Cakeusdt
#CAKE Massive Breakout coming ?Cake Testing trendline resistance and trading at the same zone from which it gets launched in Feb 2021. Its good to buy some Cake for long term hold considering its the significant part of bsc chain.
Hold Period - 3 to 6 months
Targets - 7.1 - 8.5 - 9.8 - 12 - 15
CAKEUSDT: SHORT OPPORTUNITY AHEAD, BEARISH BIAS STILL PREVAILS?Hello CryptoTrading Enthusiast! Help the Channel Growth by smashing the FOLLOW and LIKES Button, then Share your opinion on the Comment Section below :)
CAKEUSDT retested the trendline and created an impulsive rejection. The stochastic pointed down in the neutral area that could be an indication of bearish bias for Pancake Swap ahead.
*Now We put all the explaination on the chart* Enjoy!
*DISCLAIMER:
This isn't a recommendation to buy or sell cryptocurrency, only an Outlook from technical perspective.
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CAKE/USDT BULLISHCAKE has been in a downtrend since ATH, the bottom could be in. The price is also at an all-time low currently.
Boilinger Bands indicator show a breakout at 7,50ish. If price movement could break through 9,00 resistance, we will see an uptrend. Combination of breakout on Boilinger Bands and resistance level could be huge.
Fundamentals: Pancakeswap (CAKE) is the market leader for BSC DEX´s. Pancakeswap holds the most number of coins, pairs, visits and also has the highest market share on BSC (Binance Smart Chain).
Entry: 7 - 10 USD
Target: 40 USD (300 - 400% gain)
Not financial advice.
CAKEUSDT, Finally we made it Hello everybody
Did you check event of today ? Did you check unemployement rate ?? Do you know how you can analysis when the news coming ??
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According to the last analysis we shown on chart that the price was making a triangle and we need to break it and then wait for the pullback and trigger for entrance then you can take position and buy, at this time finally we have candle stick pattern is making after broke and its morning star.
According to the pattern we can buy some part in here in this price and put our SL and the below of the pattern and wait until the target that we shown reach.
Good Luck
Abtin
CAKE is trading within a descending channelCAKE has been dancing within a channel with peaks and low inside this channel.
There is the possibility of CAKE going higher in price if it maintains its position above the $6.9 support level. Otherwise, if it breaks below the aforementioned support level, it may fall further.
overall, for now, my TP is within the channel
Cake bullish play short term set upStrong support at $5.00 because 80% drop from B wave top down to C wave, would expect a relief rally at least to $13 and up to $16 corresponding to fibonacci levels between 40-50% conservative as per previous B wave high.
- if you have been buying from $10 and down, stake and wait to take profits- I would only take 20-30% with possible retest lower, but preparing for any major bullish change.
Watch out CAKE !!Hello traders & investors
BINANCE:CAKEUSDT keeps falling and we don't have enough data on its chart but when we check BINANCE:CAKEBTC things seem different.
currently, everything is natural and we should just have cake on our radar.
WARNING: it is not a piece of financial advice always do your own research.
CAKEUSDT-LONGBased on technical factors there is a long position in :
CAKEUSDT PancakeSwap
Score 3️⃣
🔵Long Now or set on Key Level 6.90
🟢Target 1 7.45
🟢Target 2 7.95
🟢Target 3 8.35
❌Stop loss 6.70
#K_Level
Every signal has a score from 1 to 5, so accordingly adjust your risk for each signal. The signals with the score of 5 are the most probable ones.
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