CAKE
Pancake Swap - $CAKE - Gaining Strength Despite BTC WeaknessWe've been watching BTC struggle while alts have been gaining strength.
One of the top alt coins gaining strength is pancake swaps cake token.
I've been saying this for the last three weeks that pancake swap is massively undervalued and has a ton of upside.
There were only be a limited amount of time before the market fully catches up and properly values it.
4-21-21 / CAKE / ended Elliot wave E.Based on Elliot's wave theory the Cake price should start falling between a 50 to 62 %.
CAKE, PancakeSwap - Top 20 incoming ?Hello all,
The CAKE/USDT and CAKE/BUSD pairs run like clockworks these days. Even during the weekend drop, all major levels were respected and the price reacted perfectly upon touching them. Yesterday we saw the pair dropping all the way down to the very, very solid resistance at $19, so now I think we can assume it turned into support on the daily chart (yet to be confirmed on the next test of that level).
So, the price reacted immediately and the trading pair went back into the old $21.5-$25 trading range. Also, regained positions above the 21-day EMA and the diagonal uptrend line.
The bullish scenario here will be to form a solid bullish engulfing candle on the daily chart, then make a quick move to $25 (probably fueled by the recent token burn and the upcoming IFO) with an extension to $45. Such a big move will result in 91 percent of price increase. When added to the current marketcap, it will place CAKE at #22 on CoinGecko's Top 100 list, still way behind the leading DeFi project - UNISWAP.
The bearish scenario will be to loose the range and close below $21, which will put the CAKE/USDT pair in position to re-test the support line at $19.
Regards
Cake Gonna Fire UP :D I think Cake gonna blast off to the mars but who know :D :D :D
Fundamental : Pancake Twitter
Just Burn $73 MILLION+ USD worth of cake
Technical : Cup and handlle patern and if bitcoin going up maybe cake will lift off as well
CAKE your way!CAKE has officially broken out and has moved past it's previous all time high.
It appears to be starting the third wave impulse. A large bullish candle for the day all but confirms it.
Previously I had estimated a target of 33, but I think 38 is more accurate. (I had not set the fib-extension to log scale same as the chart)
The chart itself looks beautiful and you can see CAKE has been riding on the upward trend line using it as support.
The RSI also has a positive upward trend it has been following.
All in all the CAKE looks delicious!
BINANCE:CAKEUSDT
#CAKE, #PancakeSwap Breaking out of Formation?A quick look at #PancakeSwap (#CAKEUSDT, #Binance, 4HR):
Whether we see a wedge or a broadening formation, CAKE is broke up from it with a nice spike in volume.
If confirmed, it could be a good entry.
If it fails, price could go back to the $23-$22 level.
If you want to read more about PancakeSwap on CoinMarketCap, click here .
What do you think?
Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
But if you enjoy my chart, please like, comment or follow me. :)
Thank you and Happy trading!
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Needless to say, this is not financial advice!
CAKE/ Tether Trendline BreakoutCAKE/USDT Trend Continuation Trade.
we are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature.
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
Everyone is lining up for CAKE!Despite the BTC flash crash CAKE continues to look very strong.
CAKE had a small hiccup when the sell offs happened but quickly rebounded and appears to be back on track.
You can see in the Volume indicator there was strong buying pressure leaving CAKE mostly unscathed during the crash.
It has made it's way back up to the previous trend line and looks like it will not be stopped as it heads towards it's next target of 33.80.
BINANCE:CAKEUSDT
Bullish on CAKEIn my personal opinion, $CAKE could go up to 37$ in mid-term.
As we can see, even though the market dropped we touched the bottom line of the parallel channel and now we are riding the reversal patterns.
Pitchfork is showing us going straight up through fibonacci levels. We should withstand the support line and aim for the middle line of the parallel trend channel.
In case we fix in the middles, there is a high probability of us touching the upper side of the channel, which could lead up to 37$ level.
Goals: 24.7 - 26.7 - 28.3 - 33.7 - 37
SL: 21.2
CAKEUSDT Hello to you all. Mars Signals team wishes you high profits at all times.
We have drawn a green line as a support for you, where the price has been well supported, and with regard to the token burning of this currency, if the resistance line is completely broken, we will buy it for the above targets.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
Pancake - CAKEI'm buying some cake on the breakout of this falling wedge.
Cake and the defi market is only getting stronger. Pancake is a great swap site with lots of hidden gems. Good burning & good utility.
CAKE/USDT : Breakout confirmed BINANCE:CAKEUSDT
Hello everyone 😃
CAKE had a breakout from it's bearish trendline and now it's holding above it.
Also It passed MA 100 & MA 200.
CAKE already bounced enough..
It needs to retest bearish trendline for healthy growth !
📌 How ever there is a resistance, Which lead CAKE for retest anyway...
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
CAKE Price Trend AnalysisI graphed trend lines - one based on the all time lowest low, then lined it up with the recent 2nd swing low in mid April. I did the same with the previous ATHs.
Please give me any feedback or critic, as I would love to hear from another experienced trader. Should I have connected the lower trend line to different swing low, or was my positioning accurate?
CAKE longThe trade is pretty obvious and shown on the chart.
I personally bought a $CAKE spot bag.
Very clean s/r levels being flipped with a strong up-trend.
I see this go to at least the listing wick.
Long your longs.
Cheers.
CAKEUSDT Enjoy 🚀🚀🚀This is not financial advice !!!
CAKEUSDT look good and he have opportunity to pump )))
CAKE / USDTCAKE is off the 21.5 support and moving up.
Forming Cup and Handle on the 4 hr and 1 day charts.
Major resistance would be at 30$ (previous ath, also a psychological level).
Potentially targeting 40$ area.
BTC in the next daysBTC has two pathways to reach another peak, either breaking now and bouncing around 68k, or maybe we are taking a longer path to reach even higher levels from 80k to 120k.
Just manage your risk well and always take profits along the way. Have a good one and stay safe.
I am also considering entering shrimpy.com to manage some portfolios and allow other traders to copy my portfolio, let me know if that could interest you.
