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CAKE

Ascent or descentIf we look at the chart, we see that a long-term downtrend line is pushing the price down . But in the meantime, we see a support.The trend line and the support form a descending triangle Trading volume also confirms that it will be a downtrend.If this happens and the price goes down, the most important support will be in the range of 11.09 , But if buyers perform a miracle and break the downtrend line, the price can rise significantly. This is not a financial recommendation. This is just a technical analysis.
Short
by mehran_analyzer
CAKEUSDT Technical Analysis ⏳ Spot 💎 CAKEUSDT Has formed a Flag pattern. the price has got rejected from the support zone. The large green candle shows us that the price has potential to go higher. 🏁 Short & Medium Term 💵 Invest Only 5% of your Portfolio 🎳 Entry at market or 16.15 ☕️ TP1 20.45 🍺 TP2 24.25 🍻 TP3 28.30 🍾 TP4 _____ 🍷 TP5 _____ 🍸 TP6 _____ 🍹 TP7 _____ 🎁 TP8 _____ 🚫 SL 15.30 Good Luck 🎲 Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️ Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. We will have more FREE forecasts in TradingView soon Have a Profitable Day
Long
by Fibonacci-Signals
4
🔥 CAKE Reversal: Bullish Move Continued?Since my last CAKE call, CAKE has gained over 20% in value. The reversal area did indeed mark the low for the short term and the $21.5 target was reached with ease. As of now, we're trading near the 0.236 Fibonacci retracement. CAKE is trying to pierce through it, but facing strong selling pressure. We either pierce through the resistance in the coming couple of hours, or we might re-test the 0.382 retracement to try again later. Target for the next week is placed at $26. Happy trading!
Long
by FieryTrading
6
CAKE/BTC buy opportunityHi followers, CAKEBTC formed nice triangle which already broken to the up side, Then retested the broken area again, with higher lows formed, suggesting more up side potential move. Don't forget to manage your risk! 👌 Good luck and trade with care 🙏 If you like my content - 👍 Like, 💬 comment, 👆 follow and 👉 share! ❗❗❗ Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only!
Long
by FradkinXBT
3
Cake to 36.86 $ USD?In my last analysis we were able to observe a triangle that was invalidated as a result of the market crash, however not everything is negative. This fall managed to show us a bullish channel in #CAKE which is very positive. Within this new bullish channel we have a new triangle that should break no later than the beginning of October and would have as its main target $ 31 and then $ 36.86. If the market remains bullish, I have no doubt that Cake will have a big rally, assuming that we are days away from its first anniversary and that every Monday there is a burning of tokens that represents 1% / 3% of the current supply. #Cake #Pancakeswap
CLong
by TheLuckyLeandro
CAKE/USD - Correction continues, for now. 😅CAKE did we, very well early this year. However since May CAKE is correcting and I don't see this changing anytime soon or not until we penetrate the resistance. :) For now this chart is bearish and I don't exclude a re-test of support before any sustained gains can be achieved. For that we also need the overall market to heat up. That will help CAKE. The indicators also show mixed signals right now, so best to stay away from this right now. Like and follow if you liked this idea!
C
by DU09
PANCAKESWAP/CAKE : SWING BULLISH IMPULSE READY | LONG SETUP 🔔Welcome back Traders, Investors, and Community! Check the Links on BIO and If you LIKE this analysis, Please support our Idea by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Have a Good Day Trading !
Long
by FOREXN1
8
🔥 CAKE Closing In On Reversal Area: More Pain To Come?CAKE has seen a tremendous run up during the bullish move during August and early September. At the moment, CAKE (and many other cryptos) are facing some difficult times since we had a very strong correction this week. As it looks now, it seems we're not done yet. It looks like there's another bearish wave on the horizon. For the bearish case, I've marked the green reversal area on the chart. This area is located between the 0.5 and 0.618 retracement lines. I'm expecting the price to reverse from that area. So, in case you'd want to load up on CAKE, I suggest buying in that area. DYOR. The reversal's main resistance is based at $21.50, a bullish move beyond that level could indicate that the correction is over. Longer-term target at $26. Happy trading!
Long
by FieryTrading
5