cake on the roadits time to buy the cake , we have a nice support area and u have to way to open your position ,
first : when the price is on the support line ,
second : when the price break the top resistance
" have a good trading time "
CAKEUSDT trade ideas
CAKECake, after a month rising, ended up forming into a flag. He had his premature breakout on the 7th, showing a Bull Trap, a long trap. Demonstrating that bulls were not so hot. The funny thing is that I just realized that we still have a Trench (rectangle or accumulation) call it what you like. The important thing about this is that we have two important factors to consider:
1. Bull trap
2. rectangle
If Cake breaks this rectangle it will have a currency devaluation of almost 18% or more, it will all depend on whether it holds straight support or not. Time to get smart with this coin!!
BUY BACK OPTION ON CAKEUSDTDid you miss the first buy opportunity on CAKEUSDT? If your answer to this question is Yes, then you are not yet missing out. This analysis on CAKEUSD T shows that you can still acquire yourself some cake and make profit. What do we have? We have very interesting price action.
- Market broke out the symmetric triangle
- Break of structure
- The end of a complete retrace
- And also we have the W pattern. After a W pattern, we expect the market to retrace back to the neckline and continue the move the upside, thus completing the impulse correction impulse (basic market concept).
It is also interesting to not, that the demand area that was found by the market, is in confluence with the 61.8% of the Fib, which is considered by some traders as being the golden ration of trading.
So if you missed the first buy (Orange Zone), you can still buy once more or add the cake to your bag in view of making some profit on the coin.
N.B: Make sure that you make good use of money and risk management beause of the volatility of the crypto currency market. This is not a financial advice. make sure to do you own research if possible.
CAKEUSDT Daily TimeframeCAKEUSDT Daily Timeframe
#Pancakeswap project
#Cake has performed a beautiful Cup and handle. Breaking successfully above the resistance area could generate approximately 100% profit. Have in mind this TA is based on daily Analysis, therefore it might take longer to take place.
This is my personal opinion and please do your own analysis before taking any position and enter any position only after assuming you as the responsible person. Trade at your own risk!
CAKE is getting ready to reach the MOOOOOOON!In this chart, you can see a clear downtrend that seems to be broken and there is a pullback on the same downtrend line. Also, the good news is a really strong SUPPORT about 16.5$.
On the other hand, a nice HL is happened (17.2$). So we can wait to will occur a HH in the feature.
CAKE - Preparing for another uptrendCake preparing for another uptrend.
🔴 Stoploss: 1D candle closing below 16 ( manually )
CAKE! great bullish zoneIt's time to move the cake.
The downtrend line is broken.
The pullback is also completed.
We seem to be seeing good growth until the first target.
The analysis will be updated later.
$cakeCAKE/USDT
🌳 BUY ZONE 1 : (17.3 - 18.3)
🌳 BUY ZONE 2 : (15.5 - 16.0)
🎯 TARGET on the chart ( 100% )
⚠️ NO STOPLOSS
CAKE/USDT: Daily Timeframe, Traget is $114 end of the year The cake is at its most critical time. CAKEUSDT daily chart forms a triangular pattern And it fluctuates between two important Fibonacci levels for more than 2 months. If cake breaks triangular pattern upward, Targets are $31 and $44
If the bitcoin reaches $100,000, CAKE can reach $114
CAKE/USDTOn a daily TF, the price floor of CAKE can be around $17, and you can enter at this price. The price is in the range, and it is at the bottom. If the market grows, the targets are $20, $23, and $26.
🐺CAKE is on the decision zone🐺Hello traders 🐺
before talk about the CAKE , I want to Congratulations to all @kiu_crypto followers ; because if you take some time and look at to all of my ideas up to now , you can realize that 35/59 of my idea already in profit , which means about 60% of my ideas hit their target and 40% of them already is at breakeven point or a little bit in loss . 🚀🐺
let's talk about cake :
if you look at the RSI you can see very clear bullish divergence , and also in the chart CAKE price formed W pattern which is a very good sign for the CAKE , because already CAKE is on the daily support structure ( blue box ) . this is a quick update about the CAKE because already i have an idea about CAKE which was published before , so of you are interested in CAKE make sure that read my previous idea about CAKE .
CAKE has high potential to grow, just buy if...!Hi dear followers, CAKE token is undervalued in my idea and there is a big move ahead for this token.
At the moments this token is completely in a downtrend as u can see, There is possibility for more falling before going up.
Where is the best place to buy?
If you want to buy this coin, The most important thing is to wait for breaking up the downtrend trend line. Buy after breakout and re-test.
ATH is easily in access for this coin and until end of the year.
cakeusdt in daily timeframethe cake is a good coin in market, we can buy it at 18$ and 17.24$ for long time
Cake is ready for next leg upCake is moving in a parallel channel and is at the bottom of the channel, best spot to buy. This will go back up $50 soon.
