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CAKE / TetherUS

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CAKEUSDT trade ideas

CAKEUSDT | Wave Analysis | Wave 4.4 Take Profit ZonePrice action and chart pattern trading; > Take profit zone at the upper resistance of the wave channel, possible at SMMA100 fakeout resistance - 0.382 - 0.5 retracement of Wave 4.3 > The final Wave 5 downtrend could be projected at 0.5 - 0.618 extension of wave 4.3 slightly below the previous low - a usual dump & pump is expected before making its uptrend wave > Indicator: RSI and MACD bearish divergence in TFD squeezed just above the baseline 0, limited upside. Always trade with affordable risk and respect your stoploss, nothing is 100%
by dukeposh
$CAKE - Just Taste ItHello my Fellow TraderZ, After June lows, $CAKE has been ranging inside an ASCENDING TRIANGLE on Daily Time Frame and continously maintaining the Higher Lows. Previous Daily candle closing was Pin Bar pattern with decent Volume. Now the price is trying to attempt the Breakout of the Triangle, all we need is greater Volume bars than previous one. Hence this breakout will be valid. Keep it in the Radar and enjoy the Trading. Target mentioned on the chart. Happy Trading. CHEERS!!!
Long
by TRADER-GOKU
4
CakePancakeswap (CAKE) — the token remains one of the most favorite of the audience, constantly getting into the ratings for social activity and trends. It seems to me that #CAKE will take its rightful place in the BNB ecosystem in 2023-2024. Plus, all the time: - Emission is limited. - % of rewards in CAKE pools are cut - which reduces the inflation of the token. - DEX and BSC are developing - including all sorts of bridges. - Large holders are controlled - by "blocking" CAKE in staking. - Received investments from Binance Labs. From a technical point of view, so far nothing has been observed on CAKE, except for the last month it has been going against the market and Bitcoin. The chart shows a clear push towards the $4.6 level, our opinion is that after the breakdown we will go to test the 200 MA. If we consider token in the long term, I would like to see another update of the bottom to make purchases, but otherwise the price of about $3 seems pretty to me
by razumcapital
2
CAKEUSDT is testing the daily supportThe price printed a double top on the daily resistance around 4.5$ where the price got rejections. Now the price is inside an ascending channel and it's testing the daily support on 4$ area. How to approach it? IF the price is going to lose the support and the ascending channel, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
4
CAKEUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a one-day-time frame analysis for CAKEUSDT Here we have R2 and R1 as the resistance areas that express the unsuccessful triumphs of the price in order to rise. And S1 and S2 are our support areas which include the support of the price since the past. Thus, we have the price fluctuating below R1 area and we believe it will have a decline to S1. At this area, we must wait for some signs in order to have a precise analysis. If the price gives us some confirmation candles to rise, an increase will be predicted to happen for it to R1. But in case we receive some falling signs, a decline is waiting for it toward S2 (this is not so probable at the moment). Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
Long
by MarsSignals
CAKEUSDTCAKEUSDT(09.10.2022 UPDATED) Wait until price touches the trend lines then look for signal bar and key bar /Breakout and pullback to recognize direction of price movement. Money Management must be obeyed. Open position without setting the proper stop loss (1% or 2% of total balance ) soon or late will cause to lose all your money ( call margin ) Majority of trades is done via computer trading (forex / cryptocurrency) priority in analyzing charts: 1- Price Action 2- Market structure 3- Chart patterns 4- Candlestick patterns 5-Divergence 6-Indicators SETUP IN TRADING RANGE: BLSH BLSH:BUY LOW SELL HIGH
by ravankhah1348
PancakeSwap Bull Market Can Return if it Breaks This LogarithmicPancakeSwap (CAKE) may not see a new bull market until it clears its weekly logarithmic trendline. At the same time, cycle-wise, the cryptocurrency seems to have completed an Elliott Wave flat structure that suggests that we're about to bottom. CAKE Logarithmic Trendline The downward sloping logarithmic trendline connects all the major swing highs, starting with the 2021 all-time high of $44.27. The logarithmic trendline also aligns with the 200-day simple moving average, which gives it more weight. In this regard, a breakout can lead to a shift in the trend direction. CAKE Elliott Wave Cycle CAKE’s price is currently trading near its historically lowest level, but based on the Elliott Wave analysis, CAKE's long-term price structure mimics a flat pattern. Flats are corrective patterns in nature with an internal 3-3-5 wave structure. The first wave ended at the $44.27 all-time high, followed by another 3 wave price structure in wave B, which ended at the $9.44 low. The cryptocurrency then resumed lower in wave C, subdividing into another 5 wave price structure. In the short term, the current low of $2.48 remains intact; the correction can be called completed. Following this EW cycle, the cryptocurrency may be in the process of bottoming out. However, the next bull run will be confirmed once the CAKE price clears the logarithmic trendline. Another sign of a shift in the market can be signaled by a breakout above the 50 mid-level of the weekly RSI oscillator. Once the logarithmic trendline is cleared, there is not much resistance underway until the $10 psychological level.
by cryptohopper