CAKE shortCAKE bounced off the resistance level. Asset bounced down off the bearish trendline. Decline to support level at 4.11 is expected to happen.
Cakeusdt
CAKEUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for CAKEUSDT
As we analyzed on October 9, we expected a falling trend to happen and at the moment, this is truly happening. Here you see R2 as the resistance line that expresses the price was unable to rise at different points. R1 used to be a support line and S1 is a our support area at the bottom of this chart. At the moment, we have the price fluctuating below R1 area and our prediction would be a rise up to R1 (as it used to do in its past behavior) and then we must wait for some falling signs. Via having these confirmation candles, we will predict a decline for the price and our short position is activated. Please keep moving with us and follow our updates.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
CAKEUSDT 4H ❌These analyzes are just to give a better perspective for you dear ones
Do not base on buying and selling❌
CAKE/USDT #SCALP #SIGNAL
#CAKE/USDT Looks good but if you're taking this trade so use very tight SL because the market condition isn't good, good Luck
another winter is comingcake is shaping an ABC pattern that can fall 50% from 5.3 dollar with close stop loss this is very profitable position
cake / usdtRemember, this is just my analysis and I am not your investment advisor, so if you want to trade, be sure to analyze it yourself.
CAKEUSDT Price predictionCake has been respecting the above trendline from a long time and now it looks like its ready for a breakout.
In shorter timeframe we can see price is taking rejection from the blue zone which is a good resistance zone. If broken and sustains above the blue level we can see good move upside.
CAKEUSDT - 1D Interval - Resistance and SupportHi everyone, let's take a look at the CAKEUSDT chart on the 1 day time frame. As you can see, the price of the cake is moving in the uptrend channel and is currently at the lower end of this channel.
Although the price is at the lower end of the current channel, we are also in front of an important resistance zone that starts at $ 4.57 to $ 5.14. If we manage to break the resistance zone, we still have resistance lines at $ 6.79.
However, if the price starts to fall, you need to look at what support we have in front of us and you can also see that the first important support zone is from $ 4.1 to $ 3.78, if the support does not hold the price, the next zone starts from $ 3.48 to $ 3.04.
It is worth paying attention to the CHOP indicator which indicates that we have a lot of energy for the next move, while the MACD indicator indicates that we are in a downward trend.
Pancake CAKE Strong Support LinePancake CAKE is now at a strong support line from which i expect a rebound to the following price targets:
CAKE/USDT
Entry Range: $4.19 - 4.70
Price Target 1: $6.00
Price Target 2: $7.70
Price Target 3: $9.45
Stop Loss: $7.70
CAKEUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for CAKEUSDT
Based on our last analysis on September 28, we expected a falling trend to happen and fortunately, we had a true prediction and all our targets are hit since then. Here R1 is as our resistance area which includes the disability of the price in order to rise. And S1 and S2 area the support areas and both express the support of price at some points. Accordingly, we have the price fluctuating over S1 and we believe it will give us some rising signs for an increase toward R1. Or it is possible that the price loses the support at S1 and face a falling trend toward S2. The future reveals what will happen.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
$CAKE - Will this MELT Down soon!!Hello my Fellow TraderZ,
Few days ago, I have shared my view on $CAKE #PANCAKESWAP on Daily TF, where I had mentioned that Price was ranging inside an ASCENDING TRIANGLE, broke it and coming for the retest for the further upside move.
Today I'm sharing another possibility on DTF where it can be easily seen that the price is forming a Narrow RISING WEDGE Pattern. I'm not saying that this is going to be happen but just a possibility only if the Price unable to hold the current Support Zone .
Keep an close eye on $CAKE as both side RISK:REWARD is very good.
Happy Trading Fam. CHEERS!!!
long CAKE$CAKE bounced off the ascending trendline and the support level. Bullish movement to resistance level at 5$ is likely to happen.
CAKEUSDTThe long-term upward trend line has been maintained so far, on the other hand, a tight movement has formed in the four-hour time frame.
Keep in mind that the price can break out of compression both from the top and from the bottom, depending on the type of movement in the lower time frames, it is more likely to break out from the bottom.
The confirmation of the above scenario is the price reaching the $4 range.
We would be happy to hear your comments
CAKEUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for CAKEUSDT
Based on previous analysis on September 18, we expected a rising trend to happen and now our prediction came true. There is R1 as a resistance area that includes the disability of the price to rise. And S1 and S2 are our support areas which express the well support of price at some points. At the moment, we have the fluctuation of price below R1 and we expect the rise will happen toward the mentioned area and then we must receive some falling signs to activate our short position and a decline is predicted for the price. If the price moves above R1, more rise is waiting for that.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
CAKEUSDT | Wave Analysis | Wave 4.4 Take Profit ZonePrice action and chart pattern trading;
> Take profit zone at the upper resistance of the wave channel, possible at SMMA100 fakeout resistance - 0.382 - 0.5 retracement of Wave 4.3
> The final Wave 5 downtrend could be projected at 0.5 - 0.618 extension of wave 4.3 slightly below the previous low - a usual dump & pump is expected before making its uptrend wave
> Indicator: RSI and MACD bearish divergence in TFD squeezed just above the baseline 0, limited upside.
Always trade with affordable risk and respect your stoploss, nothing is 100%
Cake looking decent!One of the few random altcoins looking good at the moment, will do a quick video on it tomorrow.
$CAKE - Just Taste ItHello my Fellow TraderZ,
After June lows, $CAKE has been ranging inside an ASCENDING TRIANGLE on Daily Time Frame and continously maintaining the Higher Lows.
Previous Daily candle closing was Pin Bar pattern with decent Volume. Now the price is trying to attempt the Breakout of the Triangle, all we need is greater Volume bars than previous one. Hence this breakout will be valid.
Keep it in the Radar and enjoy the Trading.
Target mentioned on the chart.
Happy Trading. CHEERS!!!
Trade Idea for CAKEUSDTCAKEUSDT is maintaining a trendline since very long time . A significant breakout can be seen near future.
This is my trading setup. This is not a financial advice.
CakePancakeswap (CAKE) — the token remains one of the most favorite of the audience, constantly getting into the ratings for social activity and trends.
It seems to me that #CAKE will take its rightful place in the BNB ecosystem in 2023-2024.
Plus, all the time:
- Emission is limited.
- % of rewards in CAKE pools are cut - which reduces the inflation of the token.
- DEX and BSC are developing - including all sorts of bridges.
- Large holders are controlled - by "blocking" CAKE in staking.
- Received investments from Binance Labs.
From a technical point of view, so far nothing has been observed on CAKE, except for the last month it has been going against the market and Bitcoin. The chart shows a clear push towards the $4.6 level, our opinion is that after the breakdown we will go to test the 200 MA. If we consider token in the long term, I would like to see another update of the bottom to make purchases, but otherwise the price of about $3 seems pretty to me
CAKE : Bearish soonCake is testing the uptrend line multiple times and i am pretty confident the line will be broken soon... Currently, CAKE is not listed on futures so if you have CAKE, It is better to take profit and buy back lower
CAKE longCAKE bounced off the ascending trendline and bounced off the support level. Bullish movement to resistance level at 4.59 is expected to happen.
CAKEVery simple ... Very clear
We are probably at the end of the corrective correction and the next downward step is starting.
This is my personal opinion. Please do not trade based on my analysis and data.
