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Cakeusdt

CAKE Rides Channel To ATH But Weakness Is Showing-Cake has held steady in a channel for over 7 days -20MA has supported the price throughout the bull trend -Major support lands at $39.85 CAKE has had awesome week, rising nearly 100%. The bulls heavily grabbed low prices of $23 as cake rebounded like a cannon. Since the dip, the price has been steadily respecting an ascending channel with a high of near $44 at the time of writing. For CAKE to continue its uptrend to a new ATH, it must break & hold key resistance of $43.7. The bears have been defending this level well the last 2 days as it coincided with the top trend line of the evident price channel. Throughout the run, from low 20s, CAKE has been held up by the 20 MA. Major support for cake comes in near $40. The price has risen drastically the last week so the current supports cannot be depended on very much. If CAKE breaks below its bottom trend line of its ascending price channel, It will fall to the $39 range. This is the most probable scenario after such an explosive 100% run. If this zone cannot hold, CAKE may be in for a larger fall to major support of $36.20. Confirming a potential bearish view, the MACD has just crossed bearish for the first time in 48 hours. The histogram also printed a bearish tick. The RSI tells a similar story as the well respected trend of the last week has been broken. CAKE intraday levels Spot rate: $41.68 

Trend: Bullish 

Volatility: High 

Support: $39.84
 Resistance: $43.73
by CoinGape
4
Killer CAKE!Someone call the police because CAKE has been killing it and it does not want to stop. As the premier DeFi project on the Binance Smart Chain, CAKE has been growing in leaps and bounds. CAKE already hit the $38 dollar target and appears to have another 2x or 3x in it before it slows down. At the time of writing CAKE is sitting at a market cap of 6.4B dollars. I expect it to quickly catch the likes of LINK (14B) and UNI (21B). Looking at the technical the RSI is still looking really good. During it's first pump in February it reached RSI levels in the 90s three seperate times before price action finally started to fall. I also don't see a rapid crash in the price of CAKE given all the CAKE currently accruing interest in liquidity pools. The price looks to be moving within a pretty tight parallel channel. If it stays within this channel we can see it hitting 56 within the next week or 2 or even 90 by the end of May. A break above the channel could have us flying into the stratosphere and 127 would not be surprising. There's plenty of CAKE so come get a slice! BINANCE:CAKEBUSD
C
by variousCryptos
3
CAKE BUSD NOT LOOKING GOOD !!Hello, i Check my all custom indicators on cake busd to get any bullish sign but it seems cake is done here and need to retrace to demand zone in order to pick some genuine volume. also, its a dex platform so its hard to say anything about the volume cause its diversified in dex and binance so binance could be on low vol as compare to pancake dex. well, lets see how it play out, overall this coin is bullish from a long time as it is supporting CZ BSC movements and cz is supporting this platform and token in return !! Technically we broke out the rising wedge which is ultra Bullish sign if we retest sucessfully then good to go. there is also exaggerated bearish divergence on daily timeframe Cheers.
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by TheJohnSmith123
12
CAKE IS BULLISH UNLIKE THE MARKETGreeting from IRAN to whole trading community ✔💙 CAKE is moving through an ascending channel since 21st March CAKE could maintain in it's ascending channel unlike most of the market that lost their bullish momentum after that massive sell-off has occurred in market CAKE is above its major support 26$ As long as it can stay above 26$ , we expect from CAKE to rest then attack to its ATH and rise above 30$ KEEP IT SIMPLE :)
Long
by nima-mohammadkhani
12
CAKEUSDT --> exploring price upwardsTried to catch a few falling knives recently with BTC dumps, CAKE is one I caught, whoever got it at $22... THUMBSUP! The question here is to take profit or continue this potential ride. We have sold a lot with BTC, if we were to go sideways here for a bit, it makes sense for CAKE to hit $30, that will just be the nature of how ALTS react to neutral or bullish BTC price action. Since this is unexplored graph for CAKE... maybe we see some serious buying? -=-=-=-=-=-=- Todays VET Trade -=-=-=-=-=-=- BUY: Opportunity is gone most like, but the buyback is on the trend line... which would be an honestly very nerve-racking buy! (it would imply, in the short term, horrible news or BTC dump to 41k) TARGET: $30, may let it ride at that point STOP: $24 -=-=-=-=-=-=- --==--==--==----==--==--==-- Fundamentals --==--==--==-- Rank #30 Market Cap = $4,420,518,991 DEFI Binance's DEFI solution. Very very young product, does have lots of updates coming.. --==--==--==----==--==--==--
Long
by tommytoan11
2
CAKE/USDT full detailed analysis!Hi every one CAKE / TETHERUS CAKE/USDT has done pretty Impressive bullish movement in the last few days! as you can see if we try to put the Elliot Waves Principle on the chart we can understand that the price has completed the the first 4 waves of the Impulse waves and the 5th wave is about to be completed. after the completion of the 5th wave the beginning of the correction waves are expected . there are two thing to be aware of. one is that there is a strong resistance zone between the top of the 5th wave and the R3 of monthly pivot points (shown in the chart) and another thing is that after the completion of the correction waves the trend (which is bullish) can continue. Don't forget there is a regular bearish divergence(-RD) on MACD and RSI as well which make the expected bearish movement after the 5th wave more reliable to happen! Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
21