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Cakeusdt

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 ...
Long
by memotion
5
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
by CoinGape
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.
Long
by financialfreedomgoals101
CAKE can't Increase Further much more.Hi every one CAKE / TETHERUS CAKE/USDT is doing a impressive bullish movement but It can't last for ever. Each Trend needs a correction without a Doubt. so as you can see If we put a Harmonic pattern Like Crab on the chart we can Understand that the Price's bullish Trend is about to End (Pay attention to the EX Ret which is 1.681) so yeah the Bullish Trend can continue a little longer but It will End and The correction will be up to the 0.618 line of the Fibonacci Retracement and after that of course a Bullish Movement will be started. There is also a Regular Bearish Divergence (-RD) on MACD as well which makes the Downfall of CAKE much more reliable. summery: -CAKE's Bullish Trend is about to End. -Crab pattern shows It's about to end and time for correction -correction can be up to 0.618 line of Fibonacci -(-RD) on MACD makes the Expect correction more reliable. 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
31
#CAKE, #PancakeSwap is approaching resistance: potential +24%!A quick look at PancakeSwap (#CAKEUSDT, 1D, Binance): According to CoinMarketCap, "PancakeSwap is an automated market maker (AMM) — a decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return." The token registered an impressive +98% gain over the last month, following the trend of the overall market. Main Points Price approached resistance at $21.17. If it flips it to support, price could easily head to $26.28 for a +24% profit. If rejected, closest support level is at around $19. Strategy If price breaks the resistance (wait for confirmation) : TP1: $26.28 SL: n/a(*) If you want to read more about PancakeSwap on CoinMarketCap, click here . What do you think? Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome. But if you enjoy my chart, please like, comment or follow me. :) Thank you and Happy trading! (*) I do not use Stop-Loss for the simple reasons that I do not margin trade, and I trade only assets that I do not mind keeping long-term should the price suddenly crash. ------------------------------------------------------ Some of my charts represent actual trades, and some are just paper trading. Needless to say, this is not financial advice!
by BitfulMind