CAKEUSDT.P trade ideas
CAKEUSDT: SHORT OPPORTUNITY AHEAD, BEARISH BIAS STILL PREVAILS?Hello CryptoTrading Enthusiast! Help the Channel Growth by smashing the FOLLOW and LIKES Button, then Share your opinion on the Comment Section below :)
CAKEUSDT retested the trendline and created an impulsive rejection. The stochastic pointed down in the neutral area that could be an indication of bearish bias for Pancake Swap ahead.
*Now We put all the explaination on the chart* Enjoy!
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This isn't a recommendation to buy or sell cryptocurrency, only an Outlook from technical perspective.
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Trading Signal For CAKEUSDT PancakeSwapTrading Signal:
There is a Trading Signal to Buy in CAKEUSDT PancakeSwap
Traders can open their Buy Trades NOW
Rank : ⭐️⭐️
⬆️Buy now or Buy on 6.45
⭕️SL: Close below 5.90
🔵TP1 @ 8.30
🔵TP2 @ 10.20
🔵TP3 @ 13.50
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
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Can we see the $20 cake after the break out ?!Hello
What are the facts here?
We are below key support
We have a downtrend
What do I expect?
That I do not expect there is a potential seller in this area
Price can break the trend line and broken support area can also become a fakeout
I think many people are waiting for that trend line to be broken.
🎂 CAKE/USDT 🎂im expecting a bit of a pull back as seen on the 4 hourly divs if it is stronger than expected breaking the white trendline
which is highlighting our M then the short is out if it hits trendline we expecting to enter and go short on this 🎂 crypto
🎂 🎂 🎂. 🎂. 🎂
SENNASEASON
$CAKE no reversal patterns yet$CAKE broke down from major $10 support late January, and has been forming a bear flag for the past 2-3 weeks.
I expect at least one more leg down, and don´t see any reasons to buy at this moment.
A break of the black trendline, with some sort of reversal pattern would be needed to aim for the test of $10, now major resistance.
CAKE going to break the triangle soonPancakeswap is taking its time to consolidate as well as DOGE ( I did an analysis for that too ) and it's a matter of days that it's going to break the triangle.
The volume is growing so it's enough signal to me that we are going to break up rather than down.
Doge is time to waking up! Target for me in the long terms (6-8 months) will be 0.8 cents.
CAKE strongly bearishHello Trading view community, should you like this analysis, please support with like ans comments, Thank you.
Cake reacted to its resiatance level at $08.80s and carshed down again, we like it or not, it may drop down into $06.80s again.
ofcourse eventually, almost all cryptos trends are affected by BTC and ETH somehow, so should BTC crashes toward $39K - $$38K, again (which may carsh even up to $25K or more) then we should expect more crash on all coins beside cake.
CAKE likely to go up Looking at the CAKE/USDT trend, it is obviously a downtrend, from my analysis, Cake has reached its ATL and likely to buy/ go long, but if it’s breaks lower than the ATL that should be my SL.
CAKE raise up 25-50% soonfollow us to get best profit of the market.💎🔥
CAKE will give us 25% profit soon.🤩😇
CAKEUSDTHonestly, I am pretty surprised to see CAKE at 8$. Great DEX with low fees, the APY is 62.13% on pancakeswap right now. It is not financial advice, DYODD.
Cake! Ready to GoAs you can see the downtrend is coming to an end. the only thing is to break the line.
CAKE/USDT BULLISHCAKE has been in a downtrend since ATH, the bottom could be in. The price is also at an all-time low currently.
Boilinger Bands indicator show a breakout at 7,50ish. If price movement could break through 9,00 resistance, we will see an uptrend. Combination of breakout on Boilinger Bands and resistance level could be huge.
Fundamentals: Pancakeswap (CAKE) is the market leader for BSC DEX´s. Pancakeswap holds the most number of coins, pairs, visits and also has the highest market share on BSC (Binance Smart Chain).
Entry: 7 - 10 USD
Target: 40 USD (300 - 400% gain)
Not financial advice.
CAKE W/ CUSTOM FIBS So here I see that we are sitting on my red line fib which means that it’s on the size of the boy wants to go the white area is neutral you can go either way from there if it hits the green it’s more likely to hit the blue line at 71.8% or make a full retrace which means that it might actually cross the full retracement from the downtrend
Cake Usdt Long setupCurrently bounces from 1.272 fib extension, Looks like bottom is forming. Entering long
Cake bottom seems near Cake is significantly falling and now is at a lower level with price 7 usdt almost, if it moves above 9 and closes above 9 we might see an uptrend, if not it might head down to 6 and if the market falls cake might drop to 4 usdt levels.
CAKEUSDT, Finally we made it Hello everybody
Did you check event of today ? Did you check unemployement rate ?? Do you know how you can analysis when the news coming ??
If you want to learn Fundamental & Technical analysis send us messages ---> Our id is in profile
According to the last analysis we shown on chart that the price was making a triangle and we need to break it and then wait for the pullback and trigger for entrance then you can take position and buy, at this time finally we have candle stick pattern is making after broke and its morning star.
According to the pattern we can buy some part in here in this price and put our SL and the below of the pattern and wait until the target that we shown reach.
Good Luck
Abtin
CAKE USDTlooks like we are at the bottom now.
Crypto isnt for the money. Its for the computers and what they are capable of doing when they are entangled in the blockchain
CAKE is trading within a descending channelCAKE has been dancing within a channel with peaks and low inside this channel.
There is the possibility of CAKE going higher in price if it maintains its position above the $6.9 support level. Otherwise, if it breaks below the aforementioned support level, it may fall further.
overall, for now, my TP is within the channel
