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Cakeusdt

CAKEUSDT --> it NEEDS to break this trend line!Cake is desperately trying to break this trendline, it needs to break it to go higher, its failed it many times now. Its a bearish pattern of sequential lower highs that is starting to squeeze price. $9.5 is major support, $8.3 is the last line of defense. BTC revisiting 28.8k and going lower may very well break CAKE's back and most of the ALTcoin market :( I see a descending triangle pattern but technically I don't think it meets the criteria, as most ALTs do CAKE is roughly following BTC price action, most alts look similar so we cant take much significance in ALT charts unless major divergence is shown.
Short
by tommytoan11
CAKE/USDT Might Fly Soon 🚀🚀🚀📈 CAKE/USDT| Potential Upward Movement 💡 Buy Limit Order @ 17.78 🎯 Target Profit 20.11 🛑 Stop Loss 16.62 ❌ Do not risk more than 1% of your account on each trade Description: The price succeeded to reverse and change direction from a downtrend to an upward one after leaving a head and shoulders around the daily support. We expect a lower correction to the neckline before a rally all the way up to the target profit. ------------------------------------------------------------------------------------- Please press “Like” if you appreciate the trading idea 👍 “Follow” for more trading ideas in the future 👀 “Comment” below to share your thoughts with us and other traders 👥 ------------------------------------------------------------------------------------- Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️ ------------------------------------------------------------------------------------- 🙂 Good Luck!
Long
by CollegeofPips
1
CAKE-PancakeSwap-USDT (OVERVIEW)Hello there!👋 Thank you for stopping by today, let's get right to it 🌍👇😄🎉 Technical Overview : 🔍📈 Technically, CAKE🍰 (PancakeSwap token,) IMO, was forming what looks to be some sort of bear-ish structure/harmonic.🐻👁‍🗨 Price decided against this pattern and we are now seeing some possible bull-ish activity🥳🐮, which leads me to believe we can hit our bull target depicted above! Additionally, price action broke up and out of a major trendline(purple,) engulfing the 💲16.0 price on ~May 31st, and has maintained bull momentum for the most part since then. I am expecting us to reach ~💲25.05 in the near future⏲⏰✔, where it would then be wise to re-analyze. Fundamental Overview : 📝📍 🍰🥘🍰 is a DeFi AMM platform that allows you to earn liquidity by staking the CAKE token on the BINANCE SMART CHAIN. BSC (Binance smart chain,) is a blockchain that provides fast transactions with low gas fees.🆗👍👏 PancakeSwap launched September 20, 2020 and is now down ~54 % from its ATH price of ~$44 on April 30th of this year.😮📆 We may be seeing Pancake lovers scooping up their CAKE while it's down.. let's see👀, but remember, always use proper precautions when making large investments 📌🧐 I have also created a few other paths that I see possible, in the event that we turn bear-ish. 🙂🐻 🛑🛑🛑This is not financial advice, always have a stop🤚🛑💲 loss set🛑🛑🛑 It is a good idea to always monitor 🧐👀 BTC and ETHs movement when making any trade Any thoughts 💭💡, questions 🙋‍♀️🙋‍♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome. Thank you so much!!! Jazerbay 🐶
Long
by jazerbay
38
$CAKE on breakout!Like all other alt coins, $Cake seems to be on the breakout and it has formed the inverse head & shoulders pattern. Just a simple neckline shows us it will be retracing back to $33 zone where it held strong before the "manipulation" happened. It has also broken above the EMA ribbon which is another bullish sign. (based on 4 hour chart) You may put in a long position here if you like. Disclaimer: THIS IS NOT FINANCIAL ADVISE :) Like this post if you want more of similar content, cheers!
CLong
by chadyounggg
CAKEUSDT, Possible tasty long!Looks like CAKEUSDT is at a nice point for a long entry! Timeframe - h12 I have labeled in red the biggest spikes on the VPVR indicator. The POC is $27.201. We are currently about 53% away from the POC, and about 108% away from the highest VPVR spike. Stochastics have room to rise We are re-entering my EMA band right around the .236 fib level. I generally use fib levels to help make my entry/TP/exit points. Don't forget to take profit! Pay yourself! I love you all, Sangbagner
Long
by UnknownUnicorn16206213
2