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CAKE

CAKE/USDT 4h simple analysis in 20th/JunHi, crypto traders. CAKE is in a Strong Downtrend now. The price continued to go down. It tried to break 20MA (blue) to the upper side, but bounced. Finally, the sequential order changed 60MA (green) > 20MA (blue) > 5MA (red) > the candle. It means the trend is a Strong Downtrend. If the price keeps under 5MA (red), this bearish trend continues. However, since MA lines are very close, the trend can change easily. If the price breaks all MA lines to the upper side, the trend will be an uptrend. We should wait and see the next trading timing today. ==TODAY’s Check Points== - The candle goes up and breaks all MA lines to the upper side? - The candle continues to go down and breaks 13.81USD? ==TODAY’s Target Price== CAKE goes up: 1st target: Cross-point with MA lines (5MA, 20MA, 60MA) 2nd target: 18.62USD (the last highest price) 3rd target: 21.53USD (the highest price in 3rd/Jun) CAKE goes down: 1st target: 13.81USD (the lowest price in 30th/May) 2nd target: 10.00USD (a nice round number) 3rd target: 9.45USD (the lowest price in 23rd/May) Enjoy your trading.
Short
by Bot_Muto
CAKE/USDT 4h simple analysis in 15th/JunHi, crypto traders. CAKE is in a sideways market now, but it seems the price goes up again. The price went down and was close to reach my target: 14.90USD, but it didn't break it. After that, the candle changed positively and already broke all MA lines to the upper side. If the price continues to go up, the 1st target will be the last highest price: 18.62USD. Conversely, if the price goes down, the 1st target will be the cross-point with 80h (blue) line. We can wait and see the next trading timing today. ==TODAY’s Check Points== - The candle continues to go up and breaks 18.62USD? - The candle goes down and breaks 80h (blue) line to the lower side? ==TODAY’s Target Price== CAKE goes up: 1st target: 18.62USD (the last highest price) 2nd target: 21.53USD (the highest price in 3rd/Jun) 3rd target: 22.50USD (the highest price in 20th/May) CAKE goes down: 1st target: Cross-point with 80h line 2nd target: 14.90USD (the last lowest price) 3rd target: 13.81USD (the lowest price in 30th/May) Enjoy your trading.
by Bot_Muto
CAKE/USDT 4h simple analysis in 12th/JunHi, crypto traders. CAKE is in a sideways market now. The price continued to go down and reached close to my 1st target: 14.90USD. After that, the candle changed positively and already broke 20h (red) line to the upper side. Since the sequential order of MA lines is 240h (green) line > 80h (blue) line > 20h (red) line, if the candle goes down and breaks 20h (red) line to the lower side, the trend will be a downtrend. And this point will be a short entry point. Conversely, if the price goes up, the 1st target is the cross-point with 80h (blue) line. ==TODAY’s Check Points== - The candle continues to go up and breaks 80h (blue) line clearly? - The candle changes negatively and breaks 14.90USD? ==TODAY’s Target Price== CAKE goes up: 1st target: Cross-point with 80h line 2nd target: Cross-point with 240h line 3rd target: 21.53USD (the last highest price) CAKE goes down: 1st target: 14.90USD (the last lowest price) 2nd target: 13.81USD (the lowest price in 30th/May) 3rd target: 9.32USD (the lowest price in 16th/Mar) Enjoy your trading.
by Bot_Muto
CAKE/USDT 4h simple analysis in 10th/JunHi, crypto traders. CAKE is in a sideways market now. After the candle breaking 20h (red) line to the upper side, the price continued to go up. But it bounced from 240h (green) line and is slightly going down. Because MA lines and the candle are very close, it's difficult to predict the next move. The trend can change easily in this market. We should wait and see the next trading timing today. ==TODAY’s Check Points== - The candle changes positively and breaks 240h (green) line clearly? - The candle continues to go down and reaches 14.90USD? ==TODAY’s Target Price== CAKE goes up: 1st target: Cross-point with 240h line 2nd target: 21.53USD (the last highest price) 3rd target: 22.50USD (the highest price in 20th/May) CAKE goes down: 1st target: 14.90USD (the last lowest price) 2nd target: 13.81USD (the lowest price in 30th/May) 3rd target: 9.32USD (the lowest price in 16th/Mar) Enjoy your trading.
by Bot_Muto
CAKE/USDT 4h simple analysis in 8th/JunHi, crypto traders. CAKE is in a downtrend now. Unfortunately, the price suddenly started to go down and broke all MA lines to the lower side. After reaching 15.63USD, the price bounced a little bit, but it seems the candle goes down again. If the candle keeps under 20h (red) line, the trend is a downtrend. Conversely, if the price goes up, the 1st target will be the cross-point with 80h (blue) line and 240h (green) line. Because the trend is a downtrend, we shouldn't buy CAKE in this market. ==TODAY’s Check Points== - The candle changes positively, then breaks 80h (blue) line and 240h (green) line? - The candle continues to go down and breaks 14.90USD? ==TODAY’s Target Price== CAKE goes up: 1st target: Cross-point with 80h line and 240h line 2nd target: 21.53USD (the last highest price) 3rd target: 22.50USD (the highest price in 20th/May) CAKE goes down: 1st target: 14.90USD (the last lowest price) 2nd target: 13.81USD (the lowest price in 30th/May) 3rd target: 9.32USD (the lowest price in 16th/Mar) Enjoy your trading.
Short
by Bot_Muto