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CAKEUSDT trade ideas

CAKE WAS FUN BUT NOW ITS DONE! Multi Year Correction IncomingPancakeSwap CAKE/USD is showing some real weakness. The selling pressure is astronomical and its going to consolidate for a while maybe a few years if it sticks around. These types of projects will more than likely be weeded out by new regulation over the years. Unless Cake can move with the regulation coming then its more than likely going to tank. It had a nice run but many of these new crypto's and other crap coins/project are going to fizzle away in the next few years. This is not trading or financial advice just my opinion. Comment and like if you appreciate this content. Follow me for more frequent updates. Thank you
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by Bitgolder
2
Cake.Usdt Daily chart RR 1-2"If you can't beat the fear, do it scared!" "Be fearful when others are greedy, and greedy when others are fearful!" - Warren Buffet. "Markets are a device for transferring money from the impatient to the patient. - Warren Buffet "Show me the charts, and I'll tell you the news." - Bernard Baruch "The secret to investing/trading is figuring out how rich you want to be and how poor you're willing to become." "If you want to live like the 5% of the population who are hugely successful, then don't act like the 95%!"
Short
by CojocaruMarian
CAKEUSDT - 1D Interval - Resistance and SupportHi everyone, let's take a look at the CAKEUSDT chart on the 1 day time frame. As you can see, the price of the cake is moving in the uptrend channel and is currently at the lower end of this channel. Although the price is at the lower end of the current channel, we are also in front of an important resistance zone that starts at $ 4.57 to $ 5.14. If we manage to break the resistance zone, we still have resistance lines at $ 6.79. However, if the price starts to fall, you need to look at what support we have in front of us and you can also see that the first important support zone is from $ 4.1 to $ 3.78, if the support does not hold the price, the next zone starts from $ 3.48 to $ 3.04. It is worth paying attention to the CHOP indicator which indicates that we have a lot of energy for the next move, while the MACD indicator indicates that we are in a downward trend.
by cryptodailyuk
CAKEUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a one-day-time frame analysis for CAKEUSDT Based on our last analysis on September 28, we expected a falling trend to happen and fortunately, we had a true prediction and all our targets are hit since then. Here R1 is as our resistance area which includes the disability of the price in order to rise. And S1 and S2 area the support areas and both express the support of price at some points. Accordingly, we have the price fluctuating over S1 and we believe it will give us some rising signs for an increase toward R1. Or it is possible that the price loses the support at S1 and face a falling trend toward S2. The future reveals what will happen. 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
by MarsSignals
$CAKE - Will this MELT Down soon!!Hello my Fellow TraderZ, Few days ago, I have shared my view on $CAKE #PANCAKESWAP on Daily TF, where I had mentioned that Price was ranging inside an ASCENDING TRIANGLE, broke it and coming for the retest for the further upside move. Today I'm sharing another possibility on DTF where it can be easily seen that the price is forming a Narrow RISING WEDGE Pattern. I'm not saying that this is going to be happen but just a possibility only if the Price unable to hold the current Support Zone . Keep an close eye on $CAKE as both side RISK:REWARD is very good. Happy Trading Fam. CHEERS!!!
by TRADER-GOKU
CAKEUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a one-day-time frame analysis for CAKEUSDT Based on previous analysis on September 18, we expected a rising trend to happen and now our prediction came true. There is R1 as a resistance area that includes the disability of the price to rise. And S1 and S2 are our support areas which express the well support of price at some points. At the moment, we have the fluctuation of price below R1 and we expect the rise will happen toward the mentioned area and then we must receive some falling signs to activate our short position and a decline is predicted for the price. If the price moves above R1, more rise is waiting for that. 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
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by MarsSignals
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