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CAKE / TetherUS

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CAKEUSDT trade ideas

Bulls are consolidating CAKE price in preparation for a rebound The CAKE token has a vital support level of $5.50, and the current price of crypto is struggling to close the daily price candle above $6.7 level, then the neckline of double top formation ($4.6-level) may act as an immediate resistance level. Stoch RSI is still in the bullish territory; will it affect the current trend? The CAKE token price has been moving downwards in the RedZone of super trend indicator as well as the price is below the EMA Ribbon in terms of the daily price chart. The bulls need a robust bounce-back move. Moreover, the 200-line is far above the current price. The Stoch RSI is expanding towards the overbought territory over the daily price chart, where the k-line is at 81 and D-line is at the 66-mark. Conclusion The PancakeSwap investors have to keep patients for a good return on investment. The crypto price may generate excellent returns above the $9.0 level. Support level- $5.6 and $5.0 Resistance level- $7.5 and $8.5
Short
by TheCoinRepublic
CAKEUSDT: SHORT OPPORTUNITY AHEAD, BEARISH BIAS STILL PREVAILS?Hello CryptoTrading Enthusiast! Help the Channel Growth by smashing the FOLLOW and LIKES Button, then Share your opinion on the Comment Section below :) CAKEUSDT retested the trendline and created an impulsive rejection. The stochastic pointed down in the neutral area that could be an indication of bearish bias for Pancake Swap ahead. *Now We put all the explaination on the chart* Enjoy! *DISCLAIMER: This isn't a recommendation to buy or sell cryptocurrency, only an Outlook from technical perspective. *FOLLOW FOR MORE CONTENTS AND UPDATES*
Short
by financialfreedomgoals101
CAKE strongly bearishHello Trading view community, should you like this analysis, please support with like ans comments, Thank you. Cake reacted to its resiatance level at $08.80s and carshed down again, we like it or not, it may drop down into $06.80s again. ofcourse eventually, almost all cryptos trends are affected by BTC and ETH somehow, so should BTC crashes toward $39K - $$38K, again (which may carsh even up to $25K or more) then we should expect more crash on all coins beside cake.
Short
by iBijan
1