Cakeanalysis
CAKE-PancakeSwap-USDT (OVERVIEW)Hello there!👋 Thank you for stopping by today, let's get right to it 🌍👇😄🎉
Technical Overview : 🔍📈
Technically, CAKE🍰 (PancakeSwap token,) IMO, was forming what looks to be some sort of bear-ish structure/harmonic.🐻👁🗨
Price decided against this pattern and we are now seeing some possible bull-ish activity🥳🐮, which leads me to believe we can hit our bull target depicted above!
Additionally, price action broke up and out of a major trendline(purple,) engulfing the 💲16.0 price on ~May 31st, and has maintained bull momentum for the most part since then.
I am expecting us to reach ~💲25.05 in the near future⏲⏰✔, where it would then be wise to re-analyze.
Fundamental Overview : 📝📍
🍰🥘🍰 is a DeFi AMM platform that allows you to earn liquidity by staking the CAKE token on the BINANCE SMART CHAIN.
BSC (Binance smart chain,) is a blockchain that provides fast transactions with low gas fees.🆗👍👏
PancakeSwap launched September 20, 2020 and is now down ~54 % from its ATH price of ~$44 on April 30th of this year.😮📆
We may be seeing Pancake lovers scooping up their CAKE while it's down.. let's see👀, but remember, always use proper precautions when making large investments 📌🧐
I have also created a few other paths that I see possible, in the event that we turn bear-ish. 🙂🐻
🛑🛑🛑This is not financial advice, always have a stop🤚🛑💲 loss set🛑🛑🛑
It is a good idea to always monitor 🧐👀 BTC and ETHs movement when making any trade
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome.
Thank you so much!!!
Jazerbay 🐶
CAKEUSDT(12H CHART) - Resistance breakoutCAKEUSDT (12H CHART) Technical Analysis Update
Resistance Breakout
CAKE/USDT currently trading at $20.3
Buy-level: Above $20
Stop loss: Below $16
Target 1: $24
Target 2: $28
Target 3: $34
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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Cake coin AnalysisHey Guys
I make a simple cake chart in which you guys can see 2 patterns.
If these patterns break we can make a lot of money from cake coin we can easily expect a new ATH of 0.000054 BTC
But keep in mind the market is volatile so if these candles break down the patterns then we can expect the Cake to go down to 8$ to 5$.
If you have any idea about this analysis comment down below.
#DYOR
Cake Price action For Long/BuyCake is a new cryptocurrency and possibly will give you a return bcoz of its market cap. it a good time to buy a cake for the long term.
Cake Price action For Long/Buy
CAKE - Important accumulation zone before being bullishThe price is trapped inside the 20 and 50 averages, this zone must be broken to confirm the trend (bullish or bearish).
Basically we continue with the same idea presented previously.
MANAGE YOUR RISK! The loss you take in case of failure should NEVER be more than 2% of your total capital. NEVER. You invited to share your vision in the comments. Thank you
CAKE - Precise as a Swiss watchWe need to break the bearish channel and the resistance zone to be able to go bullish.
MANAGE YOUR RISK! The loss you take in case of failure should NEVER be more than 2% of your total capital. NEVER. You invited to share your vision in the comments. Thank you
Cake to hit perfect buy zone at 10$Buy me a coffee :)
TSWGNLofUSSVh8qF9hCq9jETX5tU9Y5i1B (TRC20 USDT)
My idea for CAKE/USDT for the weekendI'm just a beginner chartist but I cannot ignore this double bottom pattern potentially forming.
If the red dynamic resistance line is broken with some volume (and retested) then a break above the purple neckline may be in the books, followed by a break above the last support turned resistance. If then that level is retested and it holds then we are looking forward to a move higher up. Please watch all the key levels that I circled on the chart. If you go long use proper stop losses and you may also want to take small profits on the way up at the key levels.
Remember, the bull trend has not yet been confirmed on the 4-hourly chart, we are still officially in a bear trend on the short term. We may as well see further downward movement regardless of my observations.
$CAKE feeling bullish - time to buySimple analysis on BINANCE:CAKEUSDT .
Cake is about to go up again in my opinion.
This is not financial advice. DYOR!
Cake-USDT updateAt the base of uptrending channel and near to mid of downtrending channel... higher prices is estimated...
CAKE - Best purchase price impossibleWe are at the best price to buy or at the beginning of a bearish market deepening.
To sum up: if you buy, be cautious if you own, keep your fingers crossed that a new rally is coming.
MANAGE YOUR RISK! The loss you take in case of failure should NEVER be more than 2% of your total capital. NEVER. You invited to share your vision in the comments. Thank you
My idea for CAKE/USDT in the coming days/weeksI can see a bullish flag on the CAKE/USDT daily chart: prallel descending channel after a long price explision.
No RSI or MACD divergence (higher highs on price and the latter 2 indicators alike) -> I expect no trend reversal, I am still bullish.
Strong confluence:
min/max price Fibonacci 0.618-level retracement aligns with
default daily Keltner Channel bottom.
Also a past resistance ($29.333) is almost touching these levels. Past resistance may act as support for this falling price.
Checking the 4-hour chart a bounce upwards may be imminent. If it breaks the upper channel level, it may go up to ~$54.
If I stick to the daily chart, I assume the price would go up to the channel top, bounce back to around ~$30-$31 then race up to break the upper channel level all the way to $53.
Also the Fib-retracement level 1.272 level is ~$54.
We will see how this works out.
Cake - Figure mutation - rectangular flagThis figure is a bullish continuation. Then, to think about a bullish option we must break the upper resistance of the rectangle . It would be dangerous if the 100 EMA is broken, since we would go to the floor of the rectangle . Approximately towards the 200 EMA .
MANAGE YOUR RISK! The loss you take in case of failure should NEVER be more than 2% of your total capital. NEVER.
You invited to share your vision in the comments. Thank yo
Ready For The Next Cake Party?🥞/Super Bullish/Previously on Cake:
- Just broke it's bull flag.
- Retest successful
- Rsi forming a good trend
- Follows Bnb and Bnb mostly follow BTC / BNB is very bullish moving up to $750/
Episode2
*Cake was resting in bull flag after the party!
*Hangover mode of the cake is going away!
*I fell bullish for the next few weeks.
*LET'S FIRE THE SECOND ROCKET.(There will be more rocket to fire)
It's always good point to buy cake but If you are looking a point to buy more just wait for few drawbacks to the up trendline and buy it! /Deff. Not financial advice/
Follow if you like and wanna see more updates on cake.
How bullish is the 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.
