CAKE
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?
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.
CAKE - Am I crazy?Short term targets are easy to reach. The long term target price could pus CAKE between 100 and 130$ in my opinion. Let's see the next Fibonacci of May/June crash what will tell us.
Cheers to those have eaten CAKE! @SmileyTradesHello Traders!
We have finally met our Macro degree Target! A big congratulations to those who took this trade with me.
I must say, it's been a trade with bottom entries and top targets! It's been ~250% in price gains from Entry to Target! Great trade.
I've included what's next for CAKEBUSD on the chart. Pay attention to how price begins to consolidate after the Target has been met; it will tell you how bullish/bearish it is.
Key levels on the chart!
Happy Trading, always manage risk.
Quality in trading is the ability to react to one's own psyche
CAKE.USDT (Y21.P2.E2).Staling. Looking for another entryHi Traders,
It seems many of the Alts will be going down for some time due to the BTC drop and BTC dominance short term bounce.
Using the 6 or 8 hrly trend to find the cradle setup with a bullish candle or candles in the lower time frames.
Note MACD at these time frames are convergent.
For now, its stalking as it has downward pressure on the smaller time frames, eg 1 hr to 4 hrly bearish divergence, and candle stick combinations.
Al the best,
S.SAri