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CAKEUSDT trade ideas

PancakeSwap (CAKE/USDT) technical analysisPrice was moving in a steep downtrend channel; Now, the price has broken the channel and it looks like it's ready to change the direction to an uptrend. Although, the price might test the long horizontal resistance line one more time; be ready. If the uptrend wave starts, the first and second targets are the bottom and the upper side of the triangle, respectively. After that, the projection of the price target will be an area around the thick uptrend line.
Long
by SaeedSalehinia
Binance: CAKE-USDT Buy / Long D1Binance: CAKE-USDT Buy / Long D1 Entry: 14.2$ Stoploss: D1 close below 11.5$ Target: 26$ and hold longtern 40$ Pancakeswap is a diverse product set that turns Pancakeswap into a true DeFi station on the Binance Smart Chain ecosystem. Trade: Trade and generate LP tokens to provide liquidity. Farms: Yield Farming with an extremely large number of pools (the liquidity center of the BSC system). Pools: Stake CAKE to receive CAKE or other tokens in the BSC system. Predictions: A mechanism that predicts the rise and fall of asset pairs over a certain period of time. Lottery: Lottery game on Pancakeswap. Collectibles: Collect NFT items. Team Battle: A program to participate in trading between groups and ranked based on trading volume. IFO: Initial Farm Offering is the IDO Platform for new projects on the BSC system.
Long
by Tran_Tri_Tai
1
CAKEUSDT - HOVERING AROUND A SUPPORT ZONE!CAKEUSDT After dropping from the 26.00 level it has already broken the support area around 17-18, becoming a resistance area. Now it has been bouncing from a Support zone where the Trendline support also lies. If bulls successfully pull the price above 14.00 then they can target 17.00 followed by 20. On the other side If that support zone will be broken, then we can see a selling pressure towards 10.00 followed by 8.00. Good Luck!
by JustTradeSignals
CAKE Bull FlagBINANCE:CAKEUSDT Everybody wants to kill me because Cake price fell hard. Many throwing in the towel at the worst possible moment. However, what I see is a big Bull Flag Pattern, which should lead to higher prices when it finally breaks to the upside. To do that, we need to go above $19 USDT. If we do, the minimum price target would be $34 USDT. A target that I expect will be meet before year end. www.freeonlinetradingeducation.com Critical support would be $14 USDT. We had increased volume in the last 3 days, which is good, as it could signal the final liquidation and price bottom. Also, the RSI indicator is deeply oversold, which could also signal a bottom. I hope you find this interesting and good luck to you
Long
by Raul_Dominguez
8
CAKEUSDT in Buy Zone Area! [Low-risk Setup]Good day, TradingView fellows! I believe $CAKE is testing its support recently. The good buy zone is at $9 to $13. I am anticipating it will hit $18 in the short-term, $24 in the medium-term and $39 in the long-term. This analysis is suitable for swing traders and long-term traders. Entry: $9 - $13 TP 1: $18 TP 2: $24 TP 3: $39 The idea published is not a financial advice. The content of this idea is solely the opinion of me who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. This does not guarantee any particular outcome. Always DYOR (Do Your Own Research) and trade at your own risk. Let me know your insights in the comment section. Give this work a thumbs up if you appreciated my analysis. Smash that follow button for more upcoming low-risk setups! Thank you so much in advance. Good luck, Alexis
Long
by alexisdelayola
2
Cake is in king's hands!correlation of cake and bnb with btc is major thing here. so their future is in king's hands. if btc goes bearish cake target is 10.9 but if btc recover and goes bullish cake target is 16. i think btc bearish movement is a stronger scenario beacuse if you watch btc monthly timeframe then this is a time for some correction! we have to wait and if we see a green candle for btc then cake is gonna rise. i think now cake price is still good for cake holders and stakers.
by hasanb1986