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Cakeusd

CAKE profit 10% after 1h SHORT signal - more to come?Please Like or Follow if you enjoyed this content. UPDATE: The price dropped 10% after Short signal. This trade was a piece of cake! Price is below Ichimoku cloud and RSI is still bearish. Then again RSI and CBrown is forming a bullish divergence. CCI is oversold. A bounce up is likely. However if price drops here another leg, next support is around 10.10 USDT. This analysis is made with my "Supertrend Ninja - Clean". It displays only the last few signals. Which gives it a clean look. When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. A red background indicates a possible bearish downtrend. Currently CAKE is still in a downtrend on the 1h chart. Supports and Resistances are highlighted as grey blocks. Profits can be taken at each grey block. Supports and resistances are automatically drawn using my indicator "Yo Show Me Some Support - and Resistances". Pun intended. Thank you for reading. Namasté 🙏 What Indicators Do I Use: In the chart I am using my "Supertrend Ninja - indicator", which is a trend-following indicator (Green and red vertical line with arrows). When the background of the candlestick closes green (vertical line) with an upwards pointing pink arrow. It indicates a possible bullish (up)trend. "Supertrend Ninja - Clean", a cleaner version of "Supertrend Ninja - indicator", which only displays the last few signals. With each trade proper risk management is essential. Either by using my script "Trailing Stoploss Bottom Activation indicator", visible as grey dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using my "HA Trailing Stoploss Activation", the indicator below with green and red blocks. Or third option, exit when the Supertrend Ninja indicator displays a vertical red line with a downwards pointing black arrow. Remember, the first stop(loss) is always the cheapest stop. Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
Short
by Kch28
1
CAKE/USDT ( PancakeSwap ) is support bullish toward $50#CAKE/USDT ( PancakeSwap ) Request Chart:- $Cake currently trading around $12 And $Cake is strong exchange coin so Its always better to hold in Long term. And also $Cake giving good Staking ROI around 70% APR Now as per chart $11-$12.20 is good Accumulation zone. Targets will be Very high if breaks $17 Strong resistance level. After Break $17 I personally expected it can Hit $50 and $100 also Possible in Long term. Its all about Targets. Stop Loss:- As per chart $Cake will be bearish below $10 So any daily candle close below $10 that not good for Bull.
Long
by CryptoPatel
3
CAKE - Who Wants A Piece?Hello everyone, if you like the idea, do not forget to support with a like and follow. CAKE is sitting around a strong support zone in green and round number 10.0 so we will be looking for buy setups. on DAILY: CAKE is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, CAKE would be overall bearish can still trade lower till the lower green support before going up. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
18
CAKE ( Pancake ) is at Major Support LevelCurrently pancake (CAKE) is trading at its major support level. This support level is very crucial for the CAKE to hold its double digit price. In the past this support level acted as bounce back price for pancake. If you are planning to add some CAKE to your portfolio then this is a good time buy and if the price goes lower then probably you can do DCA after that. You can also get 70+% APY by staking CAKE at pancakeswap exchange. Stay tuned for more updates.
Long
by GreenCryptoTrades
6
$cake Analysis $cryptocurrencyDear Friend The candlesticks are weak during the weekly period, and with the current situation, if the candlestick closes in the same way, I expect to return to the support and stabilization area in this zone, and then return and climb to the upper areas. Resistance: 12.5 - 13 Support: 10.20 9.4 But it is still too early to make a final decision and we have to wait until the weekend. In daily and weekly time, we have dynamic and static resistance and support, which is shown in the picture. Disclaimer: Information is provided only for educational and exchange purposes only. Do your research before taking any action or decision in the real market.
by seperslp
1