CAKE Done correcting (Short Term)Expecting cake to have a leg up targeting at least 3.304 based on a measured move!
NFA (Practicing price action analysis only!)
CAKEUSDT.P trade ideas
CAKEUSD ❕ the point of entry is closeCAKE is moving in an ascending channel.
Price is above liquidity and trading volumes show a slight deviation of interest in growth of the asset.
The 100MA has broken up the 200MA (1H TF)
TD Sequential has formed a reversal signal downwards (1H TF)
I expect that CAKE may retest the support level, and after fixing above it will continue to move in the direction of the channel.
CAKE/USDT small breakoutHey Colleagues,
We are back to CAKE/USDT. The time came where small breakout of the CAKE coin happened.
There are two scenarios for this coin but both would have same outcome:
1) We will have full breakout from that triangle form at $3.12 and we will move straight to $4.20
2) We will move to $2.53 where we should bounce right back up.
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Swallow Team
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Pancake Analysis ,CAKE/USDT Update 📈📉HEY, what's going on Guys ?!
Since Dec 15, 2021, that I posted the last analysis for Pancake it has failed to rise again , actually after losing the support zone and hitting my SL ,it has been declining up until now .
but today as you can see on the weekly timeframe for cakeusdt, after
a massive crash and reaching current support zone stopped and now I think it want to attack pivot zone so then may fall again , but if it be able to take over this zone then breakout the descending trendline , so then after a nice pullback then it can reach the higher red resistance zone . but if it loses the current support zone so then it can even see lower support levels.
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
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CAKEUSDT | Wave Projection | Ending Diagonal Breakout / Fakeout?Price action and chart pattern trading
> Elliott Wave downtrend projection with an ending diagonal pattern - possible breakout with one more final downtrend wave C minor
> Potential reversal @ SMA50 breakout of local trend correction wave and confirmed trend reversal once breakout of Elliott channel of global trend
> Indicator: MACD bullish divergence signal
> Target Price @sma200
@Always trade with affordable risk and respect your stoploss
Long Idea CAKEOn first observation this may not look like the best long position, but my reason for posting is that I think that it presents good risk reward.
Price and lagging strand are above the cloud, and have held well over the past several hours (1 hour time frame). Clearly defined stop loss here and also some obvious targets overhead, 3.264 being the best one in my opinion.
Best wishes to all!
CAKE USDT ELLO GUYS THIS MY IDEA ABOUT CAKE Usdt is nice to see strong volume area....
Where is lot of contract accumulated...
I thing that the buyers from this area will be defend this SHORT position...
and when the price come back to this area, strong SELLER will be push Up the market again...
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this Long trade....
THANKS
TURTLE TRADER 🐢
Cake can break the descending triangleA scenario can be that #cake is going to break the big descending triangle, based on what #btc will do then it will break up soon
CAKE USDThello guys this is my idea about CAKE /USDT
I thing that sellers from this area will be defend this short position..
and when the price come back to this area, strong sellers will be push down the market again...
Downtrend + previous support become resistance + Strong volume area is my mainly reason for this short trade....
THANKS
REBENGA
CAKE /USDT a comprehensive analysis with stops and targets! Hello dear friends,
Here is an analysis of Cake on the 10 hour chart.
Cake is in a clear downtrend and has broken out downward from the Red/Green triangle. Afterwards, a symmetrical triangle (orange) formed and broke out downward from there as well.
We may see a rebounce to resistance 1, 2 or 3. A stoploss in that case is always just below the support (green) or a little wider below the resistances if the price rises above them.
This is clearly a rebounce in a downtrend. So it is more dangerous to go LONG.
The targets for the longer term are 9.86, 8.45 and 7.22. Below 7.22 we can see a very sharp decline.
See also my previous analysis of Bitcoin because that is the leader and the rest follow. Also the world situation does not challenge me to go LONG but we just do what the charts dictate. The ALTS are the one which will get hit the most in a heavy downtrend.
Putting stops is good but best to wait for the daily candle because often the price goes much lower intraday to stop traders out.
Best of luck with trading or on the sidelines!
Disclaimer This is my view, no advice to buy or sell. Also always do your own research!
--->> Dear friends please follow me for updates and give me support with a like 👍 if you like me to continue this work. Thanks 💚
CAKE - Explosive Move Coming! 🎂CAKE is one of the cleanest and easiest charts to read. We have a simple ABC correction and we're currently on the last bearish wave of C.
We are now waiting for the first bullish candle to appear, at which point we'll know we've hit the floor. On lower timeframe we can look for reversal price action to confirm the floor.
Trade Idea:
- Watch for the final leg to complete. This can be done by looking for bullish price action such as trendline breaks, BOS, RSI oversold etc.
- Once bullish price action appears and meets your criteria for reversal, enter with stops below the recent lows
- Targets: 17, 26, long term target 40
Will update this chart once we've hit the aforementioned floor.
Goodluck!
$CAKE/USDT - Long - Potential 47.45%$CAKE/USDT - Long - Potential 47.45%
Exchanges: Binance, KuCoin, Huobi.pro
Signal Type: Regular (Long)
Entry Targets:
1) 3.312 - 100.0%
Take-Profit Targets:
1) 3.403 - 33.333%
2) 4.167 - 33.333%
3) 4.874 - 33.333%
Stop Targets:
1) 2.976 - 100.0%
Trigger - Reversal, broke overhead resistance and flipped to support on pullback. Oversold, bullish divergence.
Trailing Configuration:
Entry: Percentage (0.0%)
Stop: Breakeven -
Trigger: Target (1)
CAKEUSDT (3)-(4)-(5)-IV-VAfter the A-B-C correction, we see a five-wave bearish momentum. The current situation looks like the development of the 5th wave in the 3rd wave of the higher order. We are monitoring the situation and will look for entry points speculatively into longs with a minimum volume at 2.75-2.8, and then entry points into shorts 5.3-5.0. Risk/reward as always 3 to 1.
CAKEUSDT🔥 LOOKS NOT BAD🚀CAKE is moving in a descending channel, if the asset touches the lower border of the support zone, then we can consider a position in LONG.
We need to wait for the beginning of a new week, watch the BTC chart, the market looks bearish!
✅Do not forget to visit the channel there is a lot of useful information about trading.
🎂CAKE follow BNB. Is it time to buy after 15% fall?After BNB annaunce investing in Cakeswap it`s pump for 17% in 8 hours. As you see at volume indicator someone sells a lot of the coins (take profit). But why the price dump to the previous valua area of $4.34-4.42? The SEC raised a suspicion of Binance similar to the Ripple case. Allegedly BNB are shares of the exchange, which is not allowed by law. This news dump even Bitcoin for 6%!
📊 What is good for bulls?
🔶Price is trying to close inside the valua area of $4.34-4.42. It`s the first sign of strength.
🔶The second positive sign for bulls is the volume growth. What this mean? Someone open additional long possition because there is enough liquidity to buy.
🔶If the price start to squeeze to the trendline and additionally volume will grow it will be the third signal that bulls show the strength and ready to pump the price.
🔶Closure of cases of possible violation of the law by Binance exchange will give a strong boost to the price of BNB and CAKE.
Targets for long are marked on chart:
$4.88 - key level
$5.65-5.85 - value are
📊 What is good for bears?
🔶The bulls were traped even on BTC so it`s possible that the price of all alts will follow the BTC price if the dump continue.
🔶If the SEC continues to investigate Binance, all altcoins linked to this exchange (CAKE, BNB, WRX, TWT) will consolidate or fall for a long time. For example, Ripple, which is about 2-3 years in a similar position in the bull market grew less than Bitcoin, although it has a capitalization of 10-15 times less.
🔶The false breakout of the trandline will b additional sigmal that the bulls haven`t enough power to push the price higher.
Binance is the largest crypto exchange and it`s hard to image that it will be banned. Perhaps the exchange will just pay a small fine, since the proceedings only concern 2017.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
CAKEUSDTI consider pancakeswap an excellent project for a long-term portfolio, and just an hour ago, the news came out that Binance Labs, the venture division of the Binance exchange, made a strategic investment in the PancakeSwap decentralized exchange token - CAKE.
I plan to collect up to 5% of the deposit from the first purchase - 3.376
Elliott wave Cake, yummy soon. Fun chart, looking for one more leg down, may be completing something, so watching this count.
Check out some of my other stuff and give a like and follow if helpful. Cheers!
Bullish Flag on CAKEUSDTBased on technical factors Bullish Flag there is a long position in :
📊 CAKEUSDT
🔵 Long Now 0.00
🧯 Stop loss 4.320
🏹 Target 1 4.880
🏹 Target 2 5.110
🏹 Target 3 5.500
💸Capital : 1%
We hope it is profitable for you ❤️
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-dii thing when -di is moving down price will grow look at that 2 vertical line how it worked but u must back test from this strategy
🚀Cake breakoutAfter couple of weeks, finally CAKE break the pattern...
Let's watch the rally🚀🌕
What's your opinion?
Share your analysis with me🤝✍️
