Cakeusdtlong
CAKEUSDT TO $18?Yes. We see it. Potential upside moves to $18 could be realized in a matter of weeks.
CAKEUSDT bounced off a strong daily level of $14 and has subsequently respected intraday levels continuing its uptrend.
If you missed a buy from this higher low level of $14.700, price could come back to test the area once more.
The point being made is, trading with this uptrend is the best move. Trade Safe.
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.
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CAKEUSDT(12H CHART) - Resistance breakoutCAKEUSDT (12H CHART) Technical Analysis Update
Resistance Breakout
CAKE/USDT currently trading at $20.3
Buy-level: Above $20
Stop loss: Below $16
Target 1: $24
Target 2: $28
Target 3: $34
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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My idea for CAKE/USDT for the weekendI'm just a beginner chartist but I cannot ignore this double bottom pattern potentially forming.
If the red dynamic resistance line is broken with some volume (and retested) then a break above the purple neckline may be in the books, followed by a break above the last support turned resistance. If then that level is retested and it holds then we are looking forward to a move higher up. Please watch all the key levels that I circled on the chart. If you go long use proper stop losses and you may also want to take small profits on the way up at the key levels.
Remember, the bull trend has not yet been confirmed on the 4-hourly chart, we are still officially in a bear trend on the short term. We may as well see further downward movement regardless of my observations.
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.
PANCAKE NEW ATH $52💥PANCAKESWAP TOKEN
CAKEUSDT BUY/LONG
For Spot and Futures Traders
Entry - $41.6 or market price
Tp1 - $48
Tp2 - $50
Tp3 - $52
Stop loss - $37.600
Choose your leverage
Apply risk management
Supply zone breakout and retest occurred, then a trend continuation followed🚀
Right here is the new ath.