CAKE
🔥 CAKE Reversal: Bullish Move Continued?Since my last CAKE call, CAKE has gained over 20% in value. The reversal area did indeed mark the low for the short term and the $21.5 target was reached with ease.
As of now, we're trading near the 0.236 Fibonacci retracement. CAKE is trying to pierce through it, but facing strong selling pressure.
We either pierce through the resistance in the coming couple of hours, or we might re-test the 0.382 retracement to try again later.
Target for the next week is placed at $26.
Happy trading!
CAKE/BTC buy opportunityHi followers,
CAKEBTC formed nice triangle which already broken to the up side,
Then retested the broken area again, with higher lows formed, suggesting more up side potential move.
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
If you like my content - 👍 Like, 💬 comment, 👆 follow and 👉 share!
❗❗❗
Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only!
Cake to 36.86 $ USD?In my last analysis we were able to observe a triangle that was invalidated as a result of the market crash, however not everything is negative. This fall managed to show us a bullish channel in #CAKE which is very positive.
Within this new bullish channel we have a new triangle that should break no later than the beginning of October and would have as its main target $ 31 and then $ 36.86.
If the market remains bullish, I have no doubt that Cake will have a big rally, assuming that we are days away from its first anniversary and that every Monday there is a burning of tokens that represents 1% / 3% of the current supply. #Cake #Pancakeswap
CAKE/USD - Correction continues, for now. 😅CAKE did we, very well early this year. However since May CAKE is correcting and I don't see this changing anytime soon or not until we penetrate the resistance. :)
For now this chart is bearish and I don't exclude a re-test of support before any sustained gains can be achieved. For that we also need the overall market to heat up. That will help CAKE.
The indicators also show mixed signals right now, so best to stay away from this right now.
Like and follow if you liked this idea!
my analisys of cakethe new wave is coming ! i'm new to tech analysis and crypto in general but i keep the hard work done .
this charting was made in 13/9/21 05:00 ULT
CAKE/USDT Ready for another 100% from here..?#CAKE/USDT TA update:-
$CAKE currently trading at $20.5
Bullish as per chart.
Buying above $18.5-$20.5
Targets:- $27/$43/ATH
Stop Loss:- If any daily candle closed below $18
Support:- $18/$11
Resistance:- $27/$43
#DYOR
PANCAKESWAP/CAKE : SWING BULLISH IMPULSE READY | LONG SETUP 🔔Welcome back Traders, Investors, and Community!
Check the Links on BIO and If you LIKE this analysis, Please support our Idea by hitting the LIKE 👍 button
Traders, if you like this idea or 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.
Have a Good Day Trading !
CAKE On The POC !CAKE is on the support of POC line. MA200 also supports it under this area. We can expect it to move up in the coming days.
⚠ BTC Dominance is on support too. So, LONG trades on alt coins can be high risk now. Don't forget to set stop-loss under the MA200.
📆 Fundamental: NFT Marketplace Launch ( 22 Sep )
Breakout Possiblity at CAKE (Pakcakeswap)Hi All, I recently got interested in CAKE due to yield farming at 86% APY.
I tried to analyse the chart in 1h timeframe and i see a symmetrical triangle pattern. So Watch out for a breakout and a buy/sell in the direction of breakout.
🔥 CAKE Closing In On Reversal Area: More Pain To Come?CAKE has seen a tremendous run up during the bullish move during August and early September. At the moment, CAKE (and many other cryptos) are facing some difficult times since we had a very strong correction this week.
As it looks now, it seems we're not done yet. It looks like there's another bearish wave on the horizon.
For the bearish case, I've marked the green reversal area on the chart. This area is located between the 0.5 and 0.618 retracement lines. I'm expecting the price to reverse from that area. So, in case you'd want to load up on CAKE, I suggest buying in that area. DYOR.
The reversal's main resistance is based at $21.50, a bullish move beyond that level could indicate that the correction is over. Longer-term target at $26.
Happy trading!
cakeisdt BINANCE:CAKEUSDT
the chart looks good for a growth
Remember, do your own research before trading
DOT/USDTPOLKADOT made their resistance line as support, From now we can see a nice rise to the 100$.
Cake to 25 $ USD?Cake is in a correction of approximately -70%, it has been in an accumulation phase since the end of May.
We can also see that it is below the 200 EMA and the volume has not increased significantly. So we need to break that 200 EMA at roughly $ 14 to see a bullish scenario.
If we assume that Bitcoin resumes its bullish path I see no doubt that Cake's next target is $ 25-$ 27.
PancakeSwap #CAKE to 31 $ ?After seeing how the target of $ 25 was perfectly met as I mentioned in my old publication, we can see again the formation of a triangle, which should break up at the end of this month, obtaining as a target $ 31 that would represent the 61.80% fibo of the May correction.
However, I believe that if the market remains bullish and we continue with the respective token burn, we will be able to see an even stronger momentum up to $ 36.86 which represents the 78.60% fibo.
Cake is undoubtedly one of my biggest bets in the remainder of the year and I hope to see it reach high prices, which I will share with you later in my next reviews.
i don't give advices ..i 'm just sharing my opinionhello, i hope you all guys making good profits
as we saw last time it went like we expected , and i'v entered the market again on 22$ average .
Now it's possible to be a retest of its up-trend break ,so i took out my capital on 25$ and i'm continuing with the profits until it gets clearer , in case it goes down again i will look for a new enter area ..
if i see 4h candles closing above 25.200$ i'll wait a correction to reenter
in the end .. i have to keep my capital safe...
if you have another vision ,just share it in the comments..
IF YOU WANT TO SUPPORT ME JUST FOLLOW ME THAT WILL ENCOURAGE ME TO SHARE MORE IDEAS WITH YOU ..
🔥 CAKE Recovering After Minor Sell-OffAfter the huge reversal mid-August, CAKE was one of the biggest gainers for over a month.
However, the $26 resistance seemed too hard for the moment, which led to a minor sell-off.
With the crypto market seeing huge returns as we speak, CAKE is well on its way to receover from the prior bearish move.
I'm waiting for CAKE to close the day above $26 before entering a trade. Target would be $30 for the upcoming move.
Happy trading!
MATIC/USDTOh my GOD, I forgot to shared with you my last MATIC trade. As you see, the head and shoulder pattern was broken and now we must leg to the moon.
Crypto Market 04/09 : Cake has completed price point 24.227 Dot has completed price point 32, soon to target 31.3
the technical chart of DOT is growing well and may reach 31.3 in September.
my old chart of CAKE on Aug 12
Cake-USDT updateCake has had a great growth from 10BUSD to 26BUSD and needs some rest, just like BNB. cake has been lost its ascending channel and is ranging between 22.1-24.3. Next growth is expected after breaking 24.5-26.5 BUSD
