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CAKE / TetherUS PERPETUAL CONTRACT

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CAKEUSDT.P trade ideas

CAKEUSDTCAKE is moving down in a very strong downtrend and the sellers are in full control of the market. In the recent downtrend, we attach great importance to the level of 1.618 Fibonacci because the market can return from this range, but the volume is still very low. However, if this range is broken, we expect a price of $ 4.30, and if a good volume is observed, the scenario may change. DISCLAIMER: 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.
by Bibres2003
1
CAKE, near the historical support.The following content is machine translation: From the daily chart, the historical support is near 10. The entire pattern forms a triangle with a downtrend line and a large support line. It has been fluctuating within a narrow range recently. About to choose a direction. This is near the historical support, and there is a high probability that it will rebound and break through the infinitely close downtrend line. Therefore, if you see more, you can make a layout for bargain hunters.
Long
by LochubT
2
CAKEUSDT Analysis (GLOBAL VISION)Hello friends. Please support my work by clicking the LIKE button👍(If you liked).Thank you! Everything on the chart. if the price falls below 10$ - it's very bad signal for Cake holders, then the target will be 5$ and 3$. If we gain a foothold above 16$, then the upside potential to 40$ remains. 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.
by trytofeelpositive
2
CAKE profit 10% after 1h SHORT signal - more to come?Please Like or Follow if you enjoyed this content. UPDATE: The price dropped 10% after Short signal. This trade was a piece of cake! Price is below Ichimoku cloud and RSI is still bearish. Then again RSI and CBrown is forming a bullish divergence. CCI is oversold. A bounce up is likely. However if price drops here another leg, next support is around 10.10 USDT. This analysis is made with my "Supertrend Ninja - Clean". It displays only the last few signals. Which gives it a clean look. When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. A red background indicates a possible bearish downtrend. Currently CAKE is still in a downtrend on the 1h chart. Supports and Resistances are highlighted as grey blocks. Profits can be taken at each grey block. Supports and resistances are automatically drawn using my indicator "Yo Show Me Some Support - and Resistances". Pun intended. Thank you for reading. Namasté 🙏 What Indicators Do I Use: In the chart I am using my "Supertrend Ninja - indicator", which is a trend-following indicator (Green and red vertical line with arrows). When the background of the candlestick closes green (vertical line) with an upwards pointing pink arrow. It indicates a possible bullish (up)trend. "Supertrend Ninja - Clean", a cleaner version of "Supertrend Ninja - indicator", which only displays the last few signals. With each trade proper risk management is essential. Either by using my script "Trailing Stoploss Bottom Activation indicator", visible as grey dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using my "HA Trailing Stoploss Activation", the indicator below with green and red blocks. Or third option, exit when the Supertrend Ninja indicator displays a vertical red line with a downwards pointing black arrow. Remember, the first stop(loss) is always the cheapest stop. Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
Short
by Kch28
1