CAKE Token: Long the brief DipThe PancakeSwap token CAKE has sold off its recent highs in a solid uptrend that also sees BTC attempting new highs.
OBV is strong and did not decline at the peak which suggests a H&S is not in play. With other alts alternating pumping and selling off, CAKE is an excellent buy at these prices with BTC and SPY surging to new highs. Get on the trend and don't over think it too much. Target is $30+ by May.
Cakeusdt
Cake USDT New IdeaCake is a good coin. So, I think If we hold it for long term then it will give us a good profit. So, keep your eyes on Cake Token. If Breakout upside then takes long entry.
Next Run for PancakeSwap ($CAKE) to $30+ IncomingI expect CAKE to break out of this upward triangle to make its next run that will likely take it to the $30 range before moving sideways again for a bit. You'll notice it goes up 15-20% then pulls back to the previous high, moves sideways for a bit and then makes the next 15-20% jump.
I will be bullish on CAKE until they reach 80% of Uniswap's market cap. At that point, I'll move out of this position as they have way too much inflation to be able to hold a solid per coin value once they are properly valued.
CAKE.USDT (Y21.P2.E2).Staling. Looking for another entryHi Traders,
It seems many of the Alts will be going down for some time due to the BTC drop and BTC dominance short term bounce.
Using the 6 or 8 hrly trend to find the cradle setup with a bullish candle or candles in the lower time frames.
Note MACD at these time frames are convergent.
For now, its stalking as it has downward pressure on the smaller time frames, eg 1 hr to 4 hrly bearish divergence, and candle stick combinations.
Al the best,
S.SAri
CAKE/USDT 4H chartCAKE/USDT is forming a very beautiful parabolic pattern and about to complete its first U shape very soon. The first target is 30$ about to touch very soon.
I'm seeing cake very bullish in this bull run and will go beyond 30$ to touch 43$ and 65$ target in short term.
NOTE: I'm, not a financial advisor, Always do your own research.
CAKE is moving upCAKE is in ascending channel which is facing 25$ resistance, next resistances to face after breaking 26$ is 30$.
cake/usdt 4hcake is in ascending channel...if it breaks 26 $ then it will move to 30 $
30 $ is critical ressitance which if breaks the targets should be 33 and 36 and 40 $
🎯Buying opportunity in CakeUSDT🚀Entry: 19.1 to 19.7
Stop Loss: 17.88
Target #1: 21.15
Target #2: 22.5
❗️Conduct your own due diligence.
❗️I am not a licensed qualified investment advisor. I am an amateur investor. All the ideas, & opinions are for informational, and educational purposes only.
❗️While the information provided is believed to be accurate, it may include errors or inaccuracies.
cake needs a pullback, then its ready to continue growing Cake has good potential for growth
good luck :)
MY IDEA about CAKEUSDTYou can see a bullish cup chart pattern in the CAKEUSDT. In this pattern, you can expect the price to grow as deep as the cup from the edge of the cup.
CAKE.USDT (Y21.P2.E1).Setup completeHi Traders,
Here is one that is taking off.
1st resistance or target is 19.693
All the best,
S.SAri
