💎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...
💎 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...
Technical 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...
cake 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
This crypto has reached the lower trendline and has taken support, It has also broken out from a triangle pattern. This gives us a good point to enter.
Risk Reward Ratio - 3:1.
SL is placed below all time low and support Zone.
Target is placed near swing high.
'CAKE' USDT is making an Ascending Pattern in a 4 Hour TF.
Yellow line is the Trendline Resistance, and for Cake to go Bullish it needs to give a breakout past this line. Next Resistance zone is marked in Grey at 26
Support zone is at 16.80 - 17.80, if there is a pullback, it needs to Hold the price at this range, or else Support would be broken, and we...
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.
We are doing Analysis of CAKE/BTC on multiple Timeframe .
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
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Thanks
Anish kumar
