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Cakelong

Signal for CAKESignal for CAKE/USDT 🎯 Entry Point (Buy): 📉 1.912 - 1.930 This is the suggested buy range based on support and the ascending channel. Take Profit Targets (TP): 🎯 TP-1: 1.929 🎯 TP-2: 1.952 🎯 TP-3: 1.974 🎯 TP-4: 2.000 Stop Loss (SL): ❌ 1.895 If the price breaks below this level, it's recommended to close the position. 🚀 Summary: The price is in an uptrend inside an ascending channel, and entry at the current support levels could lead to potential profit if the targets are hit. If the support fails, the stop loss will limit the downside risk.
Long
by ahmadarz
CAKE : buy in low Analysisfor CAKE/USDT Author: ahmadarz In this analysis, we are reviewing the CAKE/USDT pair. According to the provided chart, the price is at the lower support area of the trading range, and the entry point is specified. Key Points: - Entry Point: 1.943 - Target Prices (TP): - TP-1: 1.966 - TP-2: 1.989 - TP-3: 2.014 - TP-4: 2.042 - TP-5: 2.087 - Stop Loss (SL): 1.917 - Explanation: The best position to enter a buy trade is in this support area. Target prices are specified sequentially, and the stop loss is determined in case the support area is breached. Caption: 🔍 Analysis of CAKE/USDT: The price is in the lower support area of the trading range. The entry point is set at 1.943, and target prices are specified. 📈 Warning: This trading signal is based solely on technical analysis, and the trader is responsible for any decisions made.
Long
by ahmadarz
#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 🤝🛎!
Long
by CryptoAnalystSignal
CAKE → Three Pushes Up! Will We Reverse to $2.84? Let's Answer.CAKE (Pancakeswap) completed its third push to the upside and rendered four Daily candles in a row with large wicks on the top. Today's close marks the fifth. Does that mean we're in for a drop? How do we trade this? 🤔 I believe a pullback here is imminent. That doesn't mean a short is justified, we are in a bull trend and our bias should remain long. However, the short-term signals like the three legs, 5 wicks on top, and a high RSI all indicate a pullback is here. It's reasonable to short this on a lower timeframe like the 1HR but on the Daily, we should be looking for a long. Wait for the price to come back down to the $2.84 area and find support. We need to see a strong buy signal and confirmation bar to justify an entry. I caveat this proposal with the state of the crypto market as a whole, it's a pivotal moment that could spell a reversal which will likely drag CAKE down with it. In summary, zoom into the 1HR timeframe to find a short, wait for a long entry opportunity at $2.84 per my description above. 💡 Trade Idea 💡 Long Entry: $2.937 🟥 Stop Loss: $2.64 ✅ Take Profit: $3.53 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Bull Channel with three pushes up, large wicks on third push. 2. Gap to Daily 30EMA. 3. Don't enter a trade here, need more price action. 4. RSI at 75.00 and above Moving Average. Supports Pullback. 5. Crypto Market at Pivotal Moment, Consider Reversal Possibility. 💰 Trading Tip 💰 You can trade any candle on the chart, the question is what trades are more worth your while and fit with your personality traits. First, understand how to analyze a chart, then understand yourself and how you best interact with your analysis such that you make money. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
BINANCE:CAKEUSDLong
by TraderEngineering
CAKE → PancakeSwap Bull Breakout! What are the Price Targets?PancakeSwap executed a beautiful bull run and pullback, forming an arched pattern toward the 200EMA where we bounced and broke out! The price is in meander mode toward the upside on new support. How do we trade this? 🤔 We do not have any signal candles or patterns to suggest the next move, any trade here carries a low probability of profit. If we long, our protective stop should be under the 200EMA which is a fair distance away. If we short, we have the 200EMA acting as potential support and where do we place our stop loss? The proper place is above the previous high of over $2.84, which is a bad Risk/Reward ratio. We should wait until the price falls to the 200EMA and the RSI comes down closer to 40.00 and starts to cross above the Moving Average. This tightens our stop loss and gives us enough room to 1:2 Risk/Reward our trade. Until then, let's see how the price action plays out. FOMO (Fear of Missing Out) is your worst enemy. This is where you enter the market prematurely, worried that you'll miss potential profits but instead, you end up in a bad trade. I find combating FOMO is best conceptualized as " You're making more money by not falling for the seduction of market profit ." 💡 Trade Idea 💡 Long Entry: $2.3037 🟥 Stop Loss: $2.1860 ✅ Take Profit: $2.5395 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Bull Trend Consolidating Pattern Complete. Bull Breakout. 2. Established New Support, Currently in Uptrend. 3. Wait for Pullback to 200EMA to consider long. 4. Do Not Long until we see Strong Bull Support after Pullback. 5. RSI at 53.00, below Moving Average. Supports Short. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
BINANCE:CAKEUSDLong
by TraderEngineering
CAKE → Bounce to the Moon! Take Advantage of This Opportunity!PancakeSwap is bullish in more ways than one! The price is playing out a beautiful two-legged pullback after a strong bull run; an indicator that the bulls are in control and more upside is probable. How do we trade this? With a two-legged pullback after a bull run and the RSI above the Moving Average with room to spare on the upside, we have to remain bullish. We're missing one critical piece of the puzzle to enter a long trade; the bull signal and confirmation bars. The bull signal bar will have a long tail and a close on or near its high, followed by a strong bull candle closing on or near its high. The confirmation candle should close above the resistance line and re-test it as support. That would be the ideal long setup as depicted in my analysis. This is a conservative long, taking profits just prior to the double top high. You could close half of your position and take profits at a 1:1 Risk/Reward and swing the remainder to a 1:3 Risk/Reward or until you see a sell signal. Trade depending on your strategy! Be aware, we could also fail to break resistance and end up with a strong bear signal, completely changing our trading bias. Always be ready to change your bias and learn to recognize those signals. Trade Idea Long Entry : $2.26 Stop Loss: $2.02 Take Profit: $2.74 Risk/Reward Ratio: 1:2 Key Takeaways 1. Bull Trend Consolidating, Bias to Long. 2. Double Top followed by Two-Legged Pullback, Bullish. 3. Watch for Support at 200EMA. 4. Do not Long until Bull Signal Bar and Confirmation Above Resistance. 5. RSI at 53.00, above Moving Average. Supports Long. You are solely responsible for your trades, trade at your own risk! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
BINANCE:CAKEUSDLong
by TraderEngineering
CAKE Gearing Up for a Bull Run!? This Analysis Shows the Way!CAKE is crawling sideways in between a bull channel and above the Weekly Resistance. The price hasn't been able to break above the 30EMA nor has it broken below the Weekly Support. How do we trade this? The overarching trend is bullish, so we should set our bias to long. The price is establishing support at the previous Weekly Resistance, so it's reasonable to look for a long entry at that level. Given that the price is failing to break above the 30EMA, we should wait for the price to pull back to the Weekly support line and then look for a long entry. A protective stop should be below the Previous Weekly Resistance line and at least a partial take profit at the previous highs around $2.80. Key Points 1. Bull Channel, Long Bias. 2. Multiple Tests of Previous Weekly Resistance, Showing Support. 3. Failing to break above 30EMA, Fall to Channel Support. 4. Bull signal at Channel Support, Long Setup. 5. RSI at 50.00 above Moving Average, Weak Indicator. You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
BINANCE:CAKEUSDLong
by TraderEngineering
CAKE Weekly Analysis - Long the Descending Wedge Bull Pattern!?CAKE is in a descending wedge pattern and currently flirting with breaking out. After last week's bull bar closing near its high, we had a slight pullback to the 30EMA and bounced back to the top of the wedge. We have yet to breakout let alone confirm a breakout. Until then, this is what we have for data: Key Points 1. The Descending Wedge Pattern is Bullish 2. We should wait to enter long until the breakout is confirmed 3. We have some support on the 30EMA 4. Bitcoin is a leading indicator for the alt market. Bitcoin needs to confirm a breakout of the Weekly Resistance 5. RSI has room to move up but has more to fall. We should wait for more price action. You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
BINANCE:CAKEUSDLong
by TraderEngineering