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CAKE

CAKEUSDT Technical Analysis⏳ Spot 💎 CAKEUSDT has broken above a significant resistance, I t has also broken above the wedge pattern, After the retest and Pullback we expect that it goes higher. 🌐 Tradingview 🏁 Short & Medium Term 💵 Invest Only 5% of your Portfolio 🎳 Entry at Market or at 18.88 - 19.41 ☕️ TP1 21.12 🍺 TP2 22.87 🍻 TP3 24.57 🍾 TP4 26.50 🍷 TP5 28.00 🍸 TP6 🍹 TP7 🎁 TP8 🚫 SL 17.50 Good Luck 🎲 Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️ Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. We will have more FREE forecasts in TradingView soon Have a profitable day 😊👍🏻
Long
by Fibonacci-Signals
6
CAKE - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow. CAKE is approaching a strong support and demand zone so we will be looking for buy setups on lower timeframes. on H4: CAKE formed a wedge pattern but it is not ready to go yet. Before we buy, we want the bulls to take over. Trigger => Waiting for a momentum candle close above the last high in gray to buy. Meanwhile, until the buy is activated, CAKE would be overall bearish can still trade lower and dive inside the blue zone before going up. In this case, we will be looking for new buy setups to form. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
20
Pancakeswap (CAKE) Is Sleeping Pancakeswap has been moving really sideways and hasn't picked up any momentum with the rest of the market. It's been trading between $17.50 - $20.50 since September 19th and showing signs of heavy accumulation at $19.00. I do believe Pancakeswap will move due to: - The growth of the Binance Ecosystem. - The meme coin community trend will continue throughout this cycle. A lot of meme coins especially new ones are accessible on Pancakeswap for extremely low fees. Meme coins bring in a ton of new liquidity into the market. - Ranks top 10 in Total Value Locked (TVL) and TVL is steadily growing. After we break out of this sideways pattern I do expect a run up to $22.69 at the 0.236 Fibonacci level. Personally I love when there's a prolonged amount of dullness and sideways action. Keep Pancakeswap on your radars! Much peace, love, health, and wealth!
Long
by peacefuljustin
$CAKE has probably hit the bottomAfter almost 3 months of downward pressure from its rally that started in July that took it to $26.60. It has been bouncing off the .382 fib retracement and has formed a bull pennant on the weekly chart and it could break very soon. It is also hitting oversold territory on the weekly Stochastic RSI and its smack dab in the middle of the weekly RSI. It looks like it can move to the upside to between $30-$37 if the pennant is to be believed. However that means that it would need to get through the .702 fib retracement level where it was rejected last time. Now with that said, BNB/BSC is close to all time highs, people will possibly start to sell and take their profits and what better place to put them would be in to a cheap token that happens to be the biggest Binance Smart Chain DEX. Plus the fact that staking $CAKE can net you 72% APY at the moment will entice them to buy and stake. Also having burned more than $104 million this past week and their continuing burning will help move this up. Looking at the end of the bull run I think $CAKE should be between $88 to $100.
Long
by elpipetuanis
Binance Coin eyes $560 bnb usdt chartBinance Coin eyes $560 next after BNB price 'Cup and Handle' breakout The ongoing price boom in the Binance Coin (BNB) market is painting a classic bullish chart pattern with an upside target of $560. Dubbed as Cup and Handle, the pattern appears when the price forms an advance that appears like a U-shaped trend (Cup). That follows up with a formation of a descending channel range (Handle). A breakout above the Handle range typically leads to an upside continuation, with a bullish target at a length equal to the Cup's size.
by bnb_cake_avax_png_matic