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CAKEUSDT trade ideas

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.
by MyCryptoParadise_Nathan
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.
by MyCryptoParadise_Nathan
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.
Long
by nikhilbansal
1
Technical Analysis of PancakeSwap 'CAKE USDT' in a 4 hour TF '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 might see a correction, with next support at 15. U can also hold this coin in spot Trade for a short term.
by SuddenBananaaa