So here are the resistances and supports of cake usdt on higher time frames. it is a bit laggy then the rest of the market but will perform better in the coming days as NFT market place will be launched on pancakeswap. hope you like my idea.
Cake has had a great growth from 10BUSD to 26BUSD and needs some rest, just like BNB. cake has been lost its ascending channel and is ranging between 22.1-24.3. Next growth is expected after breaking 24.5-26.5 BUSD
Next targets: 23.3 - 27 - 31.5 - 36 - 38.5 - 40 - 42.8 - 45 - 66.5 - 101 - 136 - 158
Mid-line downtrending line supports... fib level is supporting too.. down trending line in 4h-time frame should be broken for ascending
CAKEUSDT (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... Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
The 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
We 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
At the base of uptrending channel and near to mid of downtrending channel... higher prices is estimated...
I 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...
This 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...
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...