Taking profit on CAKE/BTC after a 220% rise from entry. Yes, we broke its previous ATH, but there are two good reasons for being bearish. 1) Bearish divergence across the board (volume & RSI). 2) We should backtest that previous ATH (red line) as support. BTC, ETH, and others consolidated around their previous ATH's for a while before making another impulse up....
CAKEUSDT Cake 4h chart a big picture make you understand more! $40 price is short-mid term price ( i think $100 maybe is ok :D ) THIS IS NOT A SIGNAL !!! just a simple analysiss
Tried to catch a few falling knives recently with BTC dumps, CAKE is one I caught, whoever got it at $22... THUMBSUP! The question here is to take profit or continue this potential ride. We have sold a lot with BTC, if we were to go sideways here for a bit, it makes sense for CAKE to hit $30, that will just be the nature of how ALTS react to neutral or bullish...
tight trigger on the 15 min, its going up long at 25.89
Buy the breakout and hold it for $50 Target
Cake is coming to our buyzone, keep and eye on it
$CAKE Showing 1st UCTS 1D Buy Take it or leave it #CAKE
Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also ask for the "Like" clock. Have a good day. ---------------------------------- Shortly after the chart was created, the support and resistance points are weak. Check only the flow of the chart. You should watch for any movement that deviates from the...
Wassup One more Flag pattern Check CAKEBTC. There is an interesting formation for you. The price followed trend and broke resistance after consolidation. Possible retest of new support zone is expected. So follow the chart and look for the best price to enter carefully. _____________________________________________________ If you enjoy my FREE Technical Analysis...
Both the BTC and USDT pairs have swept intraday demand. There is still some untapped daily demand on both, so if we reject and make lower highs at the respective red regions, the blue regions are my target entires. Otherwise, we keep pushing above the red, hopefully with a quick retest, before we pump into Price Discovery.
cake have good support on 15$ and until breakout tringle it can be 30$
Cake has gone through the biggest hurdle now and did really good when almost every coin dropped 5-10% last evening. It seems that their is a high probability that cake reaches around 40% gain coming days. Good money, especially if you stake cake with 250-300% apy. measurement from current point until highest resistance point is 39%.
it will follow one of those paths but all the way will have the same end. ıt is normal to see h&S or cup and handle during rising. So if you feel it will not break that resistance you can take profit.