CAKE USDT on its way to the ultimate lows, see my analyseHello dear friends
An analysis of Cake USDT. On the chart you find all the details. If Cake stays below the black trend line it is very likely to test the ultimate low.
The price has already bounced off the trend line and is on its way to the target. Does Cake break above the black trend line with good volume and stays there then we can go to the upside at around 17 USD. That is the declining black trend line.
So place the stop for shorts above the black trend line and for longs (only if it breaks the trend line upwards) below the black trend line.
Good luck and happy trading!
Disclaimer This is my view, no advice to buy or sell. Also always do your own research!
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CAKE
XMS - Marsecosystem Governance Token is at good spot to buyMarsecosystem.com is a Defi platform that it's goal is to become a central bank in defi world. If you go and see their site you can see some farms and pool that nowhere else you can find those APY/APR. In recent days they did 3 events that they called them Genesis, so they mint some XMS and BUSD to make their stablecoin (USDM) which is listed on Coinmarketcap.com. we saw a hard fall price and bearish trend for XMS, but now USDM is overpriced and become stable. If you check XMS MCap vs USDM MCap then you will see a huge difference that which is cause XMS must support USDM so this means, XMS price have a very good price gain potential even over 5$-10$
If you look at it's chart you can see it has a strong support at 0.29 and it bounced from it. RSI is below 30 and MACD is under 0. I Think this is a very good chance to buy XMS and stake it! cause you can gain from XMS price up and get cake/eth/btc REWARD too cause in this market the best and safest choice is staking.
Please go and research youself and buy on your own free will. I did it myself today, good luck guys and have fun.
$40 CAKE in December? Thank you Santa!
Nice multi-week flagging structure ready to breakout.
New ATH is possible.
Precondition:
- Orange zone has to hold.
- We have to break out of the descending channel.
- Price might retest the negative trendline upon break.
Buy inside the Orange Zone.
Sell inside the Red Zone.
NFA/DYOR please.
CAKE update$ 10 support worked well ...
I published the support levels in the previous post ...
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If you have any questions, you can write it in comments below, and I will answer them
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Time to get fat on some $CAKEBINANCE:CAKEUSDT I've been holding a small bag of $CAKE on pancake swap while it has been consolidating. It looks like it might finally be following in $BNB's footsteps. BNB has been soaring the past few weeks and it may finally be time for it's dAPPs to follow suit. I am adding more CAKE to my pancake swap bag to gain the extra 70% APY while this swing trade develops. We have basically seen CAKE consolidate for the past 70 days, let's see if it can gain any momentum.
Entry: $20
Resistance: $21-21.50, if we can push over these lvls it can start to run again.
Plan: swing CAKE with PT's beginning around $24.30ish with hopes of seeing momentum to blow past $30.
SL: would start to cut losses if we dip below $19 again, I have been staking for a while so I can afford to hold longer. I will scale out at support levels below $19 looking for first exit if we drop below $18.50 just to be conservative.