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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! ------------------------------------------------------ Needless to say, this is not financial advice!
Long
by BitfulMind
14
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. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
Long
by CryptoTrend-Alerts
2
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