CAKE
#CAKE/USDT#CAKE
The pair has been moving in a descending triangle since April 2022
The price broke the upper border of the triangle
Supported by the momentum of the Moving Average 100 that is about to be broken
Oversold on MACD
It is expected to break the Moving Average 100, heading toward upward targets
The price now is 20.2
The first goal is 90.4
Second goal 9.30
Which represents 400% of the current price
Support and resistance points must be taken into account as there are possible corrections that may take some time during the rise
✅Thank you, for more ideas, hit 🚀 and follow 🤝🛎!
CAKE - Good Short Trade #CAKE/USDT #Analysis
Description
---------------------------------------------------------------
+ Cake is showing overall weakness as it recently formed a lower low.
+ There is a good opportunity for short trade as the overall market is looking bearish
+ We can enter a short trade once the price breaks the support.
---------------------------------------------------------------
VectorAlgo Trade Details
------------------------------
Entry Price: 4.192
Stop Loss: 4.563
------------------------------
Target 1: 3.958
Target 2: 3.761
Target 3: 3.426
------------------------------
Timeframe: 4H
Capital Risk: 1-2% of trading capital
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Cakeusdt... Tecnicall analysis Cake based on Fibonacci has a good place to grow. And it climbs to high areas along with the fluctuation.. I envision high goals for it .If you remember, the cake could not reject the resistance in the past that I analyzed. Because it could not break the downward trend. But now it is different from the past, it is completely in an upward trend. And it can grow several times. Reflect on 6️⃣1️⃣8️⃣ Fibonacci.🎂
#GAMEFI is a winning Crypto category along with #AI & #MEMESTherefore will produce the best returns
(along with #DEFI again)
To simplify investing
how do we take advantage of #CZ being forced to step down, fined, publicly flogged
His crime running the best crypto business in history.
Invest in a #BSC project that could 10X in rapid fashion
Got the best ticker
on CZ's public blockchain
and can be bought with a DEX on pancakeswap
***** I just found this , and I am ignoring the rapid price runup
this is not the time to be looking for DEEP pullbacks
PANCAKESWAP #CAKE Bull Flag pointing to ~ $7Cake is the yield farming incentive token and major LP pair on Pancakeswap
And was a major winner in the last cycle
People were buying Rolex's off cake rewards from pools alone!
So it's bear market is clearly over.
And the chart appears a #DEFI season is upon us.
Current price action suggests a Bull flag.
Entry points matter - but bull markets correct mistakes if you are long.
Good luck to all.
CAKE has broken its weekly MA100 that is a strong bullish signalPancakeSwap ( BINANCE:CAKEUSDT ) has broken above its weekly moving average 100 that is a strong bullish signal. We are hours away from the confirmation of this signal when this weeks candle closes above the weekly MA100. Later on, after a possible pull back to the moving average it will continue its way toward much higher price targets as the way above is very much clear. Only if you try to leverage the ichimoku indicator you would notice that there is a small resistance caused by the lagging span which is right now below the red massive weekly cloud. As soon as the lagging span is freed on the weekly BINANCE:CAKEUSDT is on a parabolical journey towards its all time highs. We are talking about at least 12x profit from here if you consider buying and holding for a longer time when it reaches its previous all time highs. Of course, it can potentially even go higher than that. So keep an eye on the BINANCE:CAKEUSDT in the upcoming week and wait for the confirmations to get into the trade. Good luck.
CAKE can go to the bottom of the rectangleCAKE can go to the bottom of the rectangle again before it continues to to up
🔵Entry Zone 3.021 - 3.128
🔴SL 2.6264
🟢TP1 3.3490
🟢TP2 3.6706
🟢TP3 4.5688
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you liked our ideas, please support us with your likes 👍 and comments.
🎂💹 CAKE Trading Strategy - Laddering Within Support Zone! 🚀📊🔍 Strategy Overview:
Condition: Testing the $3.00 - $3.15 support area.
Entry Criteria: Ladder entry within the support zone.
Targets: Aim for the next resistance levels at $3.45 or $3.65 - $3.80.
Risk Management: Set stop-loss just below $2.80.
📢 Analysis: Utilizing laddering within a strong support zone provides flexibility. Keep an eye on market dynamics and adapt as needed. 🌐🚀
#CAKE #CryptoTrading #RiskManagement 💰📈
CAKE IS VERY BULLISHFrom somewhere on the chart, we entered "start", a bullish diametric has been formed, and now we seem to be in the bullish wave E.
This diametric is very strong and bullish and is expected to continue until $6.8 - $7.0.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
CAKE will continue to go up after the Flag breakoutCAKE will continue to go up after the Flag breakout.
🔵Entry Zone 2.798 - 2.727
🔴SL 2.577
🟢TP1 2.933
🟢TP2 3.200
🟢TP3 3.400
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you liked our ideas, please support us with your likes 👍 and comments.
Polly, pick up the crumbs of CAKEWell hello there!
I mUst say that the previous review
moderator tip - its a STORY, not an fin advise
was not entirely correct, or rather completely erroneous, because the price movement occurred in the other direction.
I suppose this is the machinations of the cunning goblins who took away the cookies they had accumulated from the hoarding dwarves during the Last Bear Massacre.
In their dirty little hands, the CAKE chart has transformed into something different and alien to our mind, because we are all used to 1-3-5 growth, and here we see only two impulse waves. Where is the fifth, where did you put it, you vile goblins? "you'll never figure out our trick white lady hehe hehe"
BUT I DID! we growin' via ZigZag ABC!! Isnt it a relevation?!
Here's the goblin chieftain's head, Your Grace, and here'z thy bag of CAKE they stole. The cookies are a little moldy, but if we introduce a fashion for moldy cookies, thy citizenz will buy it, Im sssure.
I suggest buying all cookies at 1.397-2.041 coin per CAKE, so that the average is 1.7, and we will wait for the price to rise to 15
that's the end of the fairy tale and who listened - well done :)
Az usual - understandin' thy idea obliges you to press thy missile button (let them firez in da chartz only)
if u find its silly - my regredz ;)
CAKE buy/long setupThis symbol has a structure that can pull back upwards. We have an ascending CH on the chart and the TL (trend line) is broken.
I marked the TPs on the chart. When the price reaches tp 1, place the stop on the entry.
If CAKE reaches the white FVG range, we will look for buy/long trades.
Do not enter the position without setting stop and capital management.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
CAKEUSDT.1DBased on the given market data, the CAKE (PancakeSwap) is currently trading at a price of $3.015 against USDT (Tether).
Looking at the 4-hour chart indicators, the Relative Strength Index (RSI) is 56.74, suggesting a slightly bullish market sentiment. The Moving Average Convergence Divergence (MACD) is at 0.025, suggesting a bullish trend. However, the price is below the Bollinger Band (BB) upper limit of $3.170, indicating that the price could potentially rise. The resistance levels are $3.328, $3.814, and $3.840, while the support levels are $2.759, $2.436, and $2.071.
On the daily chart, the RSI is at 55.78, indicating a neutral market sentiment. The MACD is at 0.084, suggesting a bullish market. The BB upper limit is at $3.814, which is above the current price, indicating that the price could rise. The resistance levels are $3.997, $4.700, and $5.132, while the support levels are $2.720, $1.878, and $1.767.
On the weekly chart, the RSI is at 63.47, indicating a bullish market sentiment. The MACD is at 0.303, which is a bullish signal. The BB upper limit is at $3.978, which again indicates that the price could rise. The resistance levels are $4.800, $5.597, and $8.740, while the support levels are $0.066, $1.647, and $1.052.
In conclusion, the market data suggests that CAKE is currently in a bullish trend on the 4-hour, daily, and weekly charts. However, investors should keep an eye on the resistance and support levels and pay attention to changes in RSI and MACD for potential trend reversals. Please keep in mind that this is only a technical analysis and does not take into account fundamental factors, and thus it should not be the sole basis for investment decisions.