BULLISH IMPULSE READY | LONG SETUP 🔔Welcome back Traders, Investors, and Community!
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Cake to 25 $ USD?Cake is in a correction of approximately -70%, it has been in an accumulation phase since the end of May.
We can also see that it is below the 200 EMA and the volume has not increased significantly. So we need to break that 200 EMA at roughly $ 14 to see a bullish scenario.
If we assume that Bitcoin resumes its bullish path I see no doubt that Cake's next target is $ 25-$ 27.
PancakeSwap #CAKE to 31 $ ?After seeing how the target of $ 25 was perfectly met as I mentioned in my old publication, we can see again the formation of a triangle, which should break up at the end of this month, obtaining as a target $ 31 that would represent the 61.80% fibo of the May correction.
However, I believe that if the market remains bullish and we continue with the respective token burn, we will be able to see an even stronger momentum up to $ 36.86 which represents the 78.60% fibo.
Cake is undoubtedly one of my biggest bets in the remainder of the year and I hope to see it reach high prices, which I will share with you later in my next reviews.
i don't give advices ..i 'm just sharing my opinionhello, i hope you all guys making good profits
as we saw last time it went like we expected , and i'v entered the market again on 22$ average .
Now it's possible to be a retest of its up-trend break ,so i took out my capital on 25$ and i'm continuing with the profits until it gets clearer , in case it goes down again i will look for a new enter area ..
if i see 4h candles closing above 25.200$ i'll wait a correction to reenter
in the end .. i have to keep my capital safe...
if you have another vision ,just share it in the comments..
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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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Write your comment and opinion below for me
CAKE best healthy scenario the price is around a daily resistance wich is 27-28$ (at the same time near 50% fib on daily ) that means it could take a week before it falls to the support area
and its important to understand that if cake price goes up to 34-37 that would be retest of its ATH on Market cap because of its inflation (the market cap reach the ATH but the price can be at 86%of its ATH)
i took out my capital and i'm wating to buy it again at 23(30%) and 21 (70%) if the market stay bullish
and keep your eye on BTC because its the mother of all other coins
SHARE YOUR OPINION IN THE COMMENTS ...
CAKEUSDT 1day chartThe cake is currently testing the red zone area for the upward rally, once it breaks, we can see the good move up a rally in it. In case of failure of the test, the lower zones for buying points are the market. Buy the breakout of the red zone area, This will pump cake harder. Wait for the confirmation!
Note: I'm, not a financial advisor, do your own research.
CAKE-USDTAs per the data provided by DeFiLlama, PancakeSwap has retained the second spot amongst the DEX and has locked in $6.4B in its protocol.
Total Liquidity in the protocol has gained 30% in the past 1 month which lies in tandem with the current Bull rally in its native token.
The support to the lower side is present at $20 while it may face resistance at the levels of $30 and $34 moving higher.
CAKEUSDT : TP1 Reached ✅🚀 +21% ✅🚀Last Analysis of #Cakeusdt in 16.Aug.2021 : As we can see, after breaking its downward trend, the price is gathering strength to start a strong climb.
In order to buy, the SL (stop loss) and capital management must be observed.
All resistances and TPs (take profits) are marked on the chart.
(DYOR)
Now : TP1 Reached ✅🚀 +21% ✅🚀