#CAKE / USDT Trend Reversal? #Signal @everyone**CAKE/USDT**
Possible trend reversal underway, following falling wedge breakout with large volume
Ideal entries now would be around $7
After that we would be looking for price to move past $10 - $12
Short term targets > +30%
Mid term targets > +60%
Long term targets > +140%
Use small % capital we'd use 2-3% max
Cakeusdt
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..
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
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
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
POSSIBLE BREAKOUT , REVERSAL UPTREND ?
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
- $CAKE is on the verge of breakout on the channel's high.
Currently it's moving on the 1D time frame chart into a descending channel and after the break-out, It'll be able to climb up to the higher S/R 9.4$ - 10.5$ - 12.80$ respectively.
- But it's better to wait for a proper hold above 9.0$ to take Long on it, meanwhile we can notice the spike in volume where buyers pushed the price upper protecting level of support 5.3$ as i suggest that buyers are shifting their money
into CAKE making it likely that the existing trend is about to reverse direction after the sellers have failed to make a new lower low.
- Be aware that we have the possibility of reversal on $BTC at $49500's resistance.
Hope you enjoyed the content I created,
Have a good day Traders!
CAKE COIN - Update ✅CAKE rejected the 5.50 - 6.00 price area as we expected in the previous analysis, from a technial perspective we are from there in a bullish market strucutre. Price shifted the strucutre from bullish into bearish somewhere around 7.0$ 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
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
CAKEUSDT Analysis (LOCAL VISION)Hello friends.
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Everything on the chart.
Entry: market and lower
Target: 8.5 and 9.9
after first target reached move ur stop to breakeven
Stop: 5.9 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 2.5
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
CAKEUSD might initiate a false breakoutCAKEUSD was pumped recently following the overall strength of BTC and other cryptos. However, in a context of a massive downtrend, which preceded this action, it would rather create a false breakout and slide back to the range. It might open an interesting opportunity for a counter-trend trade.
CAKEUSDT LONGS 💰💰💰💰 Expecting bullish price action on CAKEUSD as price shifted the structure from bearish into bullish making a BOS (break of strucutre) move, i think for now we will see a retracement move then the price will go higher to fill the BIG BEARISH IMBALANCES aka price inefficienies around 10.23
What do you think ? Comment below..