Cakeusdt
CAKEUSDT - BULLISH SIGNAL UPDATE!!As you all know, CAKE is not performing well from last 3 months and according to the Chart patterns, Decending Bullish Flag is formed, Breakout formation and also indicators giving bullish signal.
Short term Trade, DYOR Before taking trade, as i'm not responsible for your loss.
RISK FACTORS:
Market/ BTC CRASH
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Binance Smart Chain ( BSC ): 0x69Ea86D0f6B762fC36A322b0C833D2bd04534b3d
CAKE near supportHello Everyone
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CAKE had an uptrend after 77% correction but failed again and is back to support at $ 11.5 and $ 9.5.
Enter the buying position in a few steps
The first step is $ 11.5
The second step is $ 9.5
Distance to historical ceiling 270%
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Binance: CAKE-USDT Buy / Long D1Binance: CAKE-USDT Buy / Long D1
Entry: 14.2$
Stoploss: D1 close below 11.5$
Target: 26$ and hold longtern 40$
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CAKEUSDT - HOVERING AROUND A SUPPORT ZONE!CAKEUSDT After dropping from the 26.00 level it has already broken the support area around 17-18, becoming a resistance area. Now it has been bouncing from a Support zone where the Trendline support also lies. If bulls successfully pull the price above 14.00 then they can target 17.00 followed by 20. On the other side If that support zone will be broken, then we can see a selling pressure towards 10.00 followed by 8.00. Good Luck!
CAKE Bull FlagBINANCE:CAKEUSDT
Everybody wants to kill me because Cake price fell hard. Many throwing in the towel at the worst possible moment.
However, what I see is a big Bull Flag Pattern, which should lead to higher prices when it finally breaks to the upside. To do that, we need to go above $19 USDT. If we do, the minimum price target would be $34 USDT. A target that I expect will be meet before year end.
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Critical support would be $14 USDT.
We had increased volume in the last 3 days, which is good, as it could signal the final liquidation and price bottom.
Also, the RSI indicator is deeply oversold, which could also signal a bottom.
I hope you find this interesting and good luck to you
CAKEUSDT in Buy Zone Area! [Low-risk Setup]Good day, TradingView fellows!
I believe $CAKE is testing its support recently. The good buy zone is at $9 to $13. I am anticipating it will hit $18 in the short-term, $24 in the medium-term and $39 in the long-term. This analysis is suitable for swing traders and long-term traders.
Entry: $9 - $13
TP 1: $18
TP 2: $24
TP 3: $39
The idea published is not a financial advice. The content of this idea is solely the opinion of me who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. This does not guarantee any particular outcome. Always DYOR (Do Your Own Research) and trade at your own risk.
Let me know your insights in the comment section. Give this work a thumbs up if you appreciated my analysis. Smash that follow button for more upcoming low-risk setups! Thank you so much in advance.
Good luck,
Alexis
CAKEUSD and UNIUSD - Too Similar to IgnoreAs you can see, there are a lot of similarities between these two pairs
Especially evident on the Gaussian Channel indicator, with both hitting the middle band
I expect this point (middle band) to be a point of bullish rejection for price, which both will follow
Cake/USDT Very good Point for fresh entry ( 250% potential )#CAKE/USDT TA update :-
$Cake currently trading at $12.90
At this time price trading at Very very strong Support .
New Entry:- $12-$13
Targets :- $20/$25/$44/$100
Stop Loss:- If any Daily candle close below $11
Support :- $12.50
Resistance :- $17
CAKE/USDT TF DAILY UPDATES (SPOT)Cake fall in latest candle for like -10%. We hope we will see reversal candle from now on. cake touch its montlhy support. We are looking for pullback into $19-$20 as critical area for cake.
TIPS BEFORE BUY/LONG Cake
Aggresive traders :
-Cake touch its support
-Bullish RSI Divergence
Pro Traders :
-Cake touch its support
-Bullish RSI Divergence
-(Waiting for reversal candle+continuation
CAKEUSDT: ANOTHER SHORT OPPORTUNITY ON PANCAKE SWAP?Hello Enthusiast Coin Traders! Here's medium-term outlook for CAKEUSDT , Please give us the thumbs up and support the channel by Smashing the FOLLOW button :)
CAKEUSDT broke out of the Rising Wedge pattern. Rising Wedge Pattern indicates a potential bearish movement ahead. The MACD indicator is crossing down below the zero level, it signify the potential bearish bias ahead.
The roadmap will be invalid after exceeding the resistance/target area.
DISCLAIMER:
This is only an outlook, not a recommedation to buy or sell the cryptocurrency