CAKE COIN - Update ✅CAKE rejected the 5.50 - 6.00 price area as we expected in the previous analysis, from a technial perspective we are from there in a bullish market strucutre. Price shifted the strucutre from bullish into bearish somewhere around 7.0$ where it broker above the last high with a huge momentum. The long-term targets for CAKE are around 11.50 where we have a bullish imbalance. This should happen in the future, but i will wait for a retracement somewhere around 7.50 / w1 imbalance and then enter LONG TRADES from there
What do you think ? Comment below..
CAKEUSDT trade ideas
CAKE / USDTNow cake in TIME FRAME 4H is in this pattern
just keep eye on it to make it short or long
I do trading based on patterns so I hope you guys know how to set up your trades target and stop loss
GOOD LUCK GUYS
THIS IS NOT FINANCIAL ADVICE IT'S JUST MY PERSONAL OPINION
DO NOT FORGET TO USE STOP LOSS
CAKE/USDT Pancake swap token technical analysisCurrently CAKSE/USDT is heavily undervalued in my opinion and it is currently test marketing at its current level, if breaks out thats a perfect time to buy if it drops down to bottom support that would be even better to make more profits!!!
White line = current support
Red line = current resistance
Yellow line = future resistance
Orange line = future strong resistance
Cyan line = future resistance
Green line = top resistance
Not financial advice do your own research i just post trades that i do myself!!!
BINANCE:CAKEUSDT
CAKEUSDT Analysis (LOCAL VISION)Hello friends.
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Everything on the chart.
Entry: market and lower
Target: 8.5 and 9.9
after first target reached move ur stop to breakeven
Stop: 5.9 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 2.5
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
CAKEUSDT Analysis March 30, 2022We've become Bullish again on PancakeSwap, CAKE after saving you over 70% with the SELL signals in September, 2021. The three BUY signals fired on Thursday March 17, 2022 and CAKE is looking mighty fine! The Horizontal Resisitance Line at ($6.80) is broken, the Daily Downtrend Line was broken, and we are moving in on the ($9.35) Resistance and Weekly Downtrend Lines. We placed a 50% BUY with these BUY signals and a 20% BUY when the Downtrend was broken. We can expect to Double our money in the $13.00 to $15.00 range but will take some profit in that $9.50 - $10.00 range. Not Financial Advice...Trade with Confidence and Control.
CAKEUSD might initiate a false breakoutCAKEUSD was pumped recently following the overall strength of BTC and other cryptos. However, in a context of a massive downtrend, which preceded this action, it would rather create a false breakout and slide back to the range. It might open an interesting opportunity for a counter-trend trade.
CAKEUSDT LONGS 💰💰💰💰 Expecting bullish price action on CAKEUSD as price shifted the structure from bearish into bullish making a BOS (break of strucutre) move, i think for now we will see a retracement move then the price will go higher to fill the BIG BEARISH IMBALANCES aka price inefficienies around 10.23
What do you think ? Comment below..
CAKE buy time ? 🤔🐺Hello traders 🐺 .
in this idea I want to talk about the pancake swap token (CAKE) , and in my opinion this is a very good buy opportunity for the CAKE holders , also if you looking for the staking the CAKE token , this could be a great opportunity for you , because currently CAKE is undervalue and if this coin trend reverse from bearish to the bullish , current price could be a very great buy opportunity .
Let's talk about the CAKE possible bottom :
in the chart above you can see in the overall view , CAKE was formed a very big M pattern or in the other word double top pattern , and after breaking the neck line which is also the weekly structure (red box) , price was dropped about 45% and reach the M pattern target which is shown by the 0.618 Fibonacci level .
in the other side we have a very clear descending channel which is currently CAKE is trading inside it and in my opinion you can make fantastic gain after break the channel .
RSI :
In the RSI we have a bullish divergence , which in my opinion could be the first sign of the trend reversal , and if price success to break the channel we could say that this is the confirmation of this bullish divergence .
TSI :
TSI is about to break above the zero line and if we put all of this information together , we can conclude that trend reversal is very imminent for the CAKE but always wait for the last confirmation and trade safely , but
how we can trade it ?
As you can see , CAKE is near to the daily resistance structure and the EMA Ribbon resistance lines , I expect something like a above picture for the CAKE and I like to wait for the break out from the daily resistance and also break above the EMA Ribbon and retest them as a new support for opening a long position on CAKE .
But always remember to trade based on your trading strategy and this idea is not a financial advice