CAKE Futures Trade Set-ups.CAKE/USDT Futures Trade set-up:
Entry: $2.37 to $2.48
Stop loss: $2.31
Leverage: 10x
Targets:
T1- $2.58
T2- $2.69
T3- $2.84
T4- $3.12
Note: Conduct your research (DYOR) before making any investment decisions. Consider accumulating at the bottom and implement stop-loss (SL) strategies to mitigate risks. This information is not financial advice.
Cakeusdtlong
"CAKE/USDT Long Trade Setup: Symmetrical Triangle Breakout SignTrade Setup for CAKE/USDT: Long Position
Analysis:
CAKE is exhibiting a symmetrical triangle pattern, indicating a potential breakout with a strong rebound.
The current market trend supports a bullish outlook.
Entry:
Entry Point: Current Market Price (CMP)
Additional Positions: Consider adding more if the price drops to $2.38.
Targets:
$2.56
$2.7
$2.9
$3.2
Stop Loss (SL):
Set the Stop Loss at $2.285 to limit potential losses.
Leverage:
Use leverage cautiously: 5x to 10x.
DYOR
CAKE Weekly Analysis - Long the Descending Wedge Bull Pattern!?CAKE is in a descending wedge pattern and currently flirting with breaking out. After last week's bull bar closing near its high, we had a slight pullback to the 30EMA and bounced back to the top of the wedge. We have yet to breakout let alone confirm a breakout. Until then, this is what we have for data:
Key Points
1. The Descending Wedge Pattern is Bullish
2. We should wait to enter long until the breakout is confirmed
3. We have some support on the 30EMA
4. Bitcoin is a leading indicator for the alt market. Bitcoin needs to confirm a breakout of the Weekly Resistance
5. RSI has room to move up but has more to fall. We should wait for more price action.
You are solely responsible for your trades, trade at your own risk!
Let us know what you think in the comment section below!
CAKEUSDT Elliott Waves Analysis (LONGTERM)Hello friends.
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Everything on the chart.
Waiting for last upward movement in zone 2.8 - 3$, then will be deep correction.
Targets: 5
after first target reached move ur stop to breakeven
Stop: ~1 (depending of ur risk). ALWAYS follow ur RM .
RR: 1 to 14
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
CAKE/USDT - PancakeSwap: Trend_Reversal◳◱ An intriguing development has unfolded on the NASDAQ:CAKE / CRYPTOCAP:USDT chart as we've identified a compelling Trend Reversal. This shift in price dynamics indicates a noteworthy potential trend change. It's crucial for us to pay attention to the next resistance levels located at 1.181 | 1.245 | 1.374 and the significant support levels found at 1.052 | 0.987 | 0.858. Taking these factors into consideration, it may be prudent to contemplate entering a buy position at the current price of 1.219, allowing us to take advantage of the projected trend continuation.
Let's keep a watchful eye on this exciting opportunity and stay proactive in our trading strategies.
◰◲ General info :
▣ Name: PancakeSwap
▣ Rank: N/A
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Hitbtc
▣ Category/Sector: N/A
▣ Overview: PancakeSwap project overview is currently unavailable. I'll try to update this in the upcoming analysis.
◰◲ Technical Metrics :
▣ Mrkt Price: 1.219 ₮
▣ 24HVol: 4,773,376.974 ₮
▣ 24H Chng: 0.578%
▣ 7-Days Chng: N/A
▣ 1-Month Chng: N/A
▣ 3-Months Chng: N/A
◲◰ Pivot Points - Levels :
◥ Resistance: 1.181 | 1.245 | 1.374
◢ Support: 1.052 | 0.987 | 0.858
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: N/A
▣ Last 90D: N/A
▣ Last 1-Y: N/A
▣ Last 3-Y: N/A
◲◰ Volatility :
▣ Last 30D: N/A
▣ Last 90D: N/A
▣ Last 1-Y: N/A
▣ Last 3-Y: N/A
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.67 - Bullish
▣ Reddit sentiment score is 0.60 - Bullish
▣ In-depth CAKEUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
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CAKEUSDT Elliott Waves Analysis (Global Vision)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
BUY ZONE: 1.1 - 0.7
minimal target zone: 2.5 - 3
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
CAKE/USDT - CakeDAO: BBand_Breakout◳◱ A Bollinger Band breakout has been identified on the NASDAQ:CAKE / CRYPTOCAP:USDT chart. The price has moved outside of the upper Bollinger Band, indicating a potential bullish trend. The next resistance key levels are located at 1.47 | 1.538 | 1.69, and the major support zones can be found at 1.318 | 1.234 | 1.082. Consider buying at the current price zone of 1.462 and targeting higher levels.BBand_Squeeze
◰◲ General info :
▣ Name: CakeDAO
▣ Rank: None
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Poloniex, Mexc
▣ Category/Sector: N/A
▣ Overview: CakeDAO project overview is currently unavailable. I'll try to update this in the upcoming analysis.
◰◲ Technical Metrics :
▣ Mrkt Price: 1.462 ₮
▣ 24HVol: 8,569,931.380 ₮
▣ 24H Chng: 3.03%
▣ 7-Days Chng: N/A
▣ 1-Month Chng: N/A
▣ 3-Months Chng: N/A
◲◰ Pivot Points - Levels :
◥ Resistance: 1.47 | 1.538 | 1.69
◢ Support: 1.318 | 1.234 | 1.082
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: N/A
▣ Last 90D: N/A
▣ Last 1-Y: N/A
▣ Last 3-Y: N/A
◲◰ Volatility :
▣ Last 30D: N/A
▣ Last 90D: N/A
▣ Last 1-Y: N/A
▣ Last 3-Y: N/A
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.67 - Bullish
▣ Reddit sentiment score is 0.42 - Bearish
▣ In-depth CAKEUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
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CAKE Bull Patience will Pay Off Potential is $2 upto $5 BreakoutCAKE has reached a support level that indicates accumulation, but it requires patience for the price to reach $2. Although CAKE experienced a breakout two days ago within a smaller range, it has undergone a retest of this breakout. To take advantage of potential pullbacks and enter the market, it is recommended to buy incrementally. The price needs to break the smaller box, as indicated by MT Pandora's Box, in order for the price to move. The bulls are currently preparing to overcome the resistance range at 1.48. If successful, the subsequent targets of 2 and potentially even 5 to 9 could be achieved, depending on the strength exhibited by these buyers. Currently, they are rebounding from the weekly support level of $1.3. It is advisable to exit any position below this level.
I will be constantly updating this post, so I encourage you to come back and check for updates. It's still a great opportunity to buy before it's too late. If you agree with this idea, please follow and click the "like" icon under this post. If you disagree, please comment below stating your reasons.
📈 🚨 #FREE MT BNB LONG TRADE SIGNAL 🚨📈
👉 🧿 ASSET: NASDAQ:CAKE (CAKE/USDT)
👉 🧿 ACTION: LONG
👉 🧿1st ENTRY PRICE: $1.352, 2nd Entry ; 1.388, 3rd Entry ;1.415
(Buy Incrementally)
👉 🧿 STOP LOSS: $1.292(Risky Stop $1.31)
👉 🧿 1st TAKE PROFIT: $2
2nd TP: $4.3 3rd TP: $5(Extended $0.8.4 And 10.84)
Remember to trade responsibly and always do your own research. Happy trading! 📈🚨
CAKEUSDT Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart. (update)
Earlier first target was reached(4.5), stop already in breakeven 3.4
Next targets: 5 - 5.5 - 6.2
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
CAKEUSDT Elliott Waves Analysis Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart. (update)
In previous analysis i gave recommendation to buy CAKe in 3.5 - 3.2$ zone.
Entry: market and lower
Target: 4.5 - 5.4 - 6.2
Main target zone: 6 - 6.5
after first target reached move ur stop to breakeven
Stop: 3.1(agressive) ~2.55(conservative) (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 4
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
CAKEUSDT Elliott Waves Analysis Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Entry: market and lower (perfect entry zone 3.5 - 3.2)
Target: 4.5 - 5.4 - 6.2
Main target zone: 6 - 6.5
after first target reached move ur stop to breakeven
Stop: ~2.55 (depending of ur risk). ALWAYS follow ur RM.
Risk/Reward: 1 to 3
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
CAKE (Time to grow)Hello traders,
Based on the chart,
I dont know will be one more small decline or not, but i think that in midterm CAKE will show some growth.
Entry: market and lower
Targets: 4.8 - 5.5 - 6
after first target reached move ur stop in breakeven!
SL: ~2.6
Risk/Reward: 1 to 2.5
Good luck!
Please, feel free to share your point of view, write it in the comments below, thanks!
#CAKEUSDT Ascending Triangle BreakoutTrade setup: Trading in an Ascending Triangle and price is approaching $5 resistance zone, where it was rejected in August. It also lines up with 200-day moving average. If price is able to break above that, it could revisit $8 thereafter. (set a price alert).
Pattern: Ascending Triangle which is a continuation pattern (it typically breaks out in the direction of existing trend). Most traders wait for a breakout.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
OBV (On Balance Volume): is flat, indicating that volume on Up days is equal to volume on Down days. Hence, demand from buyers and supply from sellers are in equilibrium
Support and Resistance: Nearest Support Zone is $3.50 (previous resistance), then $2.50. The nearest Resistance Zone is $5.00, then $8.00.
💡Don't miss the great buy opportunity in CAKEUSD @PancakeSwapTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (4.606).
. 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 65.
Take Profits:
TP1= @ 4.822
TP2= @ 5.076
TP3= @ 5.549
TP4= @ 6.235
TP5= @ 7.138
SL= Break below S2
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💡Don't miss the great buy opportunity in CAKEUSD @PancakeSwapTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (4.606).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CAKEUSDT 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 65.
Take Profits:
TP1= @ 4.822
TP2= @ 5.076
TP3= @ 5.549
TP4= @ 6.235
TP5= @ 7.138
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 ❤️
Long Idea CAKEOn first observation this may not look like the best long position, but my reason for posting is that I think that it presents good risk reward.
Price and lagging strand are above the cloud, and have held well over the past several hours (1 hour time frame). Clearly defined stop loss here and also some obvious targets overhead, 3.264 being the best one in my opinion.
Best wishes to all!