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Cakeusdt

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 ($43.35) provided that the market conditions do not change significantly. Let me know what you guys think of the price action and if you would like to add something to this analysis! Best regards, J.
Long
by jahanzaib5555
2
Next Run for PancakeSwap ($CAKE) to $30+ IncomingI expect CAKE to break out of this upward triangle to make its next run that will likely take it to the $30 range before moving sideways again for a bit. You'll notice it goes up 15-20% then pulls back to the previous high, moves sideways for a bit and then makes the next 15-20% jump. I will be bullish on CAKE until they reach 80% of Uniswap's market cap. At that point, I'll move out of this position as they have way too much inflation to be able to hold a solid per coin value once they are properly valued.
Long
by brendanwenzel
7
CAKE.USDT (Y21.P2.E2).Staling. Looking for another entryHi Traders, It seems many of the Alts will be going down for some time due to the BTC drop and BTC dominance short term bounce. Using the 6 or 8 hrly trend to find the cradle setup with a bullish candle or candles in the lower time frames. Note MACD at these time frames are convergent. For now, its stalking as it has downward pressure on the smaller time frames, eg 1 hr to 4 hrly bearish divergence, and candle stick combinations. Al the best, S.SAri
Long
by ssari
2