CAKEUSDT - Waiting for a breakout
Buy after breakout and retest. 100 % profit possible
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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...
Hello friends.
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Everything on the chart.
open pos: market
target: 26 - 30 - 35
after first target reached move ur stop to breakeven
stop: ~15.5 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 3
Good luck everyone!
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#CAKE/USDT TA update:-
$CAKE currently trading at $20.5
Bullish as per chart.
Buying above $18.5-$20.5
Targets:- $27/$43/ATH
Stop Loss:- If any daily candle closed below $18
Support:- $18/$11
Resistance:- $27/$43
#DYOR
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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.
Cake is in a correction of approximately -70%, it has been in an accumulation phase since the end of May.
We can also see that it is below the 200 EMA and the volume has not increased significantly. So we need to break that 200 EMA at roughly $ 14 to see a bullish scenario.
If we assume that Bitcoin resumes its bullish path I see no doubt that Cake's next target...
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 ..
if i...
Here are the support and resistances for CAKEUSD. We are in uptrend on the daily time frame as long as we are above 21.70. Next week looks super bullish for CAKEUSD.
Cake As for the falling wedge/ bullflag after 6 weeks in an uptrend. Confirm break out before entering. Targets work while using technical analysis and pattern trading. Short term, mid term and long term targets.
