Hello 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
If you like the idea, do not forget to...
#CAKE/USDT TA update:-
$CAKE currently trading at $20.5
Bullish as per chart.
Buying above $18.5-$20.5
Stop Loss:- If any daily candle closed below $18
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...
So here are the resistances and supports of cake usdt on higher time frames. it is a bit laggy then the rest of the market but will perform better in the coming days as NFT market place will be launched on pancakeswap. hope you like my idea.
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.
Hi All, I recently got interested in CAKE due to yield farming at 86% APY.
I tried to analyse the chart in 1h timeframe and i see a symmetrical triangle pattern. So Watch out for a breakout and a buy/sell in the direction of breakout.
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...
hello, 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 ..
Cake 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
So here´s mi friend BINANCE:CAKEBUSD forming a neat uptrend within a parallel channel which begun on July 21st.
As the overall crypto market led as we know by the BTC-ETH couple regains momentum, $CAKE resumes its own trend, nowadays quoting between 21 (floor) and 23.45 (ceiling).
#CAKE/USDT Profit Update:-
$CAKE currently trading at $21
And Our entry was $11 filled ✅
Now 91% pure profit within a month.
I am still expecting it will hit more TPs.
but I will suggest now you can free your principal amount and hold only Profit.
Entry was $11 ✅
TP1:- $21.50 ✅
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