Cakeusdt
CAKE, PancakeSwap - Top 20 incoming ?Hello all,
The CAKE/USDT and CAKE/BUSD pairs run like clockworks these days. Even during the weekend drop, all major levels were respected and the price reacted perfectly upon touching them. Yesterday we saw the pair dropping all the way down to the very, very solid resistance at $19, so now I think we can assume it turned into support on the daily chart (yet to be confirmed on the next test of that level).
So, the price reacted immediately and the trading pair went back into the old $21.5-$25 trading range. Also, regained positions above the 21-day EMA and the diagonal uptrend line.
The bullish scenario here will be to form a solid bullish engulfing candle on the daily chart, then make a quick move to $25 (probably fueled by the recent token burn and the upcoming IFO) with an extension to $45. Such a big move will result in 91 percent of price increase. When added to the current marketcap, it will place CAKE at #22 on CoinGecko's Top 100 list, still way behind the leading DeFi project - UNISWAP.
The bearish scenario will be to loose the range and close below $21, which will put the CAKE/USDT pair in position to re-test the support line at $19.
Regards
CAKE your way!CAKE has officially broken out and has moved past it's previous all time high.
It appears to be starting the third wave impulse. A large bullish candle for the day all but confirms it.
Previously I had estimated a target of 33, but I think 38 is more accurate. (I had not set the fib-extension to log scale same as the chart)
The chart itself looks beautiful and you can see CAKE has been riding on the upward trend line using it as support.
The RSI also has a positive upward trend it has been following.
All in all the CAKE looks delicious!
BINANCE:CAKEUSDT
#CAKE, #PancakeSwap Breaking out of Formation?A quick look at #PancakeSwap (#CAKEUSDT, #Binance, 4HR):
Whether we see a wedge or a broadening formation, CAKE is broke up from it with a nice spike in volume.
If confirmed, it could be a good entry.
If it fails, price could go back to the $23-$22 level.
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!
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Needless to say, this is not financial advice!
CAKE/ Tether Trendline BreakoutCAKE/USDT Trend Continuation Trade.
we are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature.
and are therefore are unqualified to give investment recommendations.
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Everyone is lining up for CAKE!Despite the BTC flash crash CAKE continues to look very strong.
CAKE had a small hiccup when the sell offs happened but quickly rebounded and appears to be back on track.
You can see in the Volume indicator there was strong buying pressure leaving CAKE mostly unscathed during the crash.
It has made it's way back up to the previous trend line and looks like it will not be stopped as it heads towards it's next target of 33.80.
BINANCE:CAKEUSDT
$CAKE: Great buying opportunity Cake has been holding it's support at $19 as Bitcoin has been dropping to $54-55K. Yesterday it hit the support trend line and bounced straight up to $25 but it has now dropped back down and held a strong supporting price. I see $CAKE consolidating for maximum 7 days before it exits out of the triangle and hitting a new ATH.
Take profits at:
$TP1: $25
$TP2: $27
$TP3: $30
Hopefully this helps you and your crypto endeavours.
CAKEUSDT Hello to you all. Mars Signals team wishes you high profits at all times.
We have drawn a green line as a support for you, where the price has been well supported, and with regard to the token burning of this currency, if the resistance line is completely broken, we will buy it for the above targets.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
Pancake - CAKEI'm buying some cake on the breakout of this falling wedge.
Cake and the defi market is only getting stronger. Pancake is a great swap site with lots of hidden gems. Good burning & good utility.
CAKE/USDT : Breakout confirmed BINANCE:CAKEUSDT
Hello everyone 😃
CAKE had a breakout from it's bearish trendline and now it's holding above it.
Also It passed MA 100 & MA 200.
CAKE already bounced enough..
It needs to retest bearish trendline for healthy growth !
📌 How ever there is a resistance, Which lead CAKE for retest anyway...
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
LONG CAKE $30CAKE holding strong during the Sunday selloff - Nice support @ $21 bounce off 100 EMA 👍
$30 before end of April
CAKEUSDTentry: around 23.3
TP1: 24.74
TP2: 25.59
TP3: 28.19
TP4: 29.09
TP5: 29.94
SL: 20.99
Check my website for tutorials, examples and calls :)
cry-pto-surf.com
- My trades are not financial advices
- always use stop-loss
- invest only the amount of money you are ready to lose
- trade with a strict money management method
CAKEUSDT Enjoy 🚀🚀🚀This is not financial advice !!!
CAKEUSDT look good and he have opportunity to pump )))
Can Cake pull of a BNB type marathon? A little back Story:
Many people think that Cake will pull off a BNB and well, they are not wrong- at least in my opinion. A few days back, I was looking for a long entry but saw a Bearish engulfing candle and decided not to- In fact, I went on for a low-lev short with the target of 0.618 fibs ($21.665 ).
What's next?
The 0.618 acted as the perfect support and the price bounced right from that point. Now, as you can see from the above picture, the trendline is still intact and it looks like that price will go break out from the next resistance point 0.786 fibs ($25.339) pretty soon. once, that is broken, traders can look for a long entry or a safer entry would be the retest of that previous resistance turned in to support with the target of 1fibs ($29.99), and in the best case- 1.618 fibs ($43.35) provided that the market conditions do not change significantly.
Let me know what you guys think of the price action and if you would like to add something to this analysis!
Best regards,
J.
$CAKE Token Broken Out of Consolidation Down Trend to UPside...trend lines marking the down trend in $CAKE token consolidation period... Recently broken out to the upside.
$CAKE is a Token with huge potential due to the incredibly lower DEX Transaction fees offered through Binance Smart Chain on Pancake Swap.
Pancake appears to be a rapidly growing DEX which some people feel can surpass Uniswap or at least reach similar market cap.
CAKE / USDTCAKE is off the 21.5 support and moving up.
Forming Cup and Handle on the 4 hr and 1 day charts.
Major resistance would be at 30$ (previous ath, also a psychological level).
Potentially targeting 40$ area.
CAKE Token: Long the brief DipThe PancakeSwap token CAKE has sold off its recent highs in a solid uptrend that also sees BTC attempting new highs.
OBV is strong and did not decline at the peak which suggests a H&S is not in play. With other alts alternating pumping and selling off, CAKE is an excellent buy at these prices with BTC and SPY surging to new highs. Get on the trend and don't over think it too much. Target is $30+ by May.
