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CAKE

🔥 CAKE: Is The Dump Finally Over?The last time that I looked at CAKE was around a month ago. Here I argued that CAKE was one of the weakest tokens on the market currently and that more bearish pressure was mounting. Since my previous analysis, CAKE dumped even more and reached the area around the all-time lows since trading on Binance. Historically, this area of strong support has caused huge reversals for CAKE. With CAKE seeing a new reversal from said area, there's a decent chance that we're going to see more bullish price action in the coming weeks. Target for the current move would be the top resistance of the triangle, around $16. Happy trading!
Long
by FieryTrading
14
CAKE ( Pancake ) is at Major Support LevelCurrently pancake (CAKE) is trading at its major support level. This support level is very crucial for the CAKE to hold its double digit price. In the past this support level acted as bounce back price for pancake. If you are planning to add some CAKE to your portfolio then this is a good time buy and if the price goes lower then probably you can do DCA after that. You can also get 70+% APY by staking CAKE at pancakeswap exchange. Stay tuned for more updates.
Long
by GreenCryptoTrades
6
CAKE will feed us with 2 Trades !the cake is the best dex and has very much volume on Binance smart chain! It will be excellent in 2022! But here; we have 2 logical strategies and low-risk trades! First; we should enter after a red daily pullback and take profit until upper area ... Then; we should wait for our second trade and watch that when the upper area will nicely break with the great green daily candle! And we can enter it on the pullback and be with it to the previous price and next ATH ...
Long
by KeyvanMehrabady
2
$cake Analysis $cryptocurrencyDear Friend The candlesticks are weak during the weekly period, and with the current situation, if the candlestick closes in the same way, I expect to return to the support and stabilization area in this zone, and then return and climb to the upper areas. Resistance: 12.5 - 13 Support: 10.20 9.4 But it is still too early to make a final decision and we have to wait until the weekend. In daily and weekly time, we have dynamic and static resistance and support, which is shown in the picture. Disclaimer: Information is provided only for educational and exchange purposes only. Do your research before taking any action or decision in the real market.
by seperslp
1
CAKE should not break below current volume supportCAKE should not break below current volume support. There is a huge lack of volume below what can lead to a fast down movement, if this volume support does not hold. A confirmed breakout of the price and volume resistance in reverse would finally lead to new ATHs. What do you think about that? 😎 Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison. *no financial advice do your own research before investing
BINANCE:CAKEUSD
by Crypto4Everybody