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CAKE / TetherUS PERPETUAL CONTRACT

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CAKEUSDT.P trade ideas

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 $49500's resistance. Hope you enjoyed the content I created, Have a good day Traders!
Long
by Johnny_a88
CAKE COIN - Update ✅CAKE rejected the 5.50 - 6.00 price area as we expected in the previous analysis, from a technial perspective we are from there in a bullish market strucutre. Price shifted the strucutre from bullish into bearish somewhere around 7.0$ 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..
Long
by AnonimFXRO
9
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
Long
by glebfomin6
2
CAKEUSDT Analysis (LOCAL 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. 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! 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.
Long
by trytofeelpositive
CAKEUSDT Analysis March 30, 2022We've become Bullish again on PancakeSwap, CAKE after saving you over 70% with the SELL signals in September, 2021. The three BUY signals fired on Thursday March 17, 2022 and CAKE is looking mighty fine! The Horizontal Resisitance Line at ($6.80) is broken, the Daily Downtrend Line was broken, and we are moving in on the ($9.35) Resistance and Weekly Downtrend Lines. We placed a 50% BUY with these BUY signals and a 20% BUY when the Downtrend was broken. We can expect to Double our money in the $13.00 to $15.00 range but will take some profit in that $9.50 - $10.00 range. Not Financial Advice...Trade with Confidence and Control.
Long
by tradinggrey
3
CAKE buy time ? 🤔🐺Hello traders 🐺 . in this idea I want to talk about the pancake swap token (CAKE) , and in my opinion this is a very good buy opportunity for the CAKE holders , also if you looking for the staking the CAKE token , this could be a great opportunity for you , because currently CAKE is undervalue and if this coin trend reverse from bearish to the bullish , current price could be a very great buy opportunity . Let's talk about the CAKE possible bottom : in the chart above you can see in the overall view , CAKE was formed a very big M pattern or in the other word double top pattern , and after breaking the neck line which is also the weekly structure (red box) , price was dropped about 45% and reach the M pattern target which is shown by the 0.618 Fibonacci level . in the other side we have a very clear descending channel which is currently CAKE is trading inside it and in my opinion you can make fantastic gain after break the channel . RSI : In the RSI we have a bullish divergence , which in my opinion could be the first sign of the trend reversal , and if price success to break the channel we could say that this is the confirmation of this bullish divergence . TSI : TSI is about to break above the zero line and if we put all of this information together , we can conclude that trend reversal is very imminent for the CAKE but always wait for the last confirmation and trade safely , but how we can trade it ? As you can see , CAKE is near to the daily resistance structure and the EMA Ribbon resistance lines , I expect something like a above picture for the CAKE and I like to wait for the break out from the daily resistance and also break above the EMA Ribbon and retest them as a new support for opening a long position on CAKE . But always remember to trade based on your trading strategy and this idea is not a financial advice
Long
by Kiu_Coin
1