CAKEUSDT Technical Analysis
⏳ Spot
💎 CAKEUSDT Has formed a Flag pattern. the price has got rejected from the support zone. The large green candle shows us that the price has potential to go higher.
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 16.15
☕️ TP1 20.45
🍺 TP2 24.25
🍻 TP3 28.30
🍾 TP4 _____
🍷 TP5 _____
🍸 TP6 _____
🍹 TP7 _____
🎁 TP8 _____
🚫 SL 15.30
Good Luck 🎲
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Cakebtc
CAKE/BTC buy opportunityHi followers,
CAKEBTC formed nice triangle which already broken to the up side,
Then retested the broken area again, with higher lows formed, suggesting more up side potential move.
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
If you like my content - 👍 Like, 💬 comment, 👆 follow and 👉 share!
❗❗❗
Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only!
Cake to 36.86 $ USD?In my last analysis we were able to observe a triangle that was invalidated as a result of the market crash, however not everything is negative. This fall managed to show us a bullish channel in #CAKE which is very positive.
Within this new bullish channel we have a new triangle that should break no later than the beginning of October and would have as its main target $ 31 and then $ 36.86.
If the market remains bullish, I have no doubt that Cake will have a big rally, assuming that we are days away from its first anniversary and that every Monday there is a burning of tokens that represents 1% / 3% of the current supply. #Cake #Pancakeswap
CAKE/USD - Correction continues, for now. 😅CAKE did we, very well early this year. However since May CAKE is correcting and I don't see this changing anytime soon or not until we penetrate the resistance. :)
For now this chart is bearish and I don't exclude a re-test of support before any sustained gains can be achieved. For that we also need the overall market to heat up. That will help CAKE.
The indicators also show mixed signals right now, so best to stay away from this right now.
Like and follow if you liked this idea!
CAKE On The POC !CAKE is on the support of POC line. MA200 also supports it under this area. We can expect it to move up in the coming days.
⚠ BTC Dominance is on support too. So, LONG trades on alt coins can be high risk now. Don't forget to set stop-loss under the MA200.
📆 Fundamental: NFT Marketplace Launch ( 22 Sep )
PancakeSwap (CAKE) - September 12Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(CAKEUSD 1W Chart)
It remains to be seen if the price can be maintained above the 15.1757179-16.1961041 segment.
If it declines from the 9.0760290 point, there is a possibility of entering the mid- to long-term investment area, so careful trading is required.
If the price holds above the 20.0044522 point, it is expected to create a new wave.
(1D chart)
If the price holds above the 19.0812658 point, it is expected that the uptrend will continue.
However, the uptrend is expected to accelerate only when it rises above the 22.7629293 point and breaks out of the downtrend line.
If it falls from the 15.1757179-16.1961041 section, you can touch the 9.0760290-10.8786252 section, so you need to trade carefully.
-------------------------------------
(CAKEBTC 1W chart)
It remains to be seen if the price can sustain above the 0.0002687-0.0002903 interval.
If it falls in the range of 0.0001652-0.0002687, it is highly likely to enter the mid- to long-term investment area, so careful trading is required.
(1D chart)
We need to see if we can find support at the 0.0004174-0.0004445 zone and move above the 0.0005074 point to break out of the downtrend line.
If the price holds above the 0.0005074 point, I would expect resistance in the 0.0006578-0.0007068 range.
If it falls in the 0.0003450-0.0003850 section, it can touch the 0.0002903 point or less, so Stop Loss is required to preserve profit and loss.
However, you can touch the 0.0002304-0.0002903 section and rise, so you need to think about how to respond.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
Cake to 25 $ USD?Cake is in a correction of approximately -70%, it has been in an accumulation phase since the end of May.
We can also see that it is below the 200 EMA and the volume has not increased significantly. So we need to break that 200 EMA at roughly $ 14 to see a bullish scenario.
If we assume that Bitcoin resumes its bullish path I see no doubt that Cake's next target is $ 25-$ 27.
PancakeSwap #CAKE to 31 $ ?After seeing how the target of $ 25 was perfectly met as I mentioned in my old publication, we can see again the formation of a triangle, which should break up at the end of this month, obtaining as a target $ 31 that would represent the 61.80% fibo of the May correction.
However, I believe that if the market remains bullish and we continue with the respective token burn, we will be able to see an even stronger momentum up to $ 36.86 which represents the 78.60% fibo.
Cake is undoubtedly one of my biggest bets in the remainder of the year and I hope to see it reach high prices, which I will share with you later in my next reviews.
Symmetrical Triangle And A RectangleTrying something new. I don't know anything about the fundamentals but I'm using technical analysis (chart patterns) and risk management to trade. I'm risking 1% of my capital on this one. Stop loss at 420k sat. What do ya think?
btw I don't feel like it's necessary to say all of this but the website doesn't allow publishing ideas without much context so sry if it feels like i'm just filling up words.
Entry/Stop loss/Profit taking all on chart.
Cake / Usdtright now price trying to hold above important support , a little down to 18s and we are ready to go to next resistance at 27 $
stop will be daily fixed below support
CAKE/USDT now 91% pure profit and still expecting more TPs#CAKE/USDT Profit Update:-
$CAKE currently trading at $21
And Our entry was $11 filled ✅
Now 91% pure profit within a month.
I am still expecting it will hit more TPs.
but I will suggest now you can free your principal amount and hold only Profit.
Entry was $11 ✅
TP1:- $21.50 ✅
TP2:- Pending
Support:- $18/$12
Resistance:- $27/$44
Please click like button and Appreciate my hard work.
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Thank you.
PancakeSwap (CAKE) - August 10Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(CAKEUSD 1W Chart)
If the price is maintained above the 15.1757179-16.1961041 section, it is expected to create a new wave.
(1D chart)
If the price is maintained above the 20.0044522 point, we expect the uptrend to continue.
If it goes down, we should see support and see if we can move up the key zone of 10.8786252-16.1961041.
'How far will it rise...'
'If you know this, you will be able to realize profits...'
So, if you look at my chart, unfortunately, you can't tell.
Setting a target point is a good habit for good trades.
However, it must be a target point that you set yourself.
A goal set by someone else is practically meaningless because it's likely to be unbearable until you reach that goal, and your goal point may change along the way.
If you dare to set the target section on this chart, you can set it as the 38.3519782-40.8453058 section that forms the high point section.
Will you be able to climb all the way up at once to reach the goal section?
Will it be able to overcome the volatility that shakes up and down to the target section set by others?
“Where will the purchase principal be recovered from?”
You need to think about this.
'How to increase the number of tokens remaining by recovering the purchase principal'
-------------------------------------
(CAKEBTC 1W chart)
There is nothing to tell from this chart.
However, if the price is maintained above the 26870 Satoshi-29030 Satoshi section, it is expected that the upward trend will continue.
(1D chart)
If the price holds above the 34500 Satoshi point, it is expected to turn into an uptrend.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
Shorting Alts for BTC RallyQuite simple - when Bitcoin goes on a bull run like we're seeing now, bearing in mind it broke past the resistance of the MA 200 the alts will take strain until Bitcoin settles in a new range and then the alts will begin to regain momentum.
Sell into BTC, wait for BTC to range, then buy back into alts.
My chart shows the divergence between Bitcoin and CAKE/DEGO.
BINANCE:CAKEBTC
BINANCE:DEGOBTC
BINANCE:BTCUSDT
CAKEUSDT Is Moving in the Bullish Channel
Welcome back Traders, Investors, and Community!
Hi Traders, CAKEUSDT on H4 is moving along the Bullish channel.
⬆️Buy now or Buy at 14.90
⭕️SL @ 11.88
✅TP1 @ 18.48
✅TP1 @ 24.86
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day
PancakeSwap (CAKE) - July 18Hello?
Welcome, traders.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(CAKEUSD 1W Chart)
If the price holds above the 9.0760290 point, it is expected to maintain an uptrend.
However, since the support section is weak, it is recommended that the price rise above the 16.1961041 point and maintain the price.
(1D chart)
If the price is maintained in the 9.3962999-17.7234416 range, it is expected to turn into an uptrend.
However, if you touch the 9.3962999-10.8786252 section, you have to watch for a sharp rise.
If it falls from the 9.3962999 point, it is expected to enter the mid- to long-term investment area, so you should also think about it.
In order to continue the uptrend, the price must rise above the 20.4991555 point to sustain the price.
-------------------------------------
(CAKEBTC 1W chart)
If the price is maintained above the 26870 satoshi-34500 satoshi range, it is expected that the upward trend will continue.
(1D chart)
If the price is maintained in the 40530 Satoshi-53580 Satoshi section, it is expected that the upward trend will continue.
If it falls from the 40530 satoshi point, it can touch the 20950 satoshi-27480 satoshi section, so Stop Loss is required to preserve profit and loss.
However, since you can touch the 26870 Satoshi-34500 Satoshi section and rise, you should also think about preparing for it.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L : Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
$CAKE/BTC 1D (Binance Spot) Symmetrical triangle breakoutPanCakeSwap broke-out bullish, let's enter on 100EMA / descending Trend-Line retest.
Current Price= 0.0004450
Buy Entry= 0.0004228 - 0.0003888
Take Profit= 0.0005084 | 0.0005709 | 0.0006713
Stop Loss= 0.0003234
Risk/Reward= 1:1.25 | 1:2 | 1:3.22
Expected Profit= +25.28% | +40.69% | +65.43%
Possible Loss= -20.31%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 2 months
CAKE/USDT Ready for $60 mean 300% from here..?#CAKE/USDT TA Update:
$CAKE looking good at this level.
Yesterday Dumped and Instant recovered.
So I am bullish on $CAKE
Entry:- $11-$13.35
Targets:- $21.50/$27.40/$42/$60
SL:- If candle close below $10.50
Waiting for Breakout.
If break out $16 then Super Bullish.
Support:- $11
Resistance:- $21/$27/$42
Please click like button and Appreciate my hard work.
Must follow me for latest crypto real time updates.
Thank you.