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CAKE

CAKE bullish or bearish? REVIEWSo I think it all depends on this support are around 18. It seems bears have the upper hand here BUT bulls are not so far behind either! AND with the recent BNB pump + fundamentals around memecoins which are mostly on BSC, I bet my money on the BULLISH scenario! If somehow the bears takeover, which is very unlikely, the price can momentarily touch 16-13 areas that seems to have strong support. And even if this scenario plays out I still wouldn't be too worried about it as for the long term CAKE is definitely bullish AF! HODL & stake for that APY! (STILL, proceed with caution) DYOR.
Long
by Crypto_world_011
CAKE bullish or bearish?CAKE recently lost it's support at 20 and now it's retesting 18 zone. I don't see any more price drop from here as this seems to be a very strong support zone. In the next few days CAKE will be retesting it's previous support zone at 20-21 and if it can break above it, which is likely according to bullish signs, price can easily target 26 resistance area and in extereme bullish scenario even 42 and higher but for that to happen I think we first need a more higher low support zone.
Long
by Crypto_world_011
12
🔥 CAKE Underperforming: Bearish ChannelCAKE was, untill recently, one of my favorite tokens on the market. It had a very active community, great website and staking possibilities. However, since CAKE topped late August, CAKE is one of the few tokens that lagging the market. Either this has to do with the staking rewards being sold in huge numbers, or that there's just better alternatives in the market now. In any case, CAKE's bearish channel is definitely a thing. With the recent dump from BTC, CAKE followed and bounced off the top of the channel. In case of a prolonged bearish move from BTC, I'm looking at the bottom trend line for a potential bounce. Happy trading!
Long
by FieryTrading
19
Cake price predictions- Bullish up to $100 in short to mid term- hitting long term support levels - Total value locked seems to be rising- showing signs of reduced supply, currently 80% - Hopefully expect price to reach ATH soon and maybe testing the $100 level short to mid term. Long term potential to $1000 but seems a bit far fetched considering market cap. - On BSC Scan can see likely 20% remaining liquidity moslty all in exchanges, when this dries up further hopefully we'll see some nice price action to upside. - currently great time to buy in around $18 to 20, and stake this on pancakeswap, and provide more upward thrust, NOT staking on the exchanges where they will take commission and reduce price potential as this commision will be added to selling pressure. - TIP if you buy on the exchange, the exchange may try to block transfers off by saying issues with BSC, but essentially they don't want it going off their exchange, just be patient and remove it off the exchange, or transfer BUSD off exchange and buy directly on pancakeswap where you won't get these issues.
BINANCE:CAKEUSDLong
by Cos14b
Is CAKE baked?CAKE has looked asleep for nearly a month ranging between $17 and $21. Price action is getting squeezed within a few different trend lines at the moment. I believe if it can break above $21 it'll have a shot at reaching it's previous ATHs and possibly higher. If it stays within this channel it can possibly reach as high as $450 or $500. A nearly 3000% move. This all depends on BTC continuing upwards or at the very least not crashing. Once BTC is done consolidating though, altcoins will start to explode and CAKE may be one of the sleepers waiting to wake up.
CLong
by variousCryptos
3
CAKE.USDT (Y21.P5.E1).Not this yearHi All, Looking at CAKE, It seems to me that it will not do All Time New Highs (ATH). I'm going long with CAKE but I'm also looking to take profit if this steady trend doesn't change at the indicated region. Like BTC did in 2018, it got blocked at the 0.618 fib level, I think CAKE will do the same unless some new events come out. Looking long term, It has the makings of some big structure formation. This is only a hypothesis so having this post will be great to look back for me and see how I went with this call. All the best, S.SAri
Long
by ssari
CAKE BULL RUNhi , our general opinion for cake is long in the longterm (when alt season begin),as you know in fib retracement between 0,786 and 0,618 zone is golden packet it means we should test it one day and our weakly strong support is 30$ and also 0,618 retracement is 30$ so our first target for cake is 30$ , second target is 44$ because its ATH . and as you see in the chart , cake make a descending chart pattern ( descending chart pattern in old market is a bearish but in new market like cryptocurrency is a bullish chart pattern) and it broke the pattern and our target based by pattern is 54,92$
Long
by matin_iranian
3
CAKE - TRADE SETUP - LIVE TA$CAKE has been in accumulation zone for so long now and it this video I have discussed why I think CAKE is going to give massive gains in the next few weeks! The best entry is at the market price till $18 and the targets are mentioned. I have gone through each and every details and have done all the analyses so you guys can copy the idea and learn it from my strategies as well :-). If you liked this video guys make sure to give a thumbsup and share :-)
Long
by TychonTrades
2