Cake long positionCake long position. Several price targets along with stop loss.
On higher time frame looks like it has capitulated and has been building into this resistance here.
CAKE/BTC looks healthy enough.
CAKE
CAKEBTC is ready to pump more than 6%#Cake in it's #BTC pair broke out the dynamic resistance and it is buy opportunity
Targets and stop loss are available on the chart
PancakeSwap longPancakeSwap is bouncing off the support area which is also matching with the Fibonacci 0.382 retracement level. Bullish trend is expected to continue up to 11.0.
CAKE LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on CAKE as price shifted the strucutre from bearish into bullish making (bos move) price retraced back into the W1/D1 imbalance and from there we can see a push towards bearish orderblock area on the D1. Market Sentiment in crypto for now is in a EXTREME FEAR meaning there is a good buying opportunity.
What do you think ? Comment below..
PancakeSwap CAKE Price Targets and Stop LossCAKE/USDT
Entry Range: $7.30 - 8.80
Price Target 1: $10.90
Price Target 2: $13.50
Price Target 3: $16.80
Stop Loss: $6.60
Previews chart
CAKE, the trendline BREAKOUT! Is PUMP still possible?PancakeSwap(CAKE) broke the trend line and tested it as support. This shows the strength of the buyer, but at the same time the volume has not increased. So, a local dump with a false breakout is possible, after which it is ok to open a long position with a profit risk of 1:5 or more!
Large volumes in the fall of the price show that someone has accumulated a position, therefore a local PUMP is possible.
Targets:
1. $9,20-9,40
2. $9,75-10
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
CAKE is Ready to Make Another Bullish MoveAfter successfully testing 8.40 region it is gathering strength to make another leg up where it will target 13$ area but before that it have to deal with the 200D EMA which can challenge it further. Currently its in a good buying zone but trade from this point will not lead directly to 13$ it might remain in range for few days.
ADAM & EVE Pattern , Daily, CakeUSDT in Daily Timeframe made an double bottom "ADAM & EVE"pattern and broke the resistance line now is retesting the line.
This makes it Extra-bullish!
Cake has great potentials to jump from here.
CAKEUSDT up trend channel ! As the recent correction end it made higher low Pivot and now put the price in an uptrend channel !
hope see Moon Cake !
CAKE BULLISHMarket just finished 1-5 Elliot wave bearish and broke out of an downtrend, going up it created high volume institutional candle, we are forecasting to see a pump up retrace to our institutional candle and rise to 15.80 zone.
Entry: 9.94 (After retrace)
Invalidation: 8.73 (recent HL below buy zone)
Target: 15.80
R/R Ratio: 4.84
CAKEUSDT (4H "LONG" 25%-50% PROFIT SPOT)Targets are : Short Term $7.15 - Mid Term $8.3 - Long Term $10
Reasons for long :
Huge volume !
Huge engulfing !
Ressistance breakout
Avarage true range
for sure there would be corrections dont get panic
if you buy it in spot market no need to use stoploss
GODBLESS
💡Don't miss the great buy opportunity in CAKEUSD @PancakeSwapTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (6.33).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CAKEUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 74.
Take Profits:
TP1= @ 7.24
TP2= @ 7.72
TP3= @ 8.59
TP4= @ 9.99
TP5= @ 11.11
SL= Break below S2
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💡Don't miss the great buy opportunity in CAKEUSD @PancakeSwap
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (6.33).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CAKEUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 74.
Take Profits:
TP1= @ 7.24
TP2= @ 7.72
TP3= @ 8.59
TP4= @ 9.99
TP5= @ 11.11
SL= Break below S2
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. . . . . Please show your support back,
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Now, It's your turn !
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Whatever happened to CAKE?Whatever happened to $CAKE? it seems to have lost it's icing. Been in a constant downtrend since August 2021, current daily candle could close as an inverted hammer depending on what happens with BTC, which is quite bearish and get a rejection from the resistance. Reclaiming the area where the order block is at and flipping it would signal a bullish reversal, adding an alert on this one would love to see what happens to it.
$CAKE´s road back to $10So it seems $CAKE has woken, finally, a bit.
Well I´m falling short: The Pancake Swap token has seen a horrible $5 figure lately (all time low!) and being back in a $9ish track is no small thing for holders/stakers.
We were in a pretty neat uptrend channel up until March 22nd morning (10am more precisely) when bitcoin made a bold correction downwards dragging everything crypto with it.
Interesting enough, $CAKE attempted to regain such channel but ending up rejecting the $9.5825 level on April 1st, 16pm.
Thereafter it was a swing low only stopped by Fibonacci 0.618 (approx. $8.78-80) and .... Voilà ! A new cloned parallel channel was formed, identical to the prior one.
That´s where we are right now.
Expected oscillation is between 9.89-9.2859 finally leading to a long-waited $10.17 value (perhaps on the 4th of March).
We all hate mondays but...
Keep tuned for more CAKE news!
CAKE COIN - Update ✅CAKE rejected the 5.50 - 6.00 price area as we expected in the previous analysis, from a technial perspective we are from there in a bullish market strucutre. Price shifted the strucutre from bullish into bearish somewhere around 7.0$ 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..
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
💡Don't miss the great buy opportunity in CAKEUSD @PancakeSwapTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (8.55).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CAKEUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 9.60
TP2= @ 10.38
TP3= @ 11.59
TP4= @ 12.66
TP5= @ 13.48
SL= Break below S2
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. . . . . Please show your support back,
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💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in CAKEUSD @PancakeSwapTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (8.55).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CAKEUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 9.60
TP2= @ 10.38
TP3= @ 11.59
TP4= @ 12.66
TP5= @ 13.48
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Cake first target hitCake looking good since i called the bottom on my previous chart
hopefully you got in on my previous chart and enjoying the ride
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
Fat traders love CAKE - CAKEUSDDear traders,
Intro: My name is Hugo, I am 25 years old and trading crypto currencies since late 2017. English is not my main language, however, I will try to explain everything brief and clear. Be aware that I am still in the learning curve. Every idea I post is not financial advice and is only meant for entertainment purposes only.
PancakeSwap (CAKE) is a decentralized exchange built on the Binance Smart Chain (BSC). Since 2021, the platform was the largest automated market maker (AMM) on the BSC network, with over $3.76 billion USD in staked assets. The popular DEX facilitates token exchanges, staking, and yield farming.
Besides the fact that PancakeSwap is a huge player in the DEFI scene, the charts looks amazing as well imo. I am buying when it breaks the green line to the upside and retests (swing failure // S/R flip).
Target is in the chart.
Goodluck,
Doctor Hugo
CAKE : Long ideaCAKE is testing the downtrend line and the red resistance box in the Daily timeframe. If price fixes above the downtrend line and the red box, We may see a good uptrend in #Cake
