CAKEUSDT trade ideas
CAKEUSD ❕ the price under an upper boundary of channelCAKE is moving in the descending channel and is near the upper boundary of the channel.
Main MAs are bearish (1H TF)
Price and RSI have formed a bearish divergence (30m TF)
I think the asset may start to decline if after a test of the upper boundary it fixes under it and continues to move in the channel.
CAKE short$CAKE bounced off the resistance level. Bearish movement to the support level at 3,13$ is possible.
Cake Current View. Take A Look!Cake's downtrend broken. Now we need to wait for a re-test movement. No doubt it will be better this way. Blue trend line rising trend, if this trend line breaks, we can buy second tier from the black circle. This zone are safe place to buy. Price drops can trap you inside but it will rise again. Good luck.
🔥 CAKE Dying Slow And Painfully: Reversal When?CAKE was one of the major winners of the early 2021 bull-cycle, where it became very popular for it's staking and farming capabilities.
However, with CAKE being an inflationary token, it means that CAKE is under constant selling pressure from investors who sell their staking rewards.
When looking at the chart, you can see that there's little to be excited about. CAKE is falling and there's no reason to believe that we're going to reverse shortly. If anything, I wouldn't be surprised if CAKE will trade below $1 before the end of the year.
So, when can we get excited?
Simple, a bullish move above the dotted purple resistance. Only then I'd be looking for bullish entries. Till then, bears are happy and shorting remains a valid strategy.
pancake swap update pancake swap update its a long way to go so many resistances on the way
we need bullish news and volume to break all these
📈PancakeSwap #CAKE $CAKE (July-16)CAKE is forming quite a lot of Bullish patterns at the moment, showing that buying power is gradually returning to CAKE and a reversal could happen at any time.
We can accumulate CAKE in the $3 zone and expect a rally and break out of the Symmetrical Triangle pattern to rally strongly to the $4 and $5 zones in late July and early August.
However, if the $3 zone is lost, it can fall to the $2.5 zone to retest this zone
PancakeSwap shortPancakeSwap bounced off the resistance level. Asset broke trough off the ascending trendline. Bearish movement to support area at 2.5 is possible.
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!)
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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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!
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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.
