CAKEUSDT.P trade ideas
Is it the right time to buy CAKE ?I AM ALWAYS ASKING MY SELF , WHY PEOPLE LOSE MONEY IN TRADING ?
Look at the chart and you will know the answer .
Just follow the rules and NEVER follow your heart and feelings , then you will NEVER lose your money again in trading .
On chart we see 5 weekly candles closed under the resistance 20 $ which means that bearish pattern is more close than bullish pattern .
But rules must be obeyed .!
So, if we close weekly or monthly candle above 23$ that will be a good sign to go Bullish .
Targets UP and Down are marked in blue colors .
Stop loss : close under 16.8$
Good luck for all.
CAKEUSD LONGWeekly Demand Holding & OB created at daily Structure, Now price retesting OB to Move North and break those supply
CAKEUSDTf Daily close above yello line
Every thing is clear in the chart
Red is resistance
Yello is support
Happy trade
not a advice
CAKE Descending Triangle PatternTaking a look at CAKE's potential The descending triangle is forming as it was entering down, although this is primarily due to BTC lowering on the 26th. I am quite neutral when it comes to CAKE, as we have built a support line on the fibonacci level 1 level. Additionally, lesser lows and a high are created, which subsequently bounce back down.
*We haven't retested ath on CAKE in a while, which makes me a little bullish. As a beginner trader, I'm open to any chart advise or suggestions on how to improve my trading skills.
Please keep in mind that this is not financial advise and that you should conduct your own research before trading.
CAKE/USDT ChartCAKE is in a very interesting position right now with a invalidation at the 17.50$ support and ready to a move to 21$ resistance. The RSI shows that the coin is undervalued, and the OBV is also seeing a good comeback. BNB has been pumping lately with a +5% move today, and we can expect a pump from other BSC coins (like CAKE). What do you think? Comment, like and follow.
CAKE; what to expect?CAKE will follow the bullish pattern of BNB soon enough. The next target is 23-26 areas but if bullish momentum continues it can easily reach around 36-42. Don't short this asset!
CAKE/USDT TRADING PLANNING FOR SPOTCAKE/USDT
Cake is being accumulated in the fibonacci area of 0.618
Cake will finish the CORRECTION WAVE soon!!
ENTRY NOW
Cake WILL EXPLODE
#tipstradingplanning #indonesia
Cake make triple bottom on support lineCake make triple bottom on support line and gain 100% on green circle. stoploss on 17.5
goodluck
LongHello friends, the cake currency is suffering in a price box that does not have much time to leave the area. Consider the first goal as the box ceiling.
Cakeusdt is at the support level!As you can see in the 4H chart Cake is dealing with a very important support level which has been supported so many times before
I it is supported by this level it can move up at least to its downward trend line and if it could break this trend line then we could expect Cake to go up at least to the previous top
CAKE bullish or bearish? REVIEWSo I think it all depends on this support are around 18. It seems bears have the upper hand here BUT bulls are not so far behind either! AND with the recent BNB pump + fundamentals around memecoins which are mostly on BSC, I bet my money on the BULLISH scenario!
If somehow the bears takeover, which is very unlikely, the price can momentarily touch 16-13 areas that seems to have strong support. And even if this scenario plays out I still wouldn't be too worried about it as for the long term CAKE is definitely bullish AF!
HODL & stake for that APY!
(STILL, proceed with caution)
DYOR.
CAKE bullish or bearish?CAKE recently lost it's support at 20 and now it's retesting 18 zone.
I don't see any more price drop from here as this seems to be a very strong support zone. In the next few days CAKE will be retesting it's previous support zone at 20-21 and if it can break above it, which is likely according to bullish signs, price can easily target 26 resistance area and in extereme bullish scenario even 42 and higher but for that to happen I think we first need a more higher low support zone.
CAKEUSDT AnalisaCAKEUSDT Supply & Demand
Berpotensi mengejar support di bawah dan dapat melanjutkan kenaikan ke resisten atas
CAKEUSDT upward trendAfter breaking the short term resistance line, this crypto might go up to reach its AB=CD harmonic pattern target. If this crypto passed its next resistance area, it would not have many resistance area to keep it from reaching its target.
CAKEUSDT MAY SEE GAINSBINANCE:CAKEUSDT
PPPDirhams.
Disclaimer: This is just my idea. Am not liable for the end results if adapted by anyone. Trade cautiously as there are chances that you will lose your investment..
