cake looking goodcake is looking great to accumulate down here,
could potentially be close to breaking the down trend
CAKEUSDT trade ideas
Bulls are consolidating CAKE price in preparation for a rebound The CAKE token has a vital support level of $5.50, and the current price of crypto is struggling to close the daily price candle above $6.7 level, then the neckline of double top formation ($4.6-level) may act as an immediate resistance level.
Stoch RSI is still in the bullish territory; will it affect the current trend?
The CAKE token price has been moving downwards in the RedZone of super trend indicator as well as the price is below the EMA Ribbon in terms of the daily price chart. The bulls need a robust bounce-back move. Moreover, the 200-line is far above the current price.
The Stoch RSI is expanding towards the overbought territory over the daily price chart, where the k-line is at 81 and D-line is at the 66-mark.
Conclusion
The PancakeSwap investors have to keep patients for a good return on investment. The crypto price may generate excellent returns above the $9.0 level.
Support level- $5.6 and $5.0
Resistance level- $7.5 and $8.5
Cake in possible break to the upside :-) Cake already broke out, however its below major resistance.
Furthermore Cake has infinite total supply, so it's at the mercy of the owners. What do you think?
CAKE/USDT LongCake Trend Lines Buy and Sell Support And Resistance Available
While trading Keep track the Bitcoin Activity
Bitcoin Movement Will effect Trend Lines
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CAKEUSDT (Long) CAKEUSDT in an upward trend and bounced off strong 4 hourly and weekly support zone
Long
Entry at 6.78
Take Profit at 6.95
Stop loss at 6.63
Risk/reward ratio of 1:1.14
CAKEUSDT: SHORT OPPORTUNITY AHEAD, BEARISH BIAS STILL PREVAILS?Hello CryptoTrading Enthusiast! Help the Channel Growth by smashing the FOLLOW and LIKES Button, then Share your opinion on the Comment Section below :)
CAKEUSDT retested the trendline and created an impulsive rejection. The stochastic pointed down in the neutral area that could be an indication of bearish bias for Pancake Swap ahead.
*Now We put all the explaination on the chart* Enjoy!
*DISCLAIMER:
This isn't a recommendation to buy or sell cryptocurrency, only an Outlook from technical perspective.
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Can we see the $20 cake after the break out ?!Hello
What are the facts here?
We are below key support
We have a downtrend
What do I expect?
That I do not expect there is a potential seller in this area
Price can break the trend line and broken support area can also become a fakeout
I think many people are waiting for that trend line to be broken.
🎂 CAKE/USDT 🎂im expecting a bit of a pull back as seen on the 4 hourly divs if it is stronger than expected breaking the white trendline
which is highlighting our M then the short is out if it hits trendline we expecting to enter and go short on this 🎂 crypto
🎂 🎂 🎂. 🎂. 🎂
SENNASEASON
$CAKE no reversal patterns yet$CAKE broke down from major $10 support late January, and has been forming a bear flag for the past 2-3 weeks.
I expect at least one more leg down, and don´t see any reasons to buy at this moment.
A break of the black trendline, with some sort of reversal pattern would be needed to aim for the test of $10, now major resistance.
CAKE going to break the triangle soonPancakeswap is taking its time to consolidate as well as DOGE ( I did an analysis for that too ) and it's a matter of days that it's going to break the triangle.
The volume is growing so it's enough signal to me that we are going to break up rather than down.
Doge is time to waking up! Target for me in the long terms (6-8 months) will be 0.8 cents.
CAKE strongly bearishHello Trading view community, should you like this analysis, please support with like ans comments, Thank you.
Cake reacted to its resiatance level at $08.80s and carshed down again, we like it or not, it may drop down into $06.80s again.
ofcourse eventually, almost all cryptos trends are affected by BTC and ETH somehow, so should BTC crashes toward $39K - $$38K, again (which may carsh even up to $25K or more) then we should expect more crash on all coins beside cake.
CAKE likely to go up Looking at the CAKE/USDT trend, it is obviously a downtrend, from my analysis, Cake has reached its ATL and likely to buy/ go long, but if it’s breaks lower than the ATL that should be my SL.
CAKE raise up 25-50% soonfollow us to get best profit of the market.💎🔥
CAKE will give us 25% profit soon.🤩😇
CAKEUSDTHonestly, I am pretty surprised to see CAKE at 8$. Great DEX with low fees, the APY is 62.13% on pancakeswap right now. It is not financial advice, DYODD.
Cake! Ready to GoAs you can see the downtrend is coming to an end. the only thing is to break the line.
CAKE/USDT BULLISHCAKE has been in a downtrend since ATH, the bottom could be in. The price is also at an all-time low currently.
Boilinger Bands indicator show a breakout at 7,50ish. If price movement could break through 9,00 resistance, we will see an uptrend. Combination of breakout on Boilinger Bands and resistance level could be huge.
Fundamentals: Pancakeswap (CAKE) is the market leader for BSC DEX´s. Pancakeswap holds the most number of coins, pairs, visits and also has the highest market share on BSC (Binance Smart Chain).
Entry: 7 - 10 USD
Target: 40 USD (300 - 400% gain)
Not financial advice.
