Will $cake blove minds?The NASDAQ:CAKE , which is the official token of the most familiar decentralized exchange on BSC (Pancakeswap), is now broke the symmetric triangle on its USDT chart from the top side. Taking into account exciting fundamental news about launching Pancakeswap V4 in a couple of weeks, I think it will
CAKEUSDT Potential DownsidesHey Traders, in today's trading session we are monitoring CAKEUSDT for a selling opportunity around 2.17 zone, CAKEUSDT is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 2.17 support and resistance area.
Trade safe, Joe.
CAKE/USDT | Rising Wedge ⇒ Supply-Zone ShortCAKE/USDT | Rising Wedge ⇒ Supply-Zone Short
Building on Prior Success
Following my May 1 CAKE/USDT forecast—view it here:
—which itself was rooted in the April 6 trend-rebound call that delivered a 38% gain:
📈 Market Structure
Pattern: Well-defined rising wedge since early April (blue
CAKEUSDT Pump📊 On the 4H BINANCE:CAKEUSDT chart, price has broken above the mid-term channel resistance and is currently pulling back. If the support zone holds, there’s potential for continuation toward higher resistance levels. A bullish reaction from the 2.299 USDT area could validate the next leg up.
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Ready to the moon Well, as you can see, the daily resistance has formed a box and if this area is broken, the range from the top to the next daily resistance, which is about two points, will be 8 targets. This is not an investment recommendation or a buy or sell signal. Check it out for yourself and follow capital an
CAKE/USDT | Rising Wedge ⇒ Bearish ReversalCAKE/USDT | Rising Wedge ⇒ Bearish Reversal
Following my previous CAKE prediction—which delivered a +30% gain—the pair now looks poised to turn bearish again.
📈 Market Structure
Pattern: Rising wedge from April lows, with price compressing into higher highs and higher lows under converging blu
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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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