Not looking too good for CAKE, need to bounce on the lower trend line then break out on the upper. Probability is low for this to occur in the short term (upside within 1-2 weeks). I would sell for coins with better upside in the short term
Testing technical analysis on Crypto
The price is testing the bottom for few days and now the price had a breakout from the trendline. IF the price will have a breakout from 4h resistance, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue...
After a flying start, CAKE has died down a little. Over the course of the last week CAKE has shown small signs of recovery: the low of around 8.30 seems to be the low for now. With Bitcoin and many other crypto's on the rise, it's to be expected that CAKE will soon see some more bullish price action and break-out of the channel. Before entering this trade wait...
Look's like CAKE is breaking up from a descending triangle, can we see a restest of the All-time Highs or a 20-30% move up?
path will continue support break and more fall is coming
CAKE has been printing lower lows since its Binance listing and has now formed a reversal pattern with higher lows beginning to emerge. Looking at various charts similar patterns can be seen as a launch pad for much greater gains. MACD on the 4 hourly is crossed over in an upward swing as are the 20 and 50 day MA's now crossed upwards showing momentum is shifting...
CAKE has huge potential. ⭐ CAKE broke out of the falling wedge with very strong volume. It dind't hit the target yet, but has stabelized very well. We had 3 points of contact at 13.171 our new resistence. Once we break out of the resistence line with good volume we should see a huge pump to the upside. Be carefull, we might see a throwback after breaking out of...
still waiting, best price to buy around 8-9 , just waiting