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CAKEUSDT trade ideas

CAKEUSD - Pullback after the rallyLooking at the CAKE/USDT chart, the price is currently undergoing a corrective move following its significant upward surge that reached around 3.40. The orange box around the 2.20 level represents a strong support zone that could act as a base for the next leg up. This correction appears healthy and natural after such a strong rally, allowing the market to reset before potentially resuming its upward trajectory. Once this pullback completes around the support area, we might see renewed buying interest that could propel CAKE to new highs, continuing the established uptrend. The previous price action and market structure suggest this support zone could provide a solid foundation for buyers to step in.
Long
by financialflagship
CAKEUSDT CHART ANALYSİS- EDUCATİONAL POSTDiscover what an NFT is and what all the hype is that's surrounding the space. An NFT, or non-fungible token, is a unique, digital certificate stored on a blockchain. This guarantees the originality of any item, giving the owner exclusive rights to it. Such tokens cannot be discreetly tampered with, split, or replaced because of the nature of the blockchain structure and anonymous encryption technology. Therefore, this system is best suited for securing rights to a unique object — a work of art, real estate, an artifact in a computer game, or something similar. This article will help you understand the peculiarities of the NFT concept and learn about the most expensive and unusual non-fungible tokens since their creation.
by EngineeringRobo
CAKE is About to Break! (Possible Short-Term Correction)Hello Traders 🐺 . As you can see on the chart, CAKE is approaching a critical breakout level , but before that, we might see a short-term correction to shake out weak hands. This could be a healthy retracement before a strong bullish continuation, so keep an eye on key support levels! 📊🔥 Are you ready for the next move? 🚀 In my personal humble opinion, we could take a look at the daily chart to find a good entry price and make the most of the upcoming volatility : As you can see in the chart above, the price might correct to the buy zone for reaccumulation before continuing its upward movement. If BTC.D keeps dumping, we could expect even more bullish action! 🚀 Make sure to check out my BTC.D analysis and follow me for more updates! 🔹 Midterm Target: If CAKE successfully breaks the monthly resistance, the next major target would be around the 0.786 Fibonacci level , which also acts as a strong resistance ! 📈
Long
by Kiu_Coin
2
CAKE Ready for a Breakout? Cup & Handle Pattern in Play!Analysis: #CAKE is in a strong uptrend and is currently forming a cup and handle pattern on the 30-minute timeframe. This is a classic bullish continuation pattern, signaling a potential breakout. Key Observations: 🔹 Higher Highs (HH) & Higher Lows (HL) indicate a healthy uptrend. 🔹 Bearish divergence spotted—indicating a possible retracement. 🔹 If support breaks, we may see a trend reversal. 🔹 If the handle completes and #CAKE breaks out, it could be an ideal buying opportunity. Strategy: 🔹 Wait for breakout confirmation above the cup resistance. 🔹 Entry: On breakout with volume. 🔹 Stop Loss: Below recent HL. 🔹 Target: Measure the depth of the cup for a price target. Final Thoughts: This setup has high potential, but always use proper risk management. What’s your take on #CAKE? Will it break out or break down? Comment below!
Long
by mudusir
3
CAKEUSDT UPDATECAKEUSDT is a cryptocurrency trading at $21.85. Its target price is $3.500 is likely incorrect, as it would be a significant price drop. However, assuming the target price is actually higher, a more plausible target would be around $39.41, indicating a potential 80%+ gain. The pattern is a Bullish Falling Wedge, a reversal pattern signaling a trend change. This pattern suggests the downward trend may be ending. A breakout from the wedge could lead to a strong upward move. The Bullish Falling Wedge is a positive signal, indicating a potential price surge. Investors are optimistic about CAKEUSDT's future performance. The current price may be a buying opportunity. Reaching the target price would result in significant returns.
Long
by CryptoWithJames
1
CAKEUSDT Falling Pattern Setup with 100%-150% Potential Gains CAKEUSDT has recently formed a Falling Pattern, a chart formation that typically signals a period of consolidation or potential reversal. This pattern is often seen in markets that are in the process of finding a bottom before making a sharp upward move. For CAKEUSDT, the pattern is accompanied by good volume, which indicates that there is solid market interest and a buildup of potential for a breakout. With a projected gain range of 100% to 150% or more, traders are watching this pair closely, hoping to capitalize on what could be a significant upward move once the price breaks out of the pattern's resistance. The Falling Pattern typically shows a series of lower highs and lower lows, followed by a potential breakout when the price moves through the key resistance level. The increasing volume during this phase suggests that buyers are starting to take control, positioning themselves for a potential rally. Investors are growing more interested in CAKEUSDT as it shows signs of bottoming out and setting up for an explosive upward movement. If this pattern follows through, traders could see substantial returns as the price looks to reclaim its previous highs. As with all chart patterns, the success of the Falling Pattern in CAKEUSDT depends on several factors, including broader market conditions and the overall sentiment in the crypto space. However, the good volume backing this pattern suggests a higher likelihood of a strong reversal. If CAKEUSDT can break above the resistance formed by the Falling Pattern, the next phase could be a sharp rally, potentially pushing the price higher and providing traders with significant profit opportunities. Traders should remain cautious and monitor key support and resistance levels to make informed decisions as the price action unfolds. If the market continues to favor bullish momentum, CAKEUSDT could experience a strong breakout that leads to notable gains. Given the current technical setup and investor interest, this pair could be one to watch closely in the coming days or weeks for those looking to capitalize on the next big move.
Long
by Alpha-GoldFX
CAKE picking up from the dustNot much to say here, want to highlight two points. Price is being attracted to huge FGV areas created by panic sell-offs, the second, massive sell orders at 1,2usd indicate overleveraged positions were closed by margin calls removing possible sell-offs later at higher prices. Cake fell much more than other coins, hope we can pickup soon as the platform is one of the best if not the best defi in my honest opinion. Idea will be invalidated at strong 2usd price pushback.
Long
by Suhulo
Cake supply/demand zones with volumeCake touched the nearest demand zone and bounced back as BTC sell-off was intensive but short. Might be re-visiting this zone and even lover to 1.664. All depends on the general market condition and mood. The altcoin season is slowly approaching. This time it takes BTC dominance to climb higher much longer due to competitors among alts and general world economy condition. During alt season might be surprisingly outperforming competitors but it will not last long. This coin is still not made for long-term holding rather for short-term trading. Lower highs and higher lows are narrowing the corridor for upside breakout with strong potential.
by Suhulo
CAKE on the way upCake just entered the tiny buy channel crossing 2.17usd with several local bearish targets on the way back to 4.5usd. As you see on the chart the sell-off from the previous local top 4.5usd was mainly caused by panic sellers/whales, there are 8 fair value gaps (red squares) going down from 4.5usd whereas the growth to 4.5usd counts only 2 (green squares)! FVG (fair value gap) acts as a magnet in both directions, which means the red ones attract the price from below levels up and the green ones from upper levels down. In other words, if the price was unnaturally pushed down, it can jump the same way up and vice versa. The price was pushed down significantly which may be an opportunity.
Long
by Suhulo
2