Noob analysis of CAKECAKE could be forming a compression triangle.
Today, we are testing the support and in some days, we could be testing the resistance and maybe breakout to new ATH.
The current support could be a good entry point.
CAKEUSD trade ideas
CAKEUSD - BUY SIGNAL - 2HrPancakeSwap ( CAKEUSD ) - BUY SIGNAL _ 2Hr
Source - Triangle Pattern
Risk : Reward - 1 : 2
Get Ready to Dive with Bull Run.
CAKE/USDT Ready for uptrend and $70 Potential form here#CAKE/USDT TA Update:-
$CAKE currently trading at $37.80
And $36 is very strong support to hold bull.
Entry:- $36-$37.85
Targets:- $43/$50.60/$58/$70
Stop loss:- I will update with trend.
Support: $36/$32/$28
Resistance:- $43/ Moon
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CAKE - Possible bullish flag breakout coming!BINANCE:CAKEUSD
CAKE is forming a classic bullish flag a breakout imminent with strong potential for an upside breakout around May 10th.
If we break through the resistance we faced at $44.21, I'm setting our first target at $72.71.
However, my fib retracement did put our top target at $131.41
What do you think - am I onto something? Drop a comment and let me know your thoughts!
CAKE is a BUY, Target is $50, 30% gainCAKE is found support at the RED support parallel channel trend line and at the 0.786
Looks like a great entry for target of BLUE upper support trend line over the weekend.
Good Luck
CAKEUSD - 1Hr - BUY SIGNAL PancakeSwap ( CAKEUSD ) - 1HR - BUY SIGNAL above $40.51 | Source - Trend lines & Triangle Pattern | Risk : Reward - 1 : 3 | Get Ready to Dive with Bull Run.
CAKEUSD GRAFİGİ (sorulduğu için paylaşılmıştır)Yükselen kanal içerisinde hareket ediyor. Sürekli ATH yapıyor. #BTC bozmazsa Mayıs ortasına doğru 60 usd yi görebilir. Kanalın yukarısına doğru kırılım olur ve tutunursa alım yapabilirim. 2 usd seviyelerinden beri takip ettiğim güzel kazandıran bir coin ve proje
CAKEUSDT (Sorulduğu için paylaşılmıştır)Yükselen bir kanal içerisinde devam ediyor ve sürekli ATH yapmaya devam ediyor. BTC bozmadan kanal içerisinde devam ettiği sürece Mayıs ortasına kadar 60 USD görebilir.
Expecting CAKE to continue to trend down till we have 200 EMAWe originally published an idea narrating the path for $CAKE to head to $40. We also drew a trendline showcase the price progression.
Now that $CAKE broke past $40, we are expecting $CAKE to continue to trend down and bounce of 200 EMA for support.
Cake 4.30.21More room left in the tank but could be worth waiting for a pullback to the trend line. i still think BNB is cheap too.
CAKE touch the high we will see 46$ ?Cake test the high in 36.47$ we will take buy position in 36.55$ TP 45$ SL 32.7$
risk 10% Profit 25%
can back to the up trend so if u are already in buy position take 30% of profits
Expecting $CAKE heading to $40CAKE broke out resistance line, was trading an in uptrend channel, based on fib extension, we are probably go retest the trend line break out and head to the $40 fib level.
A clear indication as to why this is a bullish up trend I have 0 experience doing TA
If you listen to me you are retarded
:)
Bullish on CAKEIn my personal opinion, $CAKE could go up to 37$ in mid-term.
As we can see, even though the market dropped we touched the bottom line of the parallel channel and now we are riding the reversal patterns.
Pitchfork is showing us going straight up through fibonacci levels. We should withstand the support line and aim for the middle line of the parallel trend channel.
In case we fix in the middles, there is a high probability of us touching the upper side of the channel, which could lead up to 37$ level.
Goals: 24.7 - 26.7 - 28.3 - 33.7 - 37
SL: 21.2
CAKE/USDCake seems like a perfect Elliot wave set up. I've noticed when BNB is in an upward trend, cake is following. Going short to medium long.
