Cakeusdtanalysis
CAKEUSDT AnalysisHello friends.
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Everything on the chart.
open pos: market and lower
target: 20 - 28 - 35
after first target reached move ur stop to breakeven
stop: ~under 12 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 5
risk is justified
Good luck everyone!
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It's not financial advice.
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Open to your questions or suggestions.
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.
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Good luck,
Alexis
CAKEUSDT - Trend Breakout!!CAKEUSDT (12h Chart) Technical analysis
CAKEUSDT (12h Chart) Currently trading at $19.45
Buy level :Above $19.75
Stop loss: Below $17
TP1: $21
TP2: $23
TP3: $26
TP4: $30
Max Leverage 3x
Always keep Stop loss
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CAKE FOR BULLS ! The $CAKE price has formed a bull flag on 1D chart . We expect to see another touch of the support area thanks to Bitcoin volatility & on the Verge of Huge Breakout So Keep your Eyes on it
$CAKE is currently trading near a strong support area , Expect a bounce + Flag's upper trendline breakout.
EMA200 is laying under EMA55 ,Quite bullish sign.
RSI is Printing Massive Bullish Divergence.
MACD also got a bullish divergence
Pancakeswap is the largest DEX on BSC chain. Expecting upcoming burnings + events
TIn Case of Upside Breakout, Target would be $30 .Long term targets are 50-60-70$.
The Train has left Station So Fasten Your Seat Belts 😎