cake needs a pullback, then its ready to continue growing Cake has good potential for growth
good luck :)
Cakeusdt
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
Cup & Handle potential breakout patternAlthough CAKE experiencing slight local downward pressure at the moment, we have formed a cup and handle breakout pattern with a good volume profile. Currently the Energy in the 90m & 12h are higher than the Green EMA indicating downward pressure, we have seen the Red RSI and Blue LSMA turn back up and cross above 50, as a result of the Blue LSMA turning back up at this level, it is likely that the BBs can continue to expand, we would like to see the Green EMA get higher than the Energy in this TF. The Red RSI in the 12h has also just crossed above 50 and is currently making a bullish cross above the Blue LSMA, it would be good to close like this in 5 hours.
In the daily we have also seen the Red RSI close making contact with the Green EMA as it rises and as a result the Energy is crossing above level 50.
The Green EMA getting above the Energy in the 90 & 12h will in my opinion provide a good indication of reversal to sustained upward pressure and set the conditions for the continuation of this breakout move.
As mentioned in previous publications, these markets can change with very little notice. These changes initially manifest themselves in the lower timeframes and propagate up through the timeframes. Nothing is set in stone. Unless you are day trading, you cannot benefit from these early warning signals.
As always - this is not financial advice but just my view of current market dynamics.
One has to be aware that analyses are done on the basis of what the indicators are saying at the time and things can change. It is important to always monitor the scalping group of timeframes as we will see changes propagate up from there.
If you got value from this analysis, please hit the like button
Trade safe
aBL
Target 28.4in daily chart, cake is ready for a cup & handle breakout.
TP 28.4
SL 15.6
Please wait for daily candle close.
CAKEUSDTCake about to take a big leap forward to see his ATH. Strong movement can be expected in the direction of breaking. This is a trial, for educational purposes only. YTD.
Pancake Swap ($CAKE) With Lots Of Upside in the Near FutureWe are only seeing the beginning of what's to come for $CAKE. I've been saying since $9 that this platform is undervalued and I will continue to say this until it's above a $10b market cap.
Stake your coins on Pancake Bunny and get a great return while you hold for the 5-10x.
CAKEUSDTHello friends, if the resistance fails, the above goals can be considered
Your comment encourages me
CAKE - $49.49CAKE has broken the resistance at $18.98 and created a new All Time High after retracing back to the lower fibs. As long as CAKE stays above $18.98, we could start seeing a move towards $22.75, $24.77, $30.60, $40.03 and $49.49. Failure to hold the support at $18.98 could lead to a drop towards $17.08 and $15.34.
CAKE is trading at $20.70 with a market cap of $ 3,082,923,982. Its 24 hour trading volume was $ 824,006,175.
Large CAKE Cup and handle on the dailyVery large cake cup and handle on the daily chart. Very interested to see if it hits target.
