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Cakeanalysis

CAKEUSDT in Buy Zone Area! [Low-risk Setup]Good day, TradingView fellows! I believe $CAKE is testing its support recently. The good buy zone is at $9 to $13. I am anticipating it will hit $18 in the short-term, $24 in the medium-term and $39 in the long-term. This analysis is suitable for swing traders and long-term traders. Entry: $9 - $13 TP 1: $18 TP 2: $24 TP 3: $39 The idea published is not a financial advice. The content of this idea is solely the opinion of me who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. This does not guarantee any particular outcome. Always DYOR (Do Your Own Research) and trade at your own risk. Let me know your insights in the comment section. Give this work a thumbs up if you appreciated my analysis. Smash that follow button for more upcoming low-risk setups! Thank you so much in advance. Good luck, Alexis
Long
by alexisdelayola
2
CAKEUSDT , We should sell now because ...Hello everybody According to the chart we shown it , we are in downward trend and we had fall down price suddenly but the momentum of the movement is becoming weak to fall more and more , we had breakwave and now its seem the correction of the break wave is done and ready to retest again the bottom that made . CAKE is one of the most powerful token in DeFi base , and use BSC and BNB for trading , Do you know what does it mean ???? Dont forget use stop loss and observe money management Good Luck Abtin
Short
by Abtin00
5
CAKECake, after a month rising, ended up forming into a flag. He had his premature breakout on the 7th, showing a Bull Trap, a long trap. Demonstrating that bulls were not so hot. The funny thing is that I just realized that we still have a Trench (rectangle or accumulation) call it what you like. The important thing about this is that we have two important factors to consider: 1. Bull trap 2. rectangle If Cake breaks this rectangle it will have a currency devaluation of almost 18% or more, it will all depend on whether it holds straight support or not. Time to get smart with this coin!!
by DuhNT
3
cake bullish break above resistance 3rd time and holding- cake breaking resistance for 3rd time, showing significant bullish momentum - this is also supported with on chain analysis- - TVL at 79.31 % - top 3 wallet holding cake liquidity providers currently at 23.27 mill cake, couple days ago at 24.76, so with increasing supply price going up shows demand is there and charts are pointing to this------ BULLISH!!!! - make sure to stake directly on pancakeswap- this will reduce the chance of exchanges making commision and selling down! therefore we'll see much higher prices sooner!!
BINANCE:CAKEUSDLong
by Cos14b
1