BUY BACK OPTION ON CAKEUSDTDid you miss the first buy opportunity on CAKEUSDT? If your answer to this question is Yes, then you are not yet missing out. This analysis on CAKEUSD T shows that you can still acquire yourself some cake and make profit. What do we have? We have very interesting price action.
- Market broke out the symmetric triangle
- Break of structure
- The end of a complete retrace
- And also we have the W pattern. After a W pattern, we expect the market to retrace back to the neckline and continue the move the upside, thus completing the impulse correction impulse (basic market concept).
It is also interesting to not, that the demand area that was found by the market, is in confluence with the 61.8% of the Fib, which is considered by some traders as being the golden ration of trading.
So if you missed the first buy (Orange Zone), you can still buy once more or add the cake to your bag in view of making some profit on the coin.
N.B: Make sure that you make good use of money and risk management beause of the volatility of the crypto currency market. This is not a financial advice. make sure to do you own research if possible.
CAKE
CAKE is getting ready to reach the MOOOOOOON!In this chart, you can see a clear downtrend that seems to be broken and there is a pullback on the same downtrend line. Also, the good news is a really strong SUPPORT about 16.5$.
On the other hand, a nice HL is happened (17.2$). So we can wait to will occur a HH in the feature.
btc usdt hourly chartBitcoin Consolidation Continues, Avalanche Touched $100, Breaking New ATH (Market Watch)
Following the past few days of enhanced volatility, bitcoin has calmed around $64,000. Most alternative coins have also remained untypically stagnant on a 24-hour scale, with the apparent exception of Avalanche, which went on a roll and registered a new ATH.
Bitcoin’s Consolidation Rolls On
Last week was going quite well for the primary cryptocurrency as it had recovered from its dip to $60,000 and went on to chart new records. It broke the October peak of $67,000 on Tuesday and did it once more a day later, with the latest ATH standing at $69,000.
However, it couldn’t continue north. Just the opposite, it slumped by $6,000 in a day and dropped below $63,000.
The asset bounced off initially and reclaimed $65,000 before another price decline drove it to a weekly low of just over $62,000, as reported yesterday.
Since then, BTC has recovered some ground and touched $65,000 a few hours ago. However, it failed to remain there, and another multi-hundred dollar retracement has driven it to just over $64,000.
CAKE/USDT: Daily Timeframe, Traget is $114 end of the year The cake is at its most critical time. CAKEUSDT daily chart forms a triangular pattern And it fluctuates between two important Fibonacci levels for more than 2 months. If cake breaks triangular pattern upward, Targets are $31 and $44
If the bitcoin reaches $100,000, CAKE can reach $114
CAKE has high potential to grow, just buy if...!Hi dear followers, CAKE token is undervalued in my idea and there is a big move ahead for this token.
At the moments this token is completely in a downtrend as u can see, There is possibility for more falling before going up.
Where is the best place to buy?
If you want to buy this coin, The most important thing is to wait for breaking up the downtrend trend line. Buy after breakout and re-test.
ATH is easily in access for this coin and until end of the year.
CAKE head up to $35#CAKEUSDT
$CAKE broke out from descending resistance and confirmed it as support.
also price is above long term support zone and head up toward resistance zone between 0.5 and 0.618 fib of correction wave.
as trend lines and fib levels show, break out from this resistance zone will lead price toward 1.618 and 2 fib levels around $32 and $35.
CAKE/USDT Daily Support and Resistance Zones Targets 10/29/21CAKE is in Range, forming a bullish pennant in daily timeframe, while all coins are in Bullish mode this last days, CAKE didnt do any significate movements.
Support and Resistance Zones marked in RED/GREEN Boxes
% calculated to every zone.
Be aware this is a daily time frame analysis, medium term trade.
My entry is at 18.04 USD
SL at 16.90, and moved to entry price after 10% up.
Will update as the trade happens.
Trade Safe.
Regards.
P.D: Remember that BTC dictates the market.