CAKEUSDT trade ideas
#pancakeswap BULLISH IF BREAKS OUTif the confluence of the resistance around $10 and the downtrend resistance line is broken, we can set a nice order targeting a HUGE 25% circa profit, entering around 10.6 and targeting 13
ONLY BUY IF A 1D CANDLE CLOSES ABOVE THE RESISTANCES
let me know if you enjoyed this analysis and feel free to ask for other pairs to analyze in the comments or feel free to message me if you have any questions or ideas to share!
CAKE Hello traders 🐺 .
In this idea I want to update my previous idea about the cake so this is short and quick update for the CAKE if you are looking for a compete analysis for CAKE you can check my previous idea about the CAKE ( link in the related ideas down blow this idea ) .
In the daily chart you can see that the price after breaking the descending channel reverse the bearish trend and CAKE price experienced a bullish impulse , but after testing the weekly resistance ( red box ) price started to retracement to the last area of the resistance which now turning into a support ( blue daily support ) , also we can see that 0.618 Fibonacci level is in alignment with the daily support and also price is above the EMA Ribbon so in my opinion there is strong chance for see another bullish impulse and the next price target could be around 13.5$ .
CAKE LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on CAKE as price shifted the market strucutre from bearish into bullish, price reversed to fill the bullish imbalance and from there we have a clear area into 12/14 price area where price has a lot of price inefficiencies that should be closed.
What do you think ? Comment below..
CAKE still facing lot of resistanceCAKE is still under a lot of resistance which is coming from
1. Dynamic trendline
2. Bearish order block
3. Strong Market structure
If we see huge volume only than these will be broke.
Our targets are on chart.
#CAKE / USDT Trend Reversal? #Signal @everyone**CAKE/USDT**
Possible trend reversal underway, following falling wedge breakout with large volume
Ideal entries now would be around $7
After that we would be looking for price to move past $10 - $12
Short term targets > +30%
Mid term targets > +60%
Long term targets > +140%
Use small % capital we'd use 2-3% max
CAKE/USDTCake has the potential to move upwards an can touch 9$ or 10$
Here the price can go downside if next week bitcoin continues to drop.
Please Like, share and comment
CAKE to 13$after a bullish movement we saw some correction for CAKE
now cake get rid of bullish flag and can continue its bullish trend
target is 13$
Cake long positionCake long position. Several price targets along with stop loss.
On higher time frame looks like it has capitulated and has been building into this resistance here.
CAKE/BTC looks healthy enough.
PancakeSwap longPancakeSwap is bouncing off the support area which is also matching with the Fibonacci 0.382 retracement level. Bullish trend is expected to continue up to 11.0.
CAKEUSDTI'm ready to take order but....I forgot that there's no cake in Binance futures. haha
So maybe u guys interested. :)
CAKE LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on CAKE as price shifted the strucutre from bearish into bullish making (bos move) price retraced back into the W1/D1 imbalance and from there we can see a push towards bearish orderblock area on the D1. Market Sentiment in crypto for now is in a EXTREME FEAR meaning there is a good buying opportunity.
What do you think ? Comment below..
PancakeSwap CAKE Price Targets and Stop LossCAKE/USDT
Entry Range: $7.30 - 8.80
Price Target 1: $10.90
Price Target 2: $13.50
Price Target 3: $16.80
Stop Loss: $6.60
Previews chart
CAKE, the trendline BREAKOUT! Is PUMP still possible?PancakeSwap(CAKE) broke the trend line and tested it as support. This shows the strength of the buyer, but at the same time the volume has not increased. So, a local dump with a false breakout is possible, after which it is ok to open a long position with a profit risk of 1:5 or more!
Large volumes in the fall of the price show that someone has accumulated a position, therefore a local PUMP is possible.
Targets:
1. $9,20-9,40
2. $9,75-10
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
"CAKEUSDT" "CAKE" LONG!!!!!CAKE WILL START THE UPTREND AFTER IT REACHES THE LOW LEVEL (8.20)
then it will start following the UPTREND untill it reaches the level of 11.00 in 8 days approx.
$CAKE SHORT TO 6.5$Head and Shoulders in 4H
If breakout neckline, cake down to 6.50$
TP1: 7.37$
TP2: 6.50$
CAKE is Ready to Make Another Bullish MoveAfter successfully testing 8.40 region it is gathering strength to make another leg up where it will target 13$ area but before that it have to deal with the 200D EMA which can challenge it further. Currently its in a good buying zone but trade from this point will not lead directly to 13$ it might remain in range for few days.
ADAM & EVE Pattern , Daily, CakeUSDT in Daily Timeframe made an double bottom "ADAM & EVE"pattern and broke the resistance line now is retesting the line.
This makes it Extra-bullish!
Cake has great potentials to jump from here.
CAKEUSDT up trend channel ! As the recent correction end it made higher low Pivot and now put the price in an uptrend channel !
hope see Moon Cake !
CAKE BULLISHMarket just finished 1-5 Elliot wave bearish and broke out of an downtrend, going up it created high volume institutional candle, we are forecasting to see a pump up retrace to our institutional candle and rise to 15.80 zone.
Entry: 9.94 (After retrace)
Invalidation: 8.73 (recent HL below buy zone)
Target: 15.80
R/R Ratio: 4.84
Whatever happened to CAKE?Whatever happened to $CAKE? it seems to have lost it's icing. Been in a constant downtrend since August 2021, current daily candle could close as an inverted hammer depending on what happens with BTC, which is quite bearish and get a rejection from the resistance. Reclaiming the area where the order block is at and flipping it would signal a bullish reversal, adding an alert on this one would love to see what happens to it.
