CAKEUSDT trade ideas
CAKE shortCAKE bounced off the resistance level. Asset bounced down off the bearish trendline. Decline to support level at 4.11 is expected to happen.
CAKEUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for CAKEUSDT
As we analyzed on October 9, we expected a falling trend to happen and at the moment, this is truly happening. Here you see R2 as the resistance line that expresses the price was unable to rise at different points. R1 used to be a support line and S1 is a our support area at the bottom of this chart. At the moment, we have the price fluctuating below R1 area and our prediction would be a rise up to R1 (as it used to do in its past behavior) and then we must wait for some falling signs. Via having these confirmation candles, we will predict a decline for the price and our short position is activated. Please keep moving with us and follow our updates.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
CAKE fluctuated wildly last week!CAKE fluctuated wildly last week. The price of this currency showed a negative reaction after leaving the medium-term ascending channel by hitting the resistance of $4.8 again. The decline continued to the $4.08-$4.23 range, and this support was also met with a positive reaction. CAKE currency trend can range between these two support and resistance ranges. A resistance range in the price of 4.62 to 4.73 dollars is considered for this currency. It is a very important area to change the trend in the 4-hour time frame.
Therefore, buyers must return the price above this resistance for the price trend to rise in the 4-hour time frame. If the selling pressure in the market increases and the specified support is broken, the sharp decline in the price could continue to the range of $3.46-$3.65. As you can see, the price trend has not yet increased in the daily time frame. But the two defined blue support areas can prevent the price from falling further and returning to the bottom of the long-term descending channel. Observing signs of return and support in the lower time frames can make the trend upward for a short time.
CAKE WAS FUN BUT NOW ITS DONE! Multi Year Correction IncomingPancakeSwap CAKE/USD is showing some real weakness. The selling pressure is astronomical and its going to consolidate for a while maybe a few years if it sticks around. These types of projects will more than likely be weeded out by new regulation over the years. Unless Cake can move with the regulation coming then its more than likely going to tank. It had a nice run but many of these new crypto's and other crap coins/project are going to fizzle away in the next few years. This is not trading or financial advice just my opinion. Comment and like if you appreciate this content. Follow me for more frequent updates. Thank you
CAKEUSDT#CAKEUSDT
MACD is showing bullish
EMAs showing a bullish move
RSI is neutral
targets set at the chart
in daily chart time we have a falling wedge pattern and we are in over sold area and the price fall down from 44$ in 04/2021 i expect there will be uptrend move and bounced from the support area buy and hold it to the next targets at the chart
CAKEUSDTin daily chart time we have a falling wedge pattern and we are in over sold area and the price fall down from 44$ in 04/2021 i expect there will be uptrend move and bounced from the support area buy and hold it to the next targets at the chart
CAKEUSDT 4H ❌These analyzes are just to give a better perspective for you dear ones
Do not base on buying and selling❌
CAKE/USDT #SCALP #SIGNAL
#CAKE/USDT Looks good but if you're taking this trade so use very tight SL because the market condition isn't good, good Luck
$CAKE - Pancakeswap SR Set-UpTake a look at that beautiful clean and easily defined SR level on the H4. Hold or strong reaction off the topside and im long into $4.60-$4.8. Short if underside, targets at $3.6 $2.8
another winter is comingcake is shaping an ABC pattern that can fall 50% from 5.3 dollar with close stop loss this is very profitable position
cake / usdtRemember, this is just my analysis and I am not your investment advisor, so if you want to trade, be sure to analyze it yourself.
CAKEUSDT Price predictionCake has been respecting the above trendline from a long time and now it looks like its ready for a breakout.
In shorter timeframe we can see price is taking rejection from the blue zone which is a good resistance zone. If broken and sustains above the blue level we can see good move upside.
Cake.Usdt Daily chart RR 1-2"If you can't beat the fear, do it scared!"
"Be fearful when others are greedy, and greedy when others are fearful!" - Warren Buffet.
"Markets are a device for transferring money from the impatient to the patient. - Warren Buffet
"Show me the charts, and I'll tell you the news." - Bernard Baruch
"The secret to investing/trading is figuring out how rich you want to be and how poor you're willing to become."
"If you want to live like the 5% of the population who are hugely successful, then don't act like the 95%!"
CAKEUSDT - 1D Interval - Resistance and SupportHi everyone, let's take a look at the CAKEUSDT chart on the 1 day time frame. As you can see, the price of the cake is moving in the uptrend channel and is currently at the lower end of this channel.
Although the price is at the lower end of the current channel, we are also in front of an important resistance zone that starts at $ 4.57 to $ 5.14. If we manage to break the resistance zone, we still have resistance lines at $ 6.79.
However, if the price starts to fall, you need to look at what support we have in front of us and you can also see that the first important support zone is from $ 4.1 to $ 3.78, if the support does not hold the price, the next zone starts from $ 3.48 to $ 3.04.
It is worth paying attention to the CHOP indicator which indicates that we have a lot of energy for the next move, while the MACD indicator indicates that we are in a downward trend.
Pancake CAKE Strong Support LinePancake CAKE is now at a strong support line from which i expect a rebound to the following price targets:
CAKE/USDT
Entry Range: $4.19 - 4.70
Price Target 1: $6.00
Price Target 2: $7.70
Price Target 3: $9.45
Stop Loss: $7.70
BULLISH CHANNEL/CAKEsell it: if bullish channel id broken from below
buy it: if morning star candle is formed or break trendline in lower time
CAKEUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for CAKEUSDT
Based on our last analysis on September 28, we expected a falling trend to happen and fortunately, we had a true prediction and all our targets are hit since then. Here R1 is as our resistance area which includes the disability of the price in order to rise. And S1 and S2 area the support areas and both express the support of price at some points. Accordingly, we have the price fluctuating over S1 and we believe it will give us some rising signs for an increase toward R1. Or it is possible that the price loses the support at S1 and face a falling trend toward S2. The future reveals what will happen.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
$CAKE - Will this MELT Down soon!!Hello my Fellow TraderZ,
Few days ago, I have shared my view on $CAKE #PANCAKESWAP on Daily TF, where I had mentioned that Price was ranging inside an ASCENDING TRIANGLE, broke it and coming for the retest for the further upside move.
Today I'm sharing another possibility on DTF where it can be easily seen that the price is forming a Narrow RISING WEDGE Pattern. I'm not saying that this is going to be happen but just a possibility only if the Price unable to hold the current Support Zone .
Keep an close eye on $CAKE as both side RISK:REWARD is very good.
Happy Trading Fam. CHEERS!!!
long CAKE$CAKE bounced off the ascending trendline and the support level. Bullish movement to resistance level at 5$ is likely to happen.
CAKEUSDTThe long-term upward trend line has been maintained so far, on the other hand, a tight movement has formed in the four-hour time frame.
Keep in mind that the price can break out of compression both from the top and from the bottom, depending on the type of movement in the lower time frames, it is more likely to break out from the bottom.
The confirmation of the above scenario is the price reaching the $4 range.
We would be happy to hear your comments
CAKEUSDT | BEARISH SIGNSCAKEUSDT has been trading in bullish channel.
The price is now currently trading at upper boundary of channel.
The RSI has also printed bearish divergence too.
Make your trades accordingly.
