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CAKE / TetherUS PERPETUAL CONTRACT

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CAKEUSDT.P trade ideas

CAKE/USDT Daily Support and Resistance Zones Targets 10/29/21CAKE is in Range, forming a bullish pennant in daily timeframe, while all coins are in Bullish mode this last days, CAKE didnt do any significate movements. Support and Resistance Zones marked in RED/GREEN Boxes % calculated to every zone. Be aware this is a daily time frame analysis, medium term trade. My entry is at 18.04 USD SL at 16.90, and moved to entry price after 10% up. Will update as the trade happens. Trade Safe. Regards. P.D: Remember that BTC dictates the market.
Long
by huloza
1
How Cake(PancakeSwap) is looking? Hello everyone! As you can see on the chart while ago bull flag was created, after the break cake went sideways,as most of the altcoins did. Even it bounced from 17.5 levels to form double bottom scenerio, but this scenerio to be valid price needs to break(at least 1 daily close) 20.5 level(which is also 0.618 level). The target of bull flag is orange line, fibonacci 1.618 also states similar level 35-36. If you want some coin to be analyzed by me, please write in the comments. Have a nice one!
Long
by ekarasil
CAKEUSDT is testing the weekly support.CAKEUSDT is testing the weekly support. If the price is going to have a breakout from the daily resistance and turn into new support, According to Plancton's strategy (check our Academy ), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure.
Long
by InkyGrip
31
Why Cake isn't making big moves?Cake is now stuck in a barrier triangle ending Wave e at the top of the triangle (pink lines) means a downward move before bouncing upwards. Reasons why we aren't seeing Cake making big moves. 1. Short Wave ii 2. Extended Wave iii 3. Hidden RSI divergence Do note there might be a possible truncated Wave v as there has already been an extended wave iii. Not financial advice. Only meant for educational purpose. All price actions depends on BTC hence, possible invalidation of my analysis. Please trade at your own risk.
by investdimsum
4