CAKE/USDTCAKE/USDT - going to long, as long as I am going to hold it, I am gonna put this to the farm for staking, until trend's gonna change
Cakeusdt
CAKEUSDT: BREAKING DBW PATTERN, FAKE BREAKOUT/ CONTINUE BULLISH?Hello Traders. Here's free outlook for you! Don't forget to smash the LIKES, COMMENT, and FOLLOW button to support the channel.
UPDATES FOR CAKEUSDT:
CAKEUSDT is breaking descending broadening wedge pattern, the momentum indicator is pointing up in the oversold area, indicating that CAKEUSDT is potentially continue moving upward.
The roadmap will be invalid after exceeding the support/target area.
DISCLAIMER:
This is only potential outlook, not a recommendation to buy/sell the cryptocurrency.
CAKEUSDT: DESCENDING BROADENING WEDGE, THE BULLISH OF ALTCOINS?Hello Traders, Here's a free outlook for CAKEUSDT. Don't forget to smash the LIKE, COMMENT, and FOLLOW BUTTON to support the channel.
CAKEUSDT is forming bullish continuation pattern, breaking descending broadening wedge pattern, potentially move to the resistance/target area.
The roadmap will be invalid after exceeding the support or target area.
CAKEUSDT Analysis: We are looking for new fair price.On the currency pair CAKE / USDT we see how the price leaves the current fair value around level POC 15.8
The price jumps nicely up the trend line.
In addition, the fundamentals are also positive.
The only thing that could bring the price down now is the unexpected strong fall of Bitcoin.
Management and commenting on the trade will be shared with our students again.
Happy trading wishes Team UCT.
cake has grown 65% since its entry point on 12/08cake has grown 65% since its entry point on 12/08
Completed target 1. move to target 2
Cake going for 24 and then 32We have a double bottom and a hidden divergence at 4h timeframe and a beautiful double bottom at 24$ in daily timeframe which take us to 32$
CAKE going down. H&SCake going to down . Right now it’s clear H&S. Entry and target showed on pictures. Not financial advice. DYOR
CAKEUSDT - trend analysis - Quick Draw Up. Flag Marks - Resistance touched 3 times but didn't break through.
Similar trend forming from the last push up to support.
Has broken out of downard channel and RSI is a steady 55.27.
RSI would need to hold above 53 - trend indication only.
Green Trend Line is outlining a replication of the last push to support.
50/50.
Head and shoulder formation in Cake* Cake in 1H time frame forms a Head and Shoulder pattern, which is a trend reversal pattern occurs during bull run.
* It appears with three peaks in which the two outer peaks are smaller in compare to the middle one.
* Cake has a support near $20.960, if it breaks it's support we can see a drop till $19.800.
CAKE - What's Next? 🧐Cake has been on a bullrun since we saw the triple bottom in late July. We have been steadily climbing but we have now gone away from the ascending trendline in the form of an ascending correction = reversal pattern.
If this ascending correction breaks down completely, we might see a deeper correction heading back down to the $16 where we have previous structure. If its a small retracement, look for a bounce off the ascending trendline.
CAKE - What's Next? 🧐Cake has been on a bullrun since we saw the triple bottom in late July. We have been steadily climbing but we have now gone away from the ascending trendline in the form of an ascending correction = reversal pattern.
If this ascending correction breaks down completely, we might see a deeper correction heading back down to the $16 where we have previous structure. If its a small retracement, look for a bounce off the ascending trendline.
CAKEUSDT 1D TFAs 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)
CAKEUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 4-hour time frame. As you can see, the price is moving above its support line. And for now, we think the price can touch our target. But as long as the price is moving above the support line, we are in an uptrend.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
CAKE can't Increase Further much more.Hi every one
CAKE / TETHERUS
CAKE/USDT is doing a impressive bullish movement but It can't last for ever. Each Trend needs a correction without a Doubt. so as you can see If we put a Harmonic pattern Like Crab on the chart we can Understand that the Price's bullish Trend is about to End (Pay attention to the EX Ret which is 1.681) so yeah the Bullish Trend can continue a little longer but It will End and The correction will be up to the 0.618 line of the Fibonacci Retracement and after that of course a Bullish Movement will be started. There is also a Regular Bearish Divergence (-RD) on MACD as well which makes the Downfall of CAKE much more reliable.
summery:
-CAKE's Bullish Trend is about to End.
-Crab pattern shows It's about to end and time for correction
-correction can be up to 0.618 line of Fibonacci
-(-RD) on MACD makes the Expect correction more reliable.
💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
#CAKE, #PancakeSwap is approaching resistance: potential +24%!A quick look at PancakeSwap (#CAKEUSDT, 1D, Binance):
According to CoinMarketCap, "PancakeSwap is an automated market maker (AMM) — a decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return." The token registered an impressive +98% gain over the last month, following the trend of the overall market.
Main Points
Price approached resistance at $21.17. If it flips it to support, price could easily head to $26.28 for a +24% profit.
If rejected, closest support level is at around $19.
Strategy
If price breaks the resistance (wait for confirmation) :
TP1: $26.28
SL: n/a(*)
If you want to read more about PancakeSwap on CoinMarketCap, click here .
What do you think?
Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
But if you enjoy my chart, please like, comment or follow me. :)
Thank you and Happy trading!
(*) I do not use Stop-Loss for the simple reasons that I do not margin trade, and I trade only assets that I do not mind keeping long-term should the price suddenly crash.
------------------------------------------------------
Some of my charts represent actual trades, and some are just paper trading.
Needless to say, this is not financial advice!
Cake-USDT updateNext targets: 23.3 - 27 - 31.5 - 36 - 38.5 - 40 - 42.8 - 45 - 66.5 - 101 - 136 - 158
Cake / Usdtright now price trying to hold above important support , a little down to 18s and we are ready to go to next resistance at 27 $
stop will be daily fixed below support
PancakeSwab/Usd looks bullish but vulnerable to correction PancakeSwab/Usd looks bullish but vulnerable to correction.....................................................................
CAKE/USDT now 91% pure profit and still expecting more TPs#CAKE/USDT Profit Update:-
$CAKE currently trading at $21
And Our entry was $11 filled ✅
Now 91% pure profit within a month.
I am still expecting it will hit more TPs.
but I will suggest now you can free your principal amount and hold only Profit.
Entry was $11 ✅
TP1:- $21.50 ✅
TP2:- Pending
Support:- $18/$12
Resistance:- $27/$44
Please click like button and Appreciate my hard work.
Must follow me for latest crypto real time updates.
Thank you.
🔥Cake/USDT🔥The cake is broken and ready to bake.
Currently, due to the increase in the bitcoin range and its movements, all altcoins will be affected by it. The analysis is just a series of probabilities.
I hope you find this analysis useful🌹
Follow for more...
