CAKEUSDT (4H "LONG" 25%-50% PROFIT SPOT)Targets are : Short Term $7.15 - Mid Term $8.3 - Long Term $10
Reasons for long :
Huge volume !
Huge engulfing !
Ressistance breakout
Avarage true range
for sure there would be corrections dont get panic
if you buy it in spot market no need to use stoploss
GODBLESS
Cakeusdt
POSSIBLE BREAKOUT , REVERSAL UPTREND ?
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
- $CAKE is on the verge of breakout on the channel's high.
Currently it's moving on the 1D time frame chart into a descending channel and after the break-out, It'll be able to climb up to the higher S/R 9.4$ - 10.5$ - 12.80$ respectively.
- But it's better to wait for a proper hold above 9.0$ to take Long on it, meanwhile we can notice the spike in volume where buyers pushed the price upper protecting level of support 5.3$ as i suggest that buyers are shifting their money
into CAKE making it likely that the existing trend is about to reverse direction after the sellers have failed to make a new lower low.
- Be aware that we have the possibility of reversal on $BTC at $49500's resistance.
Hope you enjoyed the content I created,
Have a good day Traders!
CAKE COIN - Update ✅CAKE rejected the 5.50 - 6.00 price area as we expected in the previous analysis, from a technial perspective we are from there in a bullish market strucutre. Price shifted the strucutre from bullish into bearish somewhere around 7.0$ where it broker above the last high with a huge momentum. The long-term targets for CAKE are around 11.50 where we have a bullish imbalance. This should happen in the future, but i will wait for a retracement somewhere around 7.50 / w1 imbalance and then enter LONG TRADES from there
What do you think ? Comment below..
CAKE / USDTNow cake in TIME FRAME 4H is in this pattern
just keep eye on it to make it short or long
I do trading based on patterns so I hope you guys know how to set up your trades target and stop loss
GOOD LUCK GUYS
THIS IS NOT FINANCIAL ADVICE IT'S JUST MY PERSONAL OPINION
DO NOT FORGET TO USE STOP LOSS
CAKE/USDT Pancake swap token technical analysisCurrently CAKSE/USDT is heavily undervalued in my opinion and it is currently test marketing at its current level, if breaks out thats a perfect time to buy if it drops down to bottom support that would be even better to make more profits!!!
White line = current support
Red line = current resistance
Yellow line = future resistance
Orange line = future strong resistance
Cyan line = future resistance
Green line = top resistance
Not financial advice do your own research i just post trades that i do myself!!!
BINANCE:CAKEUSDT
CAKEUSDT Analysis (LOCAL VISION)Hello friends.
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Everything on the chart.
Entry: market and lower
Target: 8.5 and 9.9
after first target reached move ur stop to breakeven
Stop: 5.9 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 2.5
risk is justified
Good luck everyone!
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It's not financial advice.
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Open to any questions and suggestions.
CAKEUSD might initiate a false breakoutCAKEUSD was pumped recently following the overall strength of BTC and other cryptos. However, in a context of a massive downtrend, which preceded this action, it would rather create a false breakout and slide back to the range. It might open an interesting opportunity for a counter-trend trade.
CAKEUSDT LONGS 💰💰💰💰 Expecting bullish price action on CAKEUSD as price shifted the structure from bearish into bullish making a BOS (break of strucutre) move, i think for now we will see a retracement move then the price will go higher to fill the BIG BEARISH IMBALANCES aka price inefficienies around 10.23
What do you think ? Comment below..
Cake/btc weekly falling wedge on verge of breakout!This is a weekly pattern but is just more visible on daily chart!
Hi guys this pattern of cake/btc is close for a breakout so i bought some cake and staked it on binance. You could leverage this trade but personally I'm planning to jump on spot because i want to hold cake to ath and above while also staking cake! this is NFA! DYOR especially if you're a leverage trader!
CAKEUSDT This route can be happenHello everyone
Cake is one of the most powerful token of defi exchange that can be have a campaign with Dydx in future
According to the chart and to the trend of market , you can see the market is moving to have some correction and need to recovery itself then its ready to continue the route as the trend wanna go .
This route that we can drwan on chart it can be the movement of the price to re-test again the support zone in the bottom (Blue box) and until the price is not broken the second key point level the trend is moving in downward and when this key point is broken the trend can be change to the upward.
If you wanna take position and buy or sell, check the chart with your own analysis and use your own strategy
Previous analysis :
Good Luck
Abtin
cakeusdt long positionPancake Swap has come to this day due to its stupid policies because this amount of tokens with this high profit of steak tanks has really increased the $ 40 currency to $ 6, but it seems that it is reforming its policy and reducing the profit of steak tanks. Has created the futures trading section inside an exchange office and it also burns tokens on a monthly basis. This can be a good entry point.
Pancake Swap (CAKEUSDT) TA: 22.2.27It has lost significant support and is declining in the downtrend channel. If the support is broken, $ 5 can fall to the bottom of the channel.
⚠️ This Analysis will be updated ...
👤 Sadegh Ahmadi: @SDQ_Crypto
📅 27.Feb.22
⚠️(DYOR)
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CAKEUSDT (PancakeSwap CAKE) 18-2-22 to 17-3-22 Midhigher RangeCake/usdt midhigher timeframe range, This range is fairly new and it formed a new bottom than backed up. as the range is new with a new bottom price can be pushed from these zones to a retrace point but that depends if market see's money coming into alts and peoples shows their to their ol cake. their are no logical profitable intraday setup showed up yet until march 16 2022. but this range did provided 2 swing positions.
cake just woke upBroke through diagonal resistance with low volume, showing very little sell volume is there, if buy side continues, we are likely to start upside targets near 200ma and up to $17
keep staking!!!