Cake finished cup and handle with Head and shoulders emerging noLooking at cake usdt at one day timeframe, the coin is right now completing cup and handle pattern destiny. The card on the table now is head and shoulders pattern by my keen observation. You can buy and hold some cake from here. Kindly do your own research too. I will keep you informed as soon as I notice another change.
Do well to support me.
CAKEUSDT trade ideas
🔥 CAKE Reversing From Massive Resistance: Great Risk-RewardOver the last few weeks I've made several bearish analyses on CAKE. This downwards spiral started mostly because of the April vote which investors hated.
As far as I'm concerned, CAKE will only fall further. Apart from the terrible tokenomics, the rest of crypto is looking more bearish than bullish as well.
We're placing the stop above the most recent highs, around 1.43, which is also the area where the resistance was last hit. Target at 1.00 since it's a big round number.
Prepare to Sell Cake between 3$---$4 on or before SeptemberGood day all. My last analysis on Cake holds so well and now the coin gave regard to Fibonacci reversal value of 1.272 and 1.168 accordingly. With this Fibonacci levels which by my opinion I expected to hold, next level for Cake to move to are 3.4$ and 4.05$. It follows therefore that this is the right time to buy cake. Do your own research as I may be wrong.
🔥 CAKE = 💀Last month I made an analysis on CAKE and the fact that it was selling off severely. My 2.50 support was the last hope for the bulls, which inevitably failed.
Fast forward to today, and we're trading at 1.50, a truly abysmal feat. Short-sellers are happy, stakers and investors are either exiting in droves or seeing their funds evaporate.
I think that there's little hope for CAKE to ever recover from this. Unless they make some drastic changes to the tokenomics of this token, I don't see it ever taking off again. Keep in mind that this is normal for a lot of tokens. The good ones survive the bear market, the bad ones die.
We might see some kind of pump occurring over the next year, but I'd be surprised if this token will go above 3.00 ever again.
CAKE Bottom Is InThere has been an incredible dump of CAKE over the past month, and I believe the bottom is in after printing an ATL at $1.77. There have been eight consecutive candles near the ATL along with massive burns of the token since the dump started.
I've marked fib channels showing the way back up, but I don't think the red .236 line will present much of a challenge. With trading bottoming out around $1.80, I'm thinking the Bollinger Bands will form a brief period of consolidation in the near future, followed by a move up to challenge the orange .382 fib line.
From personal experience, trading into large gaps on the daily 200MA has been profitable. The candles always return to the mean whether you're long or short into the trade. This dump is like taking a mirror to the pump of 2021 only in reverse. Currently there is a huge distance between the candles and 200MA, which on a daily chart it takes quite some time for it to sink.
Short term trades could exit at the .382 / $3.11. But if we consider that CAKE has previously traded over $40 and it is a yield bearing asset, there is an opportunity to ride this trade up for much longer than a quick 68% return.
Fundamentally, people who have either won or lost on meme coins will look to pivot towards utility based tokens. CAKE is the native token of pancakeswap which is a top 5 DAPP across all chains in terms of unique active wallets, with billions in TVL. It will be attractive to this cycle's noobs who came in for PEPE or WOJAK...for more reasons than one.
Good luck, NFA
$Cake Harmonic Pattern - ButterflyIt is a CAKE coin that has been lockup and dump for a year.
It shows a butterfly pattern and is a good buying spot with a B-D projection of 1.902 / X-D projection of 1.272.
I think we can look at the price reaction from the 1.236 spot and we should see the reaction around 1.272. (1.66$)
It is definitely a super strong trend decline, so it looks better to buy market long or spot after seeing the price reaction than buying perpetual futures through buy limit.
Cakeusdt buying opportunityCakeusdt had been in a bearish trend followed by accumulation since june 2022. Its near its all time low and channel bottom on 3D time frame.
Bullish points: Weekly bullish divergence
3D bullish divergence at channel bottom
Tapped into weekly order block and buying observed.
Can be a good long opportunity from here.
Short cake to 1.34$ and 0.65 $Hello investors of cake.
Cake befor all time high nice position for buy in the price 1.34$ and 0.65$
And new ATH in 2025 dont worry this project is powerfull and future of the exchange and CEX killer.....
Short
Entry 2 $
Target 1
1.34$
Target 2
0.65 $
Please full of bag in the 0.65 for next bullrun to be rich person.... I promise u.
✅TS ❕ CAKEUSD: ATL✅✅ CAKE is dropped to the support level.
The price repeatedly reacted to the current level.
The asset will bounce again from the current values. ✅
🚀 BUY scenario: long to 2.855 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
CAKEUSD ❕ oversoldTrading volumes declined on the correction.
On the 4H Timeframe, the RSI chart fell into oversold zone, and TD Sequential formed a reversal signal up.
The RSI chart, price movement and volume dynamics formed a bullish divergence (4H and 1H TFs)
I believe that the asset can bounce if it holds the current support level.
🔥 RIP CAKE: Going To Zero?CAKE has been dumping very hard over the past couple of days. Where the market has seen a big bullish move, CAKE completely ignored it and continued going down.
Why you ask? It has to do with a token unlock. Investors got their hands on 52-week staked tokens and sold them on the open market.
Apart from the terrible looking technicals, the idea behind this unlimited supply (inflationary) token just doesn't perform well in bearish market conditions.
If we will not see some kind of bounce from the June 2022 lows, I don't see any reason to be bullish on CAKE in the foreseeable future. In addition, we have to consider the fact that CAKE might have had it's peak and will slowly bleed to zero over time (which is not uncommon in crypto).
Is this token going to die? Reversal when?
Share your thoughts on CAKE🙏.