CAKEUSDT.P trade ideas
Do you want some cake?At the request of a subscriber.
Breaking through the downtrend on high volumes, it is advisable to bury the day above the current values, the price has not yet corrected the fall, so there is an increased probability of going down to 0.5 fibonacci. The option of working out this scenario is higher if there is a retest after the beating, after the retest, you can apply the fibonacci extension and start from these levels.
Option to cancel the scenario closing the day below the downtrend.
It is better to enter after fixing above the downtrend
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MARKET IS WEAK SADLY : BEARISHI see a nice down fall from cake, will have to see how it plays out as the bears fight the bulls.
CAKEUSDTDISCLAIMER:
This is not financial advice! This is an opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing.
everyone should buy and sell according to their own strategy.
Everything you need to know is outlined in the chart and keep in mind that we are moving forward with probabilities and the analysis may be wrong so take capital management seriously.
CakeUSDTIf you are a holder or trader of Cake I should tell you we are at an important point.
after months of the downward market; a month ago cake created a new upward channel I drew it in blue and also passed a strong Purple resistance line, in the last few days fighting with a middle line of the pichfork! I believe that is fighting for a greater uptrend move or going back to near 6 and 7 dollar
cake is going to bakei can see its going to boom.
what do you think.
cup and handle pattern can seen easily.
i am long not a financial advice.
CleanClear retest and bounce of the trendline.
Very likely to go much higher. Also, don't forget that they now have perp trading that is likely to burn many tokens in the future helping with supply and demand.
CAKE Looks BullishIt looks like formed bullish pattern so for that we will certain the price should cross above 9.9$ level and can remain above it after that i expecting us to reach 12.5$.
Before that probably we will see brief correction
CAKE UPDATEcake looking good here since i called the bottom on my previous chart
now hopefully we can flip resistance to support and make another move up
CAKEUSDT H1BUY ENTRY @18.33
STOP LOSS@ 9.173
TAKE PROFIT@9.867
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CAKE/USDT TRADE SETUPHi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as financial advice.
Welcome to this CAKE/USDT TRADE setup. CAKE looks bullish here.
CAKE is breaking out from the bullish pennant in 1hr time frame. Expecting a 20-22% pump from here. Buy some now and add more in dips.
Entry range:- $9.2-$9.4
Target:- 20-22%
SL:- $9.04
This chart is likely to help you in making better trade decisions if it did consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
CAKE/USDT TRADE SETUP! BREAKOUT!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this CAKE/USDT TRADE setup. CAKE looks bullish here.
CAKE is breaking out from the bullish pennant in 1hr time frame. Expecting a 20-22% pump from here. Buy some now and add more in dips.
Entry range:- $9.2-$9.4
Target:- 20-22%
SL:- $9.04
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Trading opportunity for short position-CAKEUSDTBased on technical factors there is a short position in :
📊 CAKEUSDT PancakeSwap
🔴 Short Now 9.18
🧯 Stop loss 10.20
🏹 Target 1 8.50
🏹 Target 2 7.50
🏹 Target 3 6.20
💸Capital : 1%
We hope it is profitable for you ❤️
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🔥 CAKE Short-Term Bullish: Roadblock AheadCAKE has been one of the weaker cryptos of the last year. However, CAKE has been a relatively good performing crypto over the last couple of weeks.
With CAKE seemingly bullish, it's time to start looking at a potential bullish break out of the bearish channel in which CAKE has been trading for over a year.
With the overall crypto and stock markets showing signs of bearishness, I'm not yet convinced on a bullish break out. Ideally, we get strong bullish price action in the afore mentioned markets and a strong rally in CAKE to push the price through the top resistance of the channel.
To be continued. Happy trading!
CAKEUSDT CUP and HANDLE patternHey traders, in today's trading session we are monitoring CAKEUSDT for a buying opportunity around 8.7 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
CAKEUSD ! The coin is stronger than the market. Up to $10An interesting coin CAKEUSD, the coin is traded independently of bitcoin. Bitcoin falls and the coin rises. The range 9.20 - 8.60 is broken upwards and a consolidation is formed above the level
I suppose, since the cryptocoin behaves stronger than the cryptocurrency market, then if the price can gain a foothold above the level of 9.20, we can see the price rise to $10,
next target 12.5
Sincerely, R. Linda!
$CAKE looks yummyshort term swing for trend break
use SL below trendline . and sell according to our own comfort
Cheers,
Nav
CAKEUSDT | BULLISH MOMENTUMPrice action has finally come in to the bullish momentum. Idea is to keep the Stoploss at recent HL and take long position with targets set at the resistance levels as well as 0.618 fib level.
CAKEUSDT - SETUPCAKEUSDT price was moving into a bearish channel, this almost a year-long rally was broken down and then retested successfully by the bulls. Bull's efforts pay off and now price print an HL, So we may see a seamless rally towards upside with the help of EMA 100 which is acting as a support. Keep accumulating.
LongThis coin will accelerate next days to 12- 13.8 area the graph is good and they are doing new staking which is attracting lots of capital.
CAKEUSDT Daily Timeframe- short term target
- higher probability as per historical movement
- golden cross
CAKEUSDT Daily Chart!Just found These Pivots by MACD Indicator ! I think this is happening to CAKEUSDT!
