Cake-USDT updateCake 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
Cakeusdt
Cake looking solid Cake is looking solid. Volume is good and the overall
the market is also supporting the trend.
Waiting for 26.55 to break.
Targets:
29.33
32.54
35.54
CAKS USDT Short IdeaCake price is touching the lower support of the Channel. If it can break and close below on the retest we can go short with good risk reward
CAKE, a long term vision. CAKEUSDTHello my friends, A multi timeframe analysis of CAKE and a long term vision for investment. The price breakup the major resistance and usually after that will pullback to level as a retest. So If the price fixation in this area I expect price growth. You can consider it and the price actions in the circle to buy it. Good luck
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Write your comment and opinion below for me
CAKE best healthy scenario the price is around a daily resistance wich is 27-28$ (at the same time near 50% fib on daily ) that means it could take a week before it falls to the support area
and its important to understand that if cake price goes up to 34-37 that would be retest of its ATH on Market cap because of its inflation (the market cap reach the ATH but the price can be at 86%of its ATH)
i took out my capital and i'm wating to buy it again at 23(30%) and 21 (70%) if the market stay bullish
and keep your eye on BTC because its the mother of all other coins
SHARE YOUR OPINION IN THE COMMENTS ...
CAKEUSDT 1day chartThe cake is currently testing the red zone area for the upward rally, once it breaks, we can see the good move up a rally in it. In case of failure of the test, the lower zones for buying points are the market. Buy the breakout of the red zone area, This will pump cake harder. Wait for the confirmation!
Note: I'm, not a financial advisor, do your own research.
CAKE-USDTAs per the data provided by DeFiLlama, PancakeSwap has retained the second spot amongst the DEX and has locked in $6.4B in its protocol.
Total Liquidity in the protocol has gained 30% in the past 1 month which lies in tandem with the current Bull rally in its native token.
The support to the lower side is present at $20 while it may face resistance at the levels of $30 and $34 moving higher.
CAKEUSDT : TP1 Reached ✅🚀 +21% ✅🚀Last Analysis of #Cakeusdt in 16.Aug.2021 : As we can see, after breaking its downward trend, the price is gathering strength to start a strong climb.
In order to buy, the SL (stop loss) and capital management must be observed.
All resistances and TPs (take profits) are marked on the chart.
(DYOR)
Now : TP1 Reached ✅🚀 +21% ✅🚀
CAKE Consolidates Within Ascending Channel, Eyes Breakout to $28-CAKE has risen 27% over the last week
-Price has been stuck within an ascending channel
-50MA has held as support for a month
Pancake swap has been in a strong uptrend for nearly a month. The rest of the cryptocurrency market has been going berserk as many coins have been surpassing their all time highs. CAKE has been working its way up to its major resistance zone ever since the start of August. Compared to other coins in its class, CAKE has yet to fully breakout and experience a parabolic push. As long as BTC stays steady, CAKE should soon experience a large parabolic push back near $30.
Shown in light blue, we can see how price has respected the ascending channel extremely well over the last month. It has kept price very tight with little swings. Each time CAKE has touched either trend, it has gotten pushed to the opposite. At the time of writing, CAKE is attempting to breakout of the top trend line of its channel. Along with this top trend lies the major resistance area found at $24.56-$26.53. If Bulls manage to clear this zone along with the top trend line, we may see CAKE surge to its given targets.
Consolidation within this resistance zone is likely to occur as its one of the largest areas to break for CAKE to go parabolic. In this case it fails to hold this resistance zone, price will first find support at the bottom trend of its channel. This area is also near a major support level of $22.98. If bears push price down to this level, there will likely be some type of bounce. In addition to these two supports lie the 50MA. This MA has held price up for a month. If at any time CAKE breaks below this, expect a downtrend to occur.
While looking at the Stochastic RSI, we can see that strength is hanging out within the over bought territory. CAKE must break out of its channel soon or it will begin to lose strength. Breaking below the 80 value will likely cause a retracement to occur. The RSI has been attempting to break a downtrend line for many weeks now. For CAKE to really see some explosive growth, price must fully break this downtrend line & aim towards the overbought region.
CAKE Intraday Analysis
Spot rate: $25.33
Trend: Bullish
Volatility: High
Support: $24.56
Resistance: $26.53
CAKE/USDTCAKE/USDT - going to long, as long as I am going to hold it, I am gonna put this to the farm for staking, until trend's gonna change
CAKEUSDT: BREAKING DBW PATTERN, FAKE BREAKOUT/ CONTINUE BULLISH?Hello Traders. Here's free outlook for you! Don't forget to smash the LIKES, COMMENT, and FOLLOW button to support the channel.
UPDATES FOR CAKEUSDT:
CAKEUSDT is breaking descending broadening wedge pattern, the momentum indicator is pointing up in the oversold area, indicating that CAKEUSDT is potentially continue moving upward.
The roadmap will be invalid after exceeding the support/target area.
DISCLAIMER:
This is only potential outlook, not a recommendation to buy/sell the cryptocurrency.
CAKEUSDT: DESCENDING BROADENING WEDGE, THE BULLISH OF ALTCOINS?Hello Traders, Here's a free outlook for CAKEUSDT. Don't forget to smash the LIKE, COMMENT, and FOLLOW BUTTON to support the channel.
CAKEUSDT is forming bullish continuation pattern, breaking descending broadening wedge pattern, potentially move to the resistance/target area.
The roadmap will be invalid after exceeding the support or target area.
CAKEUSDT Analysis: We are looking for new fair price.On the currency pair CAKE / USDT we see how the price leaves the current fair value around level POC 15.8
The price jumps nicely up the trend line.
In addition, the fundamentals are also positive.
The only thing that could bring the price down now is the unexpected strong fall of Bitcoin.
Management and commenting on the trade will be shared with our students again.
Happy trading wishes Team UCT.
cake has grown 65% since its entry point on 12/08cake has grown 65% since its entry point on 12/08
Completed target 1. move to target 2
Cake going for 24 and then 32We have a double bottom and a hidden divergence at 4h timeframe and a beautiful double bottom at 24$ in daily timeframe which take us to 32$
CAKE going down. H&SCake going to down . Right now it’s clear H&S. Entry and target showed on pictures. Not financial advice. DYOR
CAKEUSDT - trend analysis - Quick Draw Up. Flag Marks - Resistance touched 3 times but didn't break through.
Similar trend forming from the last push up to support.
Has broken out of downard channel and RSI is a steady 55.27.
RSI would need to hold above 53 - trend indication only.
Green Trend Line is outlining a replication of the last push to support.
50/50.
Head and shoulder formation in Cake* Cake in 1H time frame forms a Head and Shoulder pattern, which is a trend reversal pattern occurs during bull run.
* It appears with three peaks in which the two outer peaks are smaller in compare to the middle one.
* Cake has a support near $20.960, if it breaks it's support we can see a drop till $19.800.
CAKE - What's Next? 🧐Cake has been on a bullrun since we saw the triple bottom in late July. We have been steadily climbing but we have now gone away from the ascending trendline in the form of an ascending correction = reversal pattern.
If this ascending correction breaks down completely, we might see a deeper correction heading back down to the $16 where we have previous structure. If its a small retracement, look for a bounce off the ascending trendline.
CAKE - What's Next? 🧐Cake has been on a bullrun since we saw the triple bottom in late July. We have been steadily climbing but we have now gone away from the ascending trendline in the form of an ascending correction = reversal pattern.
If this ascending correction breaks down completely, we might see a deeper correction heading back down to the $16 where we have previous structure. If its a small retracement, look for a bounce off the ascending trendline.
CAKEUSDT 1D TFAs we can see, after breaking its downward trend, the price is gathering strength to start a strong climb.
In order to buy, the SL (stop loss) and capital management must be observed.
All resistances and TPs (take profits) are marked on the chart.
(DYOR)
