CAKE
Cake is having some hard times after the last party! Buy the dip now or wait for cake to leave the triangle and buy the rocket.
Strong support levels on $35
If it drops below $34 sell everything and buy back around $30-$32
Everyone is bullish on the cake but It may need some rest before the next party.
Let me know what you think.
Next targets based in fib extensionBased in trend-based fib extension, we have the next targets:
First target: U$40
Second target: U$60
Third target: U$85
Fourth target: U$100
Cake need close above U$22 to confirm the next movement.
Time for more CAKECAKE has been taking a breather the last week, but could be ready to start moving again. It has multiple bullish signs.
Still within this ascending channel since March. Bounced off the lower trend line, forming a bull flag and a hammer candlestick.
If it stays within the channel we can be hitting $65-110 in the next of couple weeks, while a break above could catapult us to $152 and beyond.
A break below the channel would be bad and we'd likely go to $28 dollars once again.
Let me know what you think.
BINANCE:CAKEBUSD
CAKE/USDT Ready for uptrend and $70 Potential form here#CAKE/USDT TA Update:-
$CAKE currently trading at $37.80
And $36 is very strong support to hold bull.
Entry:- $36-$37.85
Targets:- $43/$50.60/$58/$70
Stop loss:- I will update with trend.
Support: $36/$32/$28
Resistance:- $43/ Moon
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CAKE/USDT BULLISH . BUY THE DIPPP!!!CAKE has been performing really well for the past few months and now it has events coming up on that it is in the uptrend forming a channel and respecting Fibonacci retracement and extensions as drawn previously right now its in the retracement phase and will prolly dip to 35 or 34$ before it continues its uptrend and this time it ll go upto 60 to 70$ hopefully
BUY : 34 - 35 $
SELL T1 : 60$
SELL T2 : 70$
CAKE - Possible bullish flag breakout coming!BINANCE:CAKEUSD
CAKE is forming a classic bullish flag a breakout imminent with strong potential for an upside breakout around May 10th.
If we break through the resistance we faced at $44.21, I'm setting our first target at $72.71.
However, my fib retracement did put our top target at $131.41
What do you think - am I onto something? Drop a comment and let me know your thoughts!
Cake looking to make a new ATH in MayCAKE has followed a pattern of 50-60% gains every 2-3 weeks since its listing. This price increase is not undeserved as Pancake Swap regularly does similar volume to the much higher capped Uniswap. Even though cake has moved from under $10 to $40 it is still an undervalued project with it market cap sitting around $6.5 billion.
Since we are only about 6 days into the new consolidation period I'm not sure if CAKE is going to takeoff now, or sometime in the next 10 days.
Personally, I plan on getting in now. Chasing a pump is never wise and it seems that CAKE has cooled off a bit before its next move up. We might get this move sooner than the next ten days based on the MACD almost crossing the signal line. I'd prefer a better RSI, but I'm not looking to miss out on a coin I'm confident in (at least in the short term).
If $CAKE makes a similar 50-60% move we are looking at a price target of around $60. A good stop seems to be 33-$35 where there is some support.
Cake - cakeusdt - cake, close to being bullish, but not yet -1hsCake still recognizes the resistance raised in my previous analysis
Even though now it had a bullish moment, in my opinion cake is bearish as long as it is below 43usd.
in summary
If you are not yet in cake you can buy if cake rises above 43usd and makes a throwback.
If you currently own cake, be careful!
what's next move to cake ?As you can see, the price has a downward trend and is moving downwards ,
It has strong support in the price range of 36 to 36.5 ,
There are two scenarios :
1. As the downtrend line is broken, the price will move strongly upwards ;
Or
2. As price support is broken, prices will move down and further support .
Good Lock ;)