Cake LONGWe buy cake on support level.
First we try SL 16.66. If this breake we move it far away 10.72.
4 fibonacci TP points.
CAKEUSDT trade ideas
Cake mid NovemberCould be the next move to the Defi token.
There is supposed some FUD coming up. The recent inflation ratios and the finals day of the year make some people nervous about their investments.
CAKEUSDT POTENTIAL BULLISH REVERSAL TO REACH 33$ - 35$ Hello Traders,
- Checking the 1D time frame we can see clearly the breakout from the descending channel happened around Nov 5 after a big pullback ( temporary price reversal ) started from end of August suggesting that sellers are taking control making lower highs but it seems that sellers has lost their momentum , price is consolidating between 17$ - 20$ levels.
- Buyers are accumulating on 17$ - 18$ support zone , in order to have continuation for our uptrend bulls should push the price higher from there ( check Fib levels ) by taking over the last swing on 20.5$ , if buyers failed to take control price could fall towards 16$ support zone, then sellers will take control from there.
- We need to see confirmation above 20.5$ making sure that bulls have steam to push higher , our daily candle should close above 20.5$ in order to confirm the reversal.
-Until now CAKE is trading in bearish mode, waiting to break our last swing or else price action could keep on consolidating or going downwards even more.
in my opinion entry positions :
16$ support zone
18$ support zone
20$ support zone
Thank you, Good luck!
CAKEUSDT-Buy at the best price Doomed to climbCAKEUSDT
Buy at the best price
Doomed to climb
Buy at the best price
Doomed to climb
CAKE/USDT is near to breakout 📈✅✅✅Hi guys I am Mohammad 😎
CAKE is near to breakout and everything we need is on chart
Thanks all
Thanks for sharing
CAKE head up to $35#CAKEUSDT
$CAKE broke out from descending resistance and confirmed it as support.
also price is above long term support zone and head up toward resistance zone between 0.5 and 0.618 fib of correction wave.
as trend lines and fib levels show, break out from this resistance zone will lead price toward 1.618 and 2 fib levels around $32 and $35.
CAKEUSDT CAKE is honoring the trendline support for quite a long time and now retesting again. There is also horizontal support there. So we can expect an upward move if there is some hint for bulls. Upside we can expect a target of 21 in short term. Good luck.
cake upriseit can go up to 33 this round
simple moving average 100 above simple moving average 200 / out of triangle.
low risk at 18.3
CAKE/USDT Ready to Half Century ( $50 )#CAKE/USDT TA Update:-
$CAKE currently broke our resistance and Converted into Bullish zone.
Best Entry : $18.50-$19.90
Targets:- $26.72/$43/$80
Stop Loss:- $17.20
Support:- $18.70
Resistance:- $26.72/$43.20
CAKE LONG BRAKE TRIANGLECAKE brake triangle and maybe go long.
BUY POSITION 18,40$ - 18.80$
TAKE PROFIT 1 - 26.00$
TAKE PROFIT 2 - 30$ - 31$
TAKE PROFIT 3 - 36$
in my opinion the best option is to sell half (50%) of your CAKE on TP 1, 30% on TP 2 and 20% on TP 3
cake usdtfinally brake out the Triangle It can grow a lot
In the previous analysis for Android and iOS users There was no chart :(
good luck :)
Prepping to eat some juicy cake.Price being squeezed into a triangle here.
I think we tap the support at just below $18 where we've wicked from multiple times recently.
a break of the descending trend and the triangle is sure to take us to $25.
Golden ratio fib zone coincides with the support level
