CAKE
CAKE: Bulls on the Rise! Potential Breakout Ahead 💎Cake has recently broken out of a resistive trendline and is currently forming an inverse head and shoulders pattern, indicating an increased likelihood of a bullish move.
💎If CAKEUSDT manages to break above the resistant zone, we can anticipate a bullish movement towards the next resistance levels. In the case of a pullback, we might expect a bounce from the bullish OB, which also serves as a demand area.
💎However, if CAKE shows signs of panic selling and breaks down below the demand area, it would be prudent to wait for better price action to form before considering any further actions.
CAKE: Bullish Momentum Builds with W Pattern Breakout💎 CAKE has broken out of a descending channel and formed a W pattern at the FVG and 200 EMA. Additionally, the price has shown CHoCH, indicating an increased probability of a bullish reversal.
💎The price may exhibit a pullback and find support at the bullish OB level, or it may retest the breakout zone of the W pattern before establishing a bullish structure.
💎If the price fails to show any bullish candles near the bullish OB level, it would be prudent to avoid trading CAKEUSDT. Furthermore, if the price falls below the last bullish OB level, we can anticipate a bearish movement in CAKE.
Riding the Sugar Rush: Exploring the Bullish Momentum of CAKEUSDTechnical Analysis:
- Current Price: $2.619
- 24-hour Price Change: +4.39%
- 7-day Price Change: +6.42%
- BOLL Support Price: $2.535
- BOLL Resistance Price: $2.618
From a technical perspective, the current price of CAKEUSDT is $2.619. Over the past 24 hours, it has experienced a price increase of 4.39%. In the last 7 days, it has seen a positive price change of 6.42%. The BOLL support price is at $2.535, indicating a potential level of support, while the BOLL resistance price is at $2.618, suggesting a level of resistance.
Fundamental Analysis:
- Market Cap: $603,194,010
- Token Total Supply: 239,510,025
- Token Circulation Supply: 239,510,025
In terms of fundamentals, CAKEUSDT has a market capitalization of $603,194,010. The token's total supply and circulation supply both stand at 239,510,025.
Combining Technical and Fundamental Analysis:
Based on the technical analysis, CAKEUSDT has shown positive price movements in the short term, with both the 24-hour and 7-day price changes being positive. The BOLL support and resistance prices can be used as potential levels for traders to consider.
From a fundamental perspective, the market capitalization indicates the overall value of the token. The total supply and circulation supply provide insights into the token's availability in the market.
It is important to note that this analysis is based on the provided data and should be considered as a starting point for further research and analysis. Market conditions and other factors can influence the future performance of CAKEUSDT.
Risk Disclosure: Predictions are for reference only, not investment advice. Investing involves risks; please make decisions cautiously.
💡Don't miss the great buy opportunity in CAKEUSD @PancakeSwapTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (4.606).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CAKEUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 65.
Take Profits:
TP1= @ 4.822
TP2= @ 5.076
TP3= @ 5.549
TP4= @ 6.235
TP5= @ 7.138
SL= Break below S2
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cake looking bullish compared to other deficake seems to be holding much better against BTC and other defi projects.
- If indexes drop to support level I think good to slowly DCA into cake around 3.25
to 3.50 support and 0.65 fib too.
- if it breaks diagonal trendline potentially targeting $5 to $6.50 and take profit 1 and 2 targets.
- if this set up fails- stop can be around $3.10
💡Don't miss the great buy opportunity in CAKEUSD @PancakeSwapTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (6.33).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CAKEUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 75.
Take Profits:
TP1= @ 7.24
TP2= @ 7.72
TP3= @ 8.59
TP4= @ 9.99
TP5= @ 11.11
SL= Break below S2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in CAKEUSD @PancakeSwapTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (8.55).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CAKEUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 9.60
TP2= @ 10.38
TP3= @ 11.59
TP4= @ 12.66
TP5= @ 13.48
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
CAKEUSDT LongCAKEUSDT Long
IMO
Give a Like and Feel free to share your opinions in the comment!
Happy Trading 😊
#Cake$ Breakout !!!!#Cake can be traded in trend breakout!! Volume and order book are good, I expect a rise in the long term. It is not financial investment advice.
CAKE in Major Demand Zone!!CAKE has been following the Fibonacci Fan and has been forming a triangle too. Now, it has reached a major demand zone and is going to touch the 0.618 level on the Fibonacci on the daily chart. It might retrace back from here and go for a new higher high. Pancake Swap must be having something good upcoming.
PANCAKE (CAKE) BREAKOUT!!CAke is respecting its pattern and forming a nice triangle and is currently below its best price level
Levels mentioned in chart !!!!
CAKE idea updated.CAKE might be bearish till the end of the week, but the future is very bright. And also, Pancake Swap must be working on another pump too!
CAKE is not the coin to buy right now.CAKE has be following the Fibonacci for a long time now, currently in a downtrend. It bounced back from the 0.618 level on Fibonacci retracement. Wait for it to break out from any side before buying or shorting.
BNB Following Market TrendBnb will continue to grow, especially now that there are many tokens with bnb reflections! also btc bullish is good for bianace lets go guys !!
cake pancakeswapcake is a fast growing coin use pancake swap earn
cake looks to be in ths pattern, i did buy in
