Cakeusd
CAKE; buy or sell?CAKE has been consolidating nicely at around 20 areas.
I think this area for CAKE is a solid foundation and the price will have a HUGE pump soon.
With recent BNB's price action I wouldn't be surprised to see CAKE touching its ATH but more realistically it first has to push to 23-26 resistance zone and then break out of that area. Keep on staking!
CAKEUSDT making a bullish breakout* Cake in Daily time frame appears with Descending triangle, with it's resistance as above trendline and the support zone around $17.
* Descending triangle is considered to be either trend continuation or trend reversal pattern depend on the breakout.
* If CAKEUSDT breaks it's above resistance, we can expect bullish momentum.
* Price is bearish below support.
CAKE - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow.
CAKE is approaching a strong support and demand zone so we will be looking for buy setups on lower timeframes.
on H4: CAKE formed a wedge pattern but it is not ready to go yet. Before we buy, we want the bulls to take over.
Trigger => Waiting for a momentum candle close above the last high in gray to buy.
Meanwhile, until the buy is activated, CAKE would be overall bearish can still trade lower and dive inside the blue zone before going up. In this case, we will be looking for new buy setups to form.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Pancake break out Cake has been accumulating for some time, now it looks like it broke out of a symmetrical triangle towards the upside. The 200ma is the last resistance, then 0.5 fibonacci at 27$ then 31$ then 45$ then 53$. Moreover considering how well BNB is doing I am waiting for Cake to follow
CAKEUSDT - Trend Breakout!!CAKEUSDT (12h Chart) Technical analysis
CAKEUSDT (12h Chart) Currently trading at $19.45
Buy level :Above $19.75
Stop loss: Below $17
TP1: $21
TP2: $23
TP3: $26
TP4: $30
Max Leverage 3x
Always keep Stop loss
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CAKEUSDT ARE YOU RDY ?🧨🧨🧨It is a decentralized exchange for a year that their voice has risen in the crypto community.
All these exchange offices do their best to be able to have a good ranking in this group.
Pancake Exchange is one of these exchanges and can give a good profit to its shareholders, but we who are not shareholders are traders and in any case we get our profit from this currency code.
We are traders and all 😂😂😂
$Cake to 30 $ USD?Cake has a build-up period of 65 days and a triangle has formed. Assuming bitcoin continues to rally up, the triangle is targeting $ 22, $ 26 and $ 30.
Otherwise, if cake falls below $ 16.90, the price action will take Cake to support the bullish channel at $ 15.
Take your forecasts, I am currently still doing cake staking
✴️ CAKE/USDTCAKE has been trading in the yellow zone of the MMR band very severely, but on-chain data analysis shows the downward moves have started to come to an end. I expect CAKE to begin reclaiming its previous prices on the long time frame charts by retesting the resistances at 18.90, 21.00, and 22.60.