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!