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Cakeusdt

CAKE/USDT Daily Support and Resistance Zones Targets 10/29/21CAKE is in Range, forming a bullish pennant in daily timeframe, while all coins are in Bullish mode this last days, CAKE didnt do any significate movements. Support and Resistance Zones marked in RED/GREEN Boxes % calculated to every zone. Be aware this is a daily time frame analysis, medium term trade. My entry is at 18.04 USD SL at 16.90, and moved to entry price after 10% up. Will update as the trade happens. Trade Safe. Regards. P.D: Remember that BTC dictates the market.
Long
by huloza
1
Why Cake isn't making big moves?Cake is now stuck in a barrier triangle ending Wave e at the top of the triangle (pink lines) means a downward move before bouncing upwards. Reasons why we aren't seeing Cake making big moves. 1. Short Wave ii 2. Extended Wave iii 3. Hidden RSI divergence Do note there might be a possible truncated Wave v as there has already been an extended wave iii. Not financial advice. Only meant for educational purpose. All price actions depends on BTC hence, possible invalidation of my analysis. Please trade at your own risk.
by investdimsum
4
CAKE/USDT : Break above the trendline, important CME gap on BTC!BINANCE:CAKEUSDT | CME:BTCX2021 Hello everyone 😃 Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it ! #CAKE has broke above the bearish trendline and the lower support zone has showed a stiff support. MACD is gaining bullish momentum on histogram and it looks like that we'll face a bullish continuation after a retest on broken level ! The higher resistances will be : - $21.06 - $22.85 - $25.88 - $31.50 - $38.30 The lower support zone can be used as 2nd entry if we saw any developing candle on it and the SL can be placed below it... 🔴 Based on higher data, The invalidation of the bullish bias will be a hold confirmation below the zone ! 📌 Huge gap formed at ~61000$ FYI: ±90% of CME gaps are filled sooner or later. Keep this in mind. We hope it won't be filled 🙂 Hope you enjoyed the content I created, You can support us with your likes and comments ! Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
27
cake bullish break above resistance 3rd time and holding- cake breaking resistance for 3rd time, showing significant bullish momentum - this is also supported with on chain analysis- - TVL at 79.31 % - top 3 wallet holding cake liquidity providers currently at 23.27 mill cake, couple days ago at 24.76, so with increasing supply price going up shows demand is there and charts are pointing to this------ BULLISH!!!! - make sure to stake directly on pancakeswap- this will reduce the chance of exchanges making commision and selling down! therefore we'll see much higher prices sooner!!
BINANCE:CAKEUSDLong
by Cos14b
1