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Cakeusd

CAKE/USD - Can support hold us at $29? If not, $21 next!CAKE did a nice ATH at $44 at the end of April and ever since we have been correcting downwards. Right now we found support on the $29 level, but this is unlikely to hold us if the bearish momentum continues. The indicators on daily are bearish with MACD and RSI falling and this trend does not give any signs of relief. As such, better wait if you are interested to buy CAKE, you may get a better opportunity later on. For sure buying around $21 is a much better entry if we get it as that is also our previous ATH. Thus, wait for now and let price lead the way. We're still bearish, so no need to rush or FOMO into it. Like and follow if you liked this idea! Also join my crypto community to stay in touch!
CShort
by DU09
CAKE/USDT can still increase!Hi every one CAKE / TETHERUS CAKE/USDT is in a bullish flag which has not broken yet , If the break out happens there can be a bullish movement as big as the flag pole! Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck.
Long
by CobraVanguard
24
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-🥞🥞🥞🥞🥞🥞🥞🥞🥞🥞🥞🥞🥞
Long
by MinimumWagerLvl1
7
Cake looking to make a new ATH in MayCAKE has followed a pattern of 50-60% gains every 2-3 weeks since its listing. This price increase is not undeserved as Pancake Swap regularly does similar volume to the much higher capped Uniswap. Even though cake has moved from under $10 to $40 it is still an undervalued project with it market cap sitting around $6.5 billion. Since we are only about 6 days into the new consolidation period I'm not sure if CAKE is going to takeoff now, or sometime in the next 10 days. Personally, I plan on getting in now. Chasing a pump is never wise and it seems that CAKE has cooled off a bit before its next move up. We might get this move sooner than the next ten days based on the MACD almost crossing the signal line. I'd prefer a better RSI, but I'm not looking to miss out on a coin I'm confident in (at least in the short term). If $CAKE makes a similar 50-60% move we are looking at a price target of around $60. A good stop seems to be 33-$35 where there is some support.
Long
by zsamochin
2
CAKE Rides Channel To ATH But Weakness Is Showing-Cake has held steady in a channel for over 7 days -20MA has supported the price throughout the bull trend -Major support lands at $39.85 CAKE has had awesome week, rising nearly 100%. The bulls heavily grabbed low prices of $23 as cake rebounded like a cannon. Since the dip, the price has been steadily respecting an ascending channel with a high of near $44 at the time of writing. For CAKE to continue its uptrend to a new ATH, it must break & hold key resistance of $43.7. The bears have been defending this level well the last 2 days as it coincided with the top trend line of the evident price channel. Throughout the run, from low 20s, CAKE has been held up by the 20 MA. Major support for cake comes in near $40. The price has risen drastically the last week so the current supports cannot be depended on very much. If CAKE breaks below its bottom trend line of its ascending price channel, It will fall to the $39 range. This is the most probable scenario after such an explosive 100% run. If this zone cannot hold, CAKE may be in for a larger fall to major support of $36.20. Confirming a potential bearish view, the MACD has just crossed bearish for the first time in 48 hours. The histogram also printed a bearish tick. The RSI tells a similar story as the well respected trend of the last week has been broken. CAKE intraday levels Spot rate: $41.68 

Trend: Bullish 

Volatility: High 

Support: $39.84
 Resistance: $43.73
by CoinGape
4