CAKE Short trade idea sell on the break of TLSell Cake USDT on the break of TL with good risk reward ratio
CAKE
CAKS USDT Short IdeaCake price is touching the lower support of the Channel. If it can break and close below on the retest we can go short with good risk reward
BAKEBUSDI was BAKing my BUSD in BINANCE for doubling it, I think this is one other LONG opportunity with R&R 2.1 at the TP0.
CAKE, a long term vision. CAKEUSDTHello my friends, A multi timeframe analysis of CAKE and a long term vision for investment. The price breakup the major resistance and usually after that will pullback to level as a retest. So If the price fixation in this area I expect price growth. You can consider it and the price actions in the circle to buy it. Good luck
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CAKE LONG?Cake usdt moving in a channelbuying zone is marked in red there's a diagonal support stop loss is mentioned as well.
CAKEUSDT 1day chartThe cake is currently testing the red zone area for the upward rally, once it breaks, we can see the good move up a rally in it. In case of failure of the test, the lower zones for buying points are the market. Buy the breakout of the red zone area, This will pump cake harder. Wait for the confirmation!
Note: I'm, not a financial advisor, do your own research.
CAKEUSDT : TP1 Reached ✅🚀 +21% ✅🚀Last Analysis of #Cakeusdt in 16.Aug.2021 : As we can see, after breaking its downward trend, the price is gathering strength to start a strong climb.
In order to buy, the SL (stop loss) and capital management must be observed.
All resistances and TPs (take profits) are marked on the chart.
(DYOR)
Now : TP1 Reached ✅🚀 +21% ✅🚀
CAKE Consolidates Within Ascending Channel, Eyes Breakout to $28-CAKE has risen 27% over the last week
-Price has been stuck within an ascending channel
-50MA has held as support for a month
Pancake swap has been in a strong uptrend for nearly a month. The rest of the cryptocurrency market has been going berserk as many coins have been surpassing their all time highs. CAKE has been working its way up to its major resistance zone ever since the start of August. Compared to other coins in its class, CAKE has yet to fully breakout and experience a parabolic push. As long as BTC stays steady, CAKE should soon experience a large parabolic push back near $30.
Shown in light blue, we can see how price has respected the ascending channel extremely well over the last month. It has kept price very tight with little swings. Each time CAKE has touched either trend, it has gotten pushed to the opposite. At the time of writing, CAKE is attempting to breakout of the top trend line of its channel. Along with this top trend lies the major resistance area found at $24.56-$26.53. If Bulls manage to clear this zone along with the top trend line, we may see CAKE surge to its given targets.
Consolidation within this resistance zone is likely to occur as its one of the largest areas to break for CAKE to go parabolic. In this case it fails to hold this resistance zone, price will first find support at the bottom trend of its channel. This area is also near a major support level of $22.98. If bears push price down to this level, there will likely be some type of bounce. In addition to these two supports lie the 50MA. This MA has held price up for a month. If at any time CAKE breaks below this, expect a downtrend to occur.
While looking at the Stochastic RSI, we can see that strength is hanging out within the over bought territory. CAKE must break out of its channel soon or it will begin to lose strength. Breaking below the 80 value will likely cause a retracement to occur. The RSI has been attempting to break a downtrend line for many weeks now. For CAKE to really see some explosive growth, price must fully break this downtrend line & aim towards the overbought region.
CAKE Intraday Analysis
Spot rate: $25.33
Trend: Bullish
Volatility: High
Support: $24.56
Resistance: $26.53
CAKE/USDTCAKE/USDT - going to long, as long as I am going to hold it, I am gonna put this to the farm for staking, until trend's gonna change
CAKEUSDT: BREAKING DBW PATTERN, FAKE BREAKOUT/ CONTINUE BULLISH?Hello Traders. Here's free outlook for you! Don't forget to smash the LIKES, COMMENT, and FOLLOW button to support the channel.
UPDATES FOR CAKEUSDT:
CAKEUSDT is breaking descending broadening wedge pattern, the momentum indicator is pointing up in the oversold area, indicating that CAKEUSDT is potentially continue moving upward.
The roadmap will be invalid after exceeding the support/target area.
DISCLAIMER:
This is only potential outlook, not a recommendation to buy/sell the cryptocurrency.
CAKEUSDT: DESCENDING BROADENING WEDGE, THE BULLISH OF ALTCOINS?Hello Traders, Here's a free outlook for CAKEUSDT. Don't forget to smash the LIKE, COMMENT, and FOLLOW BUTTON to support the channel.
CAKEUSDT is forming bullish continuation pattern, breaking descending broadening wedge pattern, potentially move to the resistance/target area.
The roadmap will be invalid after exceeding the support or target area.
Trading Signal For CAKEUSDT Trading Signal:
A Trading Signal is seen in the CAKEUSDT
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 21.450
⭕️SL : close below 20.595
🔵TP1 @ 24.860
🔵TP2 @ 28.315
🔵TP3 @ 32.750
PREVIOUS SIGNAL
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Cake going for 24 and then 32We have a double bottom and a hidden divergence at 4h timeframe and a beautiful double bottom at 24$ in daily timeframe which take us to 32$
CAKE going down. H&SCake going to down . Right now it’s clear H&S. Entry and target showed on pictures. Not financial advice. DYOR
CAKE - What's Next? 🧐Cake has been on a bullrun since we saw the triple bottom in late July. We have been steadily climbing but we have now gone away from the ascending trendline in the form of an ascending correction = reversal pattern.
If this ascending correction breaks down completely, we might see a deeper correction heading back down to the $16 where we have previous structure. If its a small retracement, look for a bounce off the ascending trendline.
CAKE - What's Next? 🧐Cake has been on a bullrun since we saw the triple bottom in late July. We have been steadily climbing but we have now gone away from the ascending trendline in the form of an ascending correction = reversal pattern.
If this ascending correction breaks down completely, we might see a deeper correction heading back down to the $16 where we have previous structure. If its a small retracement, look for a bounce off the ascending trendline.
CAKEUSDT 1D TFAs we can see, after breaking its downward trend, the price is gathering strength to start a strong climb.
In order to buy, the SL (stop loss) and capital management must be observed.
All resistances and TPs (take profits) are marked on the chart.
(DYOR)
FTM/USDT#FTM is trying to break the white resistances line (the strong rectangle); If it does and turned it to support, that would be very bullish.
I think it will back to 0.38$ and will rise again to its big target.
CAKEUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 4-hour time frame. As you can see, the price is moving above its support line. And for now, we think the price can touch our target. But as long as the price is moving above the support line, we are in an uptrend.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
CAKE can't Increase Further much more.Hi every one
CAKE / TETHERUS
CAKE/USDT is doing a impressive bullish movement but It can't last for ever. Each Trend needs a correction without a Doubt. so as you can see If we put a Harmonic pattern Like Crab on the chart we can Understand that the Price's bullish Trend is about to End (Pay attention to the EX Ret which is 1.681) so yeah the Bullish Trend can continue a little longer but It will End and The correction will be up to the 0.618 line of the Fibonacci Retracement and after that of course a Bullish Movement will be started. There is also a Regular Bearish Divergence (-RD) on MACD as well which makes the Downfall of CAKE much more reliable.
summery:
-CAKE's Bullish Trend is about to End.
-Crab pattern shows It's about to end and time for correction
-correction can be up to 0.618 line of Fibonacci
-(-RD) on MACD makes the Expect correction more reliable.
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Have a nice day and Good luck
Cake-USDT updateNext targets: 23.3 - 27 - 31.5 - 36 - 38.5 - 40 - 42.8 - 45 - 66.5 - 101 - 136 - 158
PancakeSwab/Usd looks bullish but vulnerable to correction PancakeSwab/Usd looks bullish but vulnerable to correction.....................................................................
