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CAKE / TetherUS

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CAKEUSDT trade ideas

CAKEUSDT Analysis April 26, 2022This is a great example of the simplicity of technical analysis and the power of the Engineer. We've become Bearish on PancakeSwap, CAKE , sooner than we anticipated. The three BUY signals fired on Thursday March 17, 2022 and within a month, we received three SELL signals on April 11. The Horizontal Resisitance Line at ($9.35) has formed a double top and we cannot break that Weekly Downtrend Line. We took some profit in that $9.50 - $10.00 range and then Sold with the three signals at ($7.60). And then CAKE started increasing in price again, making us second guess ourselves because we were not in a trade. A Buy 2 signaled and we became even more nervous, but we need two (2) signals to enter the trade. Good thing we followed our trading strategy because we have dropped pretty hard today. We would of been all over the place had we not followed our Strategy and Signals. Not Financial Advice...Trade with Confidence and Control.
Short
by tradinggrey
Do you want some cake?At the request of a subscriber. Breaking through the downtrend on high volumes, it is advisable to bury the day above the current values, the price has not yet corrected the fall, so there is an increased probability of going down to 0.5 fibonacci. The option of working out this scenario is higher if there is a retest after the beating, after the retest, you can apply the fibonacci extension and start from these levels. Option to cancel the scenario closing the day below the downtrend. It is better to enter after fixing above the downtrend Thanks to all investors for trusting us <3
Long
by Colibri_Capital
8
CAKE/USDT TRADE SETUPHi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Do consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome in this chart, Do not consider it as financial advice. Welcome to this CAKE/USDT TRADE setup. CAKE looks bullish here. CAKE is breaking out from the bullish pennant in 1hr time frame. Expecting a 20-22% pump from here. Buy some now and add more in dips. Entry range:- $9.2-$9.4 Target:- 20-22% SL:- $9.04 This chart is likely to help you in making better trade decisions if it did consider upvoting this chart. Would also love to know your charts and views in the comment section. Thank you
Long
by CRYPTOMOJO_TA
CAKE/USDT TRADE SETUP! BREAKOUT!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this CAKE/USDT TRADE setup. CAKE looks bullish here. CAKE is breaking out from the bullish pennant in 1hr time frame. Expecting a 20-22% pump from here. Buy some now and add more in dips. Entry range:- $9.2-$9.4 Target:- 20-22% SL:- $9.04 If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
🔥 CAKE Short-Term Bullish: Roadblock AheadCAKE has been one of the weaker cryptos of the last year. However, CAKE has been a relatively good performing crypto over the last couple of weeks. With CAKE seemingly bullish, it's time to start looking at a potential bullish break out of the bearish channel in which CAKE has been trading for over a year. With the overall crypto and stock markets showing signs of bearishness, I'm not yet convinced on a bullish break out. Ideally, we get strong bullish price action in the afore mentioned markets and a strong rally in CAKE to push the price through the top resistance of the channel. To be continued. Happy trading!
by FieryTrading
6