Get started

CAKE

CAKE/USDT: Still under bypass level at 5,10---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)------- CAKE/USDT: Still under bypass level at 5,10 Context - The Global Crypto market leads by BTC and ETH reversed up drawing a new bullish trend - However for CAKE the volume on CEX and DEX are decreasing within the bearish pressure on going. - We are watching at 5,10 as resistance to re-integrate to provide a clear recovery signal - Watch 3,15 as key Tactical support Market configuration - Graphical Elements : Graphical Resistance = 8,20 & 5,10 Graphical Support = 3,15 & 2,50 - Mathematical Indicators: EMA (Exp Moving averages) are resistance in flattening = Neutral RSI indicator (below) is now above 50% in mixed configuration = Bullish / Neutral - Elliot & Harmonic Wave (Fibonacci): Fibonacci Target (C) B has been already reached = 2,50 Fibonacci resistance of the wave in progress = 5,10 Fibonacci support of the wave (2) = 3,15 Fibonacci Bullish Target = 8,20 Conclusion Preferred case => As long as 3,15 remains support we are looking to buy the dip in the buying area in order to test and then surpass 5,10, before opening a further rise towards the double bottom potential at 8,20 NOTE: It is important to consider the DEX Coin (CAKE, UNI, CURVE....) with the trading volume generated today. The bullish momentum can be reinforced only with a global positive outlook on crypto market which is not the case for now (September is more probable)
Long
by JeanJean1983
Will CAKE in pair BTC beat its goals?Hello everyone, let's take a look at the 1D CAKE to BTC chart as you can see the price is moving in the local uptrend channel. Let's start by setting goals for the near future that we can consider: T1 - 0.0001561 T2 - 0.0001664 T3 - 0.0001768 and T4 - 0.0001915 Now let's move on to the stop loss in case of further market declines: SL1 - 0.0001463 SL2 - 0.0001407 SL3 - 0.0001326 and SL4 - 0.0001225 Looking at the CHOP indicator, we can see that we have a lot of energy in the 1-day interval, and in the MACD indicator we see that the blue line is approaching the red cross from below, which would confirm the upward trend.
by cryptodailyuk
CAKE /USDT a comprehensive analysis with stops and targets! Hello dear friends, Here is an analysis of Cake on the 10 hour chart. Cake is in a clear downtrend and has broken out downward from the Red/Green triangle. Afterwards, a symmetrical triangle (orange) formed and broke out downward from there as well. We may see a rebounce to resistance 1, 2 or 3. A stoploss in that case is always just below the support (green) or a little wider below the resistances if the price rises above them. This is clearly a rebounce in a downtrend. So it is more dangerous to go LONG. The targets for the longer term are 9.86, 8.45 and 7.22. Below 7.22 we can see a very sharp decline. See also my previous analysis of Bitcoin because that is the leader and the rest follow. Also the world situation does not challenge me to go LONG but we just do what the charts dictate. The ALTS are the one which will get hit the most in a heavy downtrend. Putting stops is good but best to wait for the daily candle because often the price goes much lower intraday to stop traders out. Best of luck with trading or on the sidelines! Disclaimer This is my view, no advice to buy or sell. Also always do your own research! --->> Dear friends please follow me for updates and give me support with a like 👍 if you like me to continue this work. Thanks 💚
by PegasusTechCharts
24