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Cakeusdt

CAKE/USDT full detailed analysis!Hi every one CAKE / TETHERUS CAKE/USDT has done pretty Impressive bullish movement in the last few days! as you can see if we try to put the Elliot Waves Principle on the chart we can understand that the price has completed the the first 4 waves of the Impulse waves and the 5th wave is about to be completed. after the completion of the 5th wave the beginning of the correction waves are expected . there are two thing to be aware of. one is that there is a strong resistance zone between the top of the 5th wave and the R3 of monthly pivot points (shown in the chart) and another thing is that after the completion of the correction waves the trend (which is bullish) can continue. Don't forget there is a regular bearish divergence(-RD) on MACD and RSI as well which make the expected bearish movement after the 5th wave more reliable to happen! Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
21
CAKE, PancakeSwap - Top 20 incoming ?Hello all, The CAKE/USDT and CAKE/BUSD pairs run like clockworks these days. Even during the weekend drop, all major levels were respected and the price reacted perfectly upon touching them. Yesterday we saw the pair dropping all the way down to the very, very solid resistance at $19, so now I think we can assume it turned into support on the daily chart (yet to be confirmed on the next test of that level). So, the price reacted immediately and the trading pair went back into the old $21.5-$25 trading range. Also, regained positions above the 21-day EMA and the diagonal uptrend line. The bullish scenario here will be to form a solid bullish engulfing candle on the daily chart, then make a quick move to $25 (probably fueled by the recent token burn and the upcoming IFO) with an extension to $45. Such a big move will result in 91 percent of price increase. When added to the current marketcap, it will place CAKE at #22 on CoinGecko's Top 100 list, still way behind the leading DeFi project - UNISWAP. The bearish scenario will be to loose the range and close below $21, which will put the CAKE/USDT pair in position to re-test the support line at $19. Regards
Long
by FutureBlockchain
2
CAKE your way!CAKE has officially broken out and has moved past it's previous all time high. It appears to be starting the third wave impulse. A large bullish candle for the day all but confirms it. Previously I had estimated a target of 33, but I think 38 is more accurate. (I had not set the fib-extension to log scale same as the chart) The chart itself looks beautiful and you can see CAKE has been riding on the upward trend line using it as support. The RSI also has a positive upward trend it has been following. All in all the CAKE looks delicious! BINANCE:CAKEUSDT
C
by variousCryptos
1
#CAKE, #PancakeSwap Breaking out of Formation?A quick look at #PancakeSwap (#CAKEUSDT, #Binance, 4HR): Whether we see a wedge or a broadening formation, CAKE is broke up from it with a nice spike in volume. If confirmed, it could be a good entry. If it fails, price could go back to the $23-$22 level. 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! ------------------------------------------------------ Needless to say, this is not financial advice!
Long
by BitfulMind
14
CAKE/ Tether Trendline BreakoutCAKE/USDT Trend Continuation Trade. we are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
Long
by CryptoTrend-Alerts
2
Can Cake pull of a BNB type marathon? A little back Story: Many people think that Cake will pull off a BNB and well, they are not wrong- at least in my opinion. A few days back, I was looking for a long entry but saw a Bearish engulfing candle and decided not to- In fact, I went on for a low-lev short with the target of 0.618 fibs ($21.665 ). What's next? The 0.618 acted as the perfect support and the price bounced right from that point. Now, as you can see from the above picture, the trendline is still intact and it looks like that price will go break out from the next resistance point 0.786 fibs ($25.339) pretty soon. once, that is broken, traders can look for a long entry or a safer entry would be the retest of that previous resistance turned in to support with the target of 1fibs ($29.99), and in the best case- 1.618 fibs ($43.35) provided that the market conditions do not change significantly. Let me know what you guys think of the price action and if you would like to add something to this analysis! Best regards, J.
Long
by jahanzaib5555
2