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Cakeusdt

CAKE/USD - Can support hold us at $29? If not, $21 next!CAKE did a nice ATH at $44 at the end of April and ever since we have been correcting downwards. Right now we found support on the $29 level, but this is unlikely to hold us if the bearish momentum continues. The indicators on daily are bearish with MACD and RSI falling and this trend does not give any signs of relief. As such, better wait if you are interested to buy CAKE, you may get a better opportunity later on. For sure buying around $21 is a much better entry if we get it as that is also our previous ATH. Thus, wait for now and let price lead the way. We're still bearish, so no need to rush or FOMO into it. Like and follow if you liked this idea! Also join my crypto community to stay in touch!
CShort
by DU09
My idea for CAKE/USDT in the coming days/weeksI can see a bullish flag on the CAKE/USDT daily chart: prallel descending channel after a long price explision. No RSI or MACD divergence (higher highs on price and the latter 2 indicators alike) -> I expect no trend reversal, I am still bullish. Strong confluence: min/max price Fibonacci 0.618-level retracement aligns with default daily Keltner Channel bottom. Also a past resistance ($29.333) is almost touching these levels. Past resistance may act as support for this falling price. Checking the 4-hour chart a bounce upwards may be imminent. If it breaks the upper channel level, it may go up to ~$54. If I stick to the daily chart, I assume the price would go up to the channel top, bounce back to around ~$30-$31 then race up to break the upper channel level all the way to $53. Also the Fib-retracement level 1.272 level is ~$54. We will see how this works out.
Long
by LaiChee81
path to 50Cake is stuck in a consolidation pattern but looks to be in a bull flag Target (depending on how you read the flag pole) looks to be north of 50. I have my first target at the 2 fib level. Could go all the way up to the 2.618. I found a fractal that was right before this one that had some similarities with confluence to the same level the flag pole would tag us to. Of course, this all depends on the stability of the big boys ($eth and $btc) but this is definitely one that has cooled off and primed for another big move soon. Cake cake cake cake DYOR and GL!
Long
by DaCryptologist
CAKEUSDT - How to find a good CAKE entryCAKE and pancakeswap are trending hard right now, its a great defi solution that's innovative and has triple A backing in Binance. The common thought for most is, how can I get in on that profit?! One way to do it is buy low, sell high! In order to buy low, you need a good entry, luckily, I think I've found one! In todays video I go over how I find potential entries for profitable trades and apply it to CAKEUSDT === TimeStamps === 0:00 = Welcome! 0:35 = Patterns 1:20 = Fibs 5:20 = Resistances 7:30 = Price path 11:00 = Entry 12:05 = Stop limit 12:30 = Take profit 14:45 = Fundamentals 15:15 = CoinMarketCap 17:30 = Tradingview ideas 18:50 = CoinMarketCal 19:20 = r/pancakeswap
Education
by tommytoan11
CAKE, CAKEUSDT - two possible scenariosHello guys, Quick idea here The CAKE/USDT pair continues to move in a short-term downtrend. Now the bull flag pattern has reached the previous horizontal resistance (and our target from the initial call when the price was $22), which turned into support. From here I expect a reversal with the next target marked on our chart. The daily chart is in line with the consolidation pattern as well. So in brief, I think if the price stabilized around this area we will see an uptrend continuation and reach the $45 target, then make a pullback to $40, which will be turned into support. The more pessimistic scenario will be to break below the support and touch the lower boundary of the bull flag, very similar to what we had on April 18. Old idea here: Stay safe ! Cheers
Long
by FutureBlockchain
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