PancakeSwap #CAKE to 31 $ ?After seeing how the target of $ 25 was perfectly met as I mentioned in my old publication, we can see again the formation of a triangle, which should break up at the end of this month, obtaining as a target $ 31 that would represent the 61.80% fibo of the May correction.
However, I believe that if the market remains bullish and we continue with the respective token burn, we will be able to see an even stronger momentum up to $ 36.86 which represents the 78.60% fibo.
Cake is undoubtedly one of my biggest bets in the remainder of the year and I hope to see it reach high prices, which I will share with you later in my next reviews.
CAKE
i don't give advices ..i 'm just sharing my opinionhello, i hope you all guys making good profits
as we saw last time it went like we expected , and i'v entered the market again on 22$ average .
Now it's possible to be a retest of its up-trend break ,so i took out my capital on 25$ and i'm continuing with the profits until it gets clearer , in case it goes down again i will look for a new enter area ..
if i see 4h candles closing above 25.200$ i'll wait a correction to reenter
in the end .. i have to keep my capital safe...
if you have another vision ,just share it in the comments..
IF YOU WANT TO SUPPORT ME JUST FOLLOW ME THAT WILL ENCOURAGE ME TO SHARE MORE IDEAS WITH YOU ..
🔥 CAKE Recovering After Minor Sell-OffAfter the huge reversal mid-August, CAKE was one of the biggest gainers for over a month.
However, the $26 resistance seemed too hard for the moment, which led to a minor sell-off.
With the crypto market seeing huge returns as we speak, CAKE is well on its way to receover from the prior bearish move.
I'm waiting for CAKE to close the day above $26 before entering a trade. Target would be $30 for the upcoming move.
Happy trading!
MATIC/USDTOh my GOD, I forgot to shared with you my last MATIC trade. As you see, the head and shoulder pattern was broken and now we must leg to the moon.
Crypto Market 04/09 : Cake has completed price point 24.227 Dot has completed price point 32, soon to target 31.3
the technical chart of DOT is growing well and may reach 31.3 in September.
my old chart of CAKE on Aug 12
Cake-USDT updateCake has had a great growth from 10BUSD to 26BUSD and needs some rest, just like BNB. cake has been lost its ascending channel and is ranging between 22.1-24.3. Next growth is expected after breaking 24.5-26.5 BUSD
Cake looking solid Cake is looking solid. Volume is good and the overall
the market is also supporting the trend.
Waiting for 26.55 to break.
Targets:
29.33
32.54
35.54
CAKE Short trade idea sell on the break of TLSell Cake USDT on the break of TL with good risk reward ratio
CAKS USDT Short IdeaCake price is touching the lower support of the Channel. If it can break and close below on the retest we can go short with good risk reward
BAKEBUSDI was BAKing my BUSD in BINANCE for doubling it, I think this is one other LONG opportunity with R&R 2.1 at the TP0.
CAKE, a long term vision. CAKEUSDTHello my friends, A multi timeframe analysis of CAKE and a long term vision for investment. The price breakup the major resistance and usually after that will pullback to level as a retest. So If the price fixation in this area I expect price growth. You can consider it and the price actions in the circle to buy it. Good luck
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Write your comment and opinion below for me
CAKE LONG?Cake usdt moving in a channelbuying zone is marked in red there's a diagonal support stop loss is mentioned as well.
CAKEUSDT 1day chartThe cake is currently testing the red zone area for the upward rally, once it breaks, we can see the good move up a rally in it. In case of failure of the test, the lower zones for buying points are the market. Buy the breakout of the red zone area, This will pump cake harder. Wait for the confirmation!
Note: I'm, not a financial advisor, do your own research.
CAKEUSDT : TP1 Reached ✅🚀 +21% ✅🚀Last Analysis of #Cakeusdt in 16.Aug.2021 : As we can see, after breaking its downward trend, the price is gathering strength to start a strong climb.
In order to buy, the SL (stop loss) and capital management must be observed.
All resistances and TPs (take profits) are marked on the chart.
(DYOR)
Now : TP1 Reached ✅🚀 +21% ✅🚀
CAKE Consolidates Within Ascending Channel, Eyes Breakout to $28-CAKE has risen 27% over the last week
-Price has been stuck within an ascending channel
-50MA has held as support for a month
Pancake swap has been in a strong uptrend for nearly a month. The rest of the cryptocurrency market has been going berserk as many coins have been surpassing their all time highs. CAKE has been working its way up to its major resistance zone ever since the start of August. Compared to other coins in its class, CAKE has yet to fully breakout and experience a parabolic push. As long as BTC stays steady, CAKE should soon experience a large parabolic push back near $30.
Shown in light blue, we can see how price has respected the ascending channel extremely well over the last month. It has kept price very tight with little swings. Each time CAKE has touched either trend, it has gotten pushed to the opposite. At the time of writing, CAKE is attempting to breakout of the top trend line of its channel. Along with this top trend lies the major resistance area found at $24.56-$26.53. If Bulls manage to clear this zone along with the top trend line, we may see CAKE surge to its given targets.
Consolidation within this resistance zone is likely to occur as its one of the largest areas to break for CAKE to go parabolic. In this case it fails to hold this resistance zone, price will first find support at the bottom trend of its channel. This area is also near a major support level of $22.98. If bears push price down to this level, there will likely be some type of bounce. In addition to these two supports lie the 50MA. This MA has held price up for a month. If at any time CAKE breaks below this, expect a downtrend to occur.
While looking at the Stochastic RSI, we can see that strength is hanging out within the over bought territory. CAKE must break out of its channel soon or it will begin to lose strength. Breaking below the 80 value will likely cause a retracement to occur. The RSI has been attempting to break a downtrend line for many weeks now. For CAKE to really see some explosive growth, price must fully break this downtrend line & aim towards the overbought region.
CAKE Intraday Analysis
Spot rate: $25.33
Trend: Bullish
Volatility: High
Support: $24.56
Resistance: $26.53
CAKE/USDTCAKE/USDT - going to long, as long as I am going to hold it, I am gonna put this to the farm for staking, until trend's gonna change
CAKEUSDT: BREAKING DBW PATTERN, FAKE BREAKOUT/ CONTINUE BULLISH?Hello Traders. Here's free outlook for you! Don't forget to smash the LIKES, COMMENT, and FOLLOW button to support the channel.
UPDATES FOR CAKEUSDT:
CAKEUSDT is breaking descending broadening wedge pattern, the momentum indicator is pointing up in the oversold area, indicating that CAKEUSDT is potentially continue moving upward.
The roadmap will be invalid after exceeding the support/target area.
DISCLAIMER:
This is only potential outlook, not a recommendation to buy/sell the cryptocurrency.
CAKEUSDT: DESCENDING BROADENING WEDGE, THE BULLISH OF ALTCOINS?Hello Traders, Here's a free outlook for CAKEUSDT. Don't forget to smash the LIKE, COMMENT, and FOLLOW BUTTON to support the channel.
CAKEUSDT is forming bullish continuation pattern, breaking descending broadening wedge pattern, potentially move to the resistance/target area.
The roadmap will be invalid after exceeding the support or target area.
Cake going for 24 and then 32We have a double bottom and a hidden divergence at 4h timeframe and a beautiful double bottom at 24$ in daily timeframe which take us to 32$
CAKE going down. H&SCake going to down . Right now it’s clear H&S. Entry and target showed on pictures. Not financial advice. DYOR
CAKE - What's Next? 🧐Cake has been on a bullrun since we saw the triple bottom in late July. We have been steadily climbing but we have now gone away from the ascending trendline in the form of an ascending correction = reversal pattern.
If this ascending correction breaks down completely, we might see a deeper correction heading back down to the $16 where we have previous structure. If its a small retracement, look for a bounce off the ascending trendline.
CAKE - What's Next? 🧐Cake has been on a bullrun since we saw the triple bottom in late July. We have been steadily climbing but we have now gone away from the ascending trendline in the form of an ascending correction = reversal pattern.
If this ascending correction breaks down completely, we might see a deeper correction heading back down to the $16 where we have previous structure. If its a small retracement, look for a bounce off the ascending trendline.
