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CAKEUSDT - BULLISH REVERSAL OR TRAP? - EXPECTING SELL OFFSymbol - CAKEUSDT
CMP - 2.570
CAKEUSDT is currently experiencing a false breakdown of critical resistance levels, indicative of a bullish rally. The potential further decline in altcoins may be influenced by Bitcoin's ongoing weakness. Technically, the movement in CAKE appears to be a counter-tren
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 level
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
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
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current price of CAKE / TetherUS (CAKE) is 2.662 USDT — it has fallen −0.57% in the past 24 hours. Try placing this info into the context by checking out what coins are also gaining and losing at the moment and seeing CAKE price chart.
CAKE / TetherUS price has risen by 5.86% over the last week, its month performance shows a 17.39% increase, and as for the last year, CAKE / TetherUS has increased by 29.10%. See more dynamics on CAKE price chart.
Keep track of coins' changes with our Crypto Coins Heatmap.
Keep track of coins' changes with our Crypto Coins Heatmap.
CAKE / TetherUS (CAKE) reached its highest price on Apr 30, 2021 — it amounted to 44.278 USDT. Find more insights on the CAKE price chart.
See the list of crypto gainers and choose what best fits your strategy.
See the list of crypto gainers and choose what best fits your strategy.
CAKE / TetherUS (CAKE) reached the lowest price of 1.050 USDT on Oct 18, 2023. View more CAKE / TetherUS dynamics on the price chart.
See the list of crypto losers to find unexpected opportunities.
See the list of crypto losers to find unexpected opportunities.
The safest choice when buying CAKE is to go to a well-known crypto exchange. Some of the popular names are Binance, Coinbase, Kraken. But you'll have to find a reliable broker and create an account first. You can trade CAKE right from TradingView charts — just choose a broker and connect to your account.
Crypto markets are famous for their volatility, so one should study all the available stats before adding crypto assets to their portfolio. Very often it's technical analysis that comes in handy. We prepared technical ratings for CAKE / TetherUS (CAKE): today its technical analysis shows the buy signal, and according to the 1 week rating CAKE shows the buy signal. And you'd better dig deeper and study 1 month rating too — it's buy. Find inspiration in CAKE / TetherUS trading ideas and keep track of what's moving crypto markets with our crypto news feed.
CAKE / TetherUS (CAKE) is just as reliable as any other crypto asset — this corner of the world market is highly volatile. Today, for instance, CAKE / TetherUS is estimated as 2.16% volatile. The only thing it means is that you must prepare and examine all available information before making a decision. And if you're not sure about CAKE / TetherUS, you can find more inspiration in our curated watchlists.
You can discuss CAKE / TetherUS (CAKE) with other users in our public chats, Minds or in the comments to Ideas.