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CAKEUSD trade ideas

CAKEUSDCAKE is one of the cleanest and easiest charts to read. We have a simple ABC correction and we completed the C wave recently. We are now in bullish territory and looking for any opportunities to go long. We have a nice correction forming now and all we need to do is wait for a breakout and enter. Trade Idea: - Watch for breakout of the descending trendline - enter with stops below the structure - Targets: 17, 26, long term target 40 It is possible we may come back to test the structure to create a double bottom before moving so just be wary of that.
BINANCE:CAKEUSDLong
by FXSMARTT
💡Don't miss the great buy opportunity in CAKEUSD @PancakeSwapTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (6.33). . 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 74. Take Profits: TP1= @ 7.24 TP2= @ 7.72 TP3= @ 8.59 TP4= @ 9.99 TP5= @ 11.11 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 ❤️
BINANCE:CAKEUSDLong
by ForecastCity_World
7
💡Don't miss the great buy opportunity in CAKEUSD @PancakeSwap Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (6.33). . 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 74. Take Profits: TP1= @ 7.24 TP2= @ 7.72 TP3= @ 8.59 TP4= @ 9.99 TP5= @ 11.11 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 ❤️
BINANCE:CAKEUSDLong
by ForecastCity
2
$CAKE´s road back to $10So it seems $CAKE has woken, finally, a bit. Well I´m falling short: The Pancake Swap token has seen a horrible $5 figure lately (all time low!) and being back in a $9ish track is no small thing for holders/stakers. We were in a pretty neat uptrend channel up until March 22nd morning (10am more precisely) when bitcoin made a bold correction downwards dragging everything crypto with it. Interesting enough, $CAKE attempted to regain such channel but ending up rejecting the $9.5825 level on April 1st, 16pm. Thereafter it was a swing low only stopped by Fibonacci 0.618 (approx. $8.78-80) and .... Voilà ! A new cloned parallel channel was formed, identical to the prior one. That´s where we are right now. Expected oscillation is between 9.89-9.2859 finally leading to a long-waited $10.17 value (perhaps on the 4th of March). We all hate mondays but... Keep tuned for more CAKE news!
FTX:CAKEPERPLong
by Ivanbole71
💡Don't miss the great buy opportunity in CAKEUSD @PancakeSwapTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (8.55). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CAKEUSDT is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 62. Take Profits: TP1= @ 9.60 TP2= @ 10.38 TP3= @ 11.59 TP4= @ 12.66 TP5= @ 13.48 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 ❤️
BINANCE:CAKEUSDLong
by ForecastCity_World
2
💡Don't miss the great buy opportunity in CAKEUSD @PancakeSwapTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (8.55). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CAKEUSDT is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 61. Take Profits: TP1= @ 9.60 TP2= @ 10.38 TP3= @ 11.59 TP4= @ 12.66 TP5= @ 13.48 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 ❤️
BINANCE:CAKEUSDLong
by ForecastCity
2
Fat traders love CAKE - CAKEUSDDear traders, Intro: My name is Hugo, I am 25 years old and trading crypto currencies since late 2017. English is not my main language, however, I will try to explain everything brief and clear. Be aware that I am still in the learning curve. Every idea I post is not financial advice and is only meant for entertainment purposes only. PancakeSwap (CAKE) is a decentralized exchange built on the Binance Smart Chain (BSC). Since 2021, the platform was the largest automated market maker (AMM) on the BSC network, with over $3.76 billion USD in staked assets. The popular DEX facilitates token exchanges, staking, and yield farming. Besides the fact that PancakeSwap is a huge player in the DEFI scene, the charts looks amazing as well imo. I am buying when it breaks the green line to the upside and retests (swing failure // S/R flip). Target is in the chart. Goodluck, Doctor Hugo
BINANCE:CAKEUSDLong
by Doctorhugo3
1