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CAKE / TetherUS

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CAKEUSDT trade ideas

CAKE - Explosive Move Coming! 🎂CAKE is one of the cleanest and easiest charts to read. We have a simple ABC correction and we're currently on the last bearish wave of C. We are now waiting for the first bullish candle to appear, at which point we'll know we've hit the floor. On lower timeframe we can look for reversal price action to confirm the floor. Trade Idea: - Watch for the final leg to complete. This can be done by looking for bullish price action such as trendline breaks, BOS, RSI oversold etc. - Once bullish price action appears and meets your criteria for reversal, enter with stops below the recent lows - Targets: 17, 26, long term target 40 Will update this chart once we've hit the aforementioned floor. Goodluck!
by WicktatorFX
12
🎂CAKE follow BNB. Is it time to buy after 15% fall?After BNB annaunce investing in Cakeswap it`s pump for 17% in 8 hours. As you see at volume indicator someone sells a lot of the coins (take profit). But why the price dump to the previous valua area of $4.34-4.42? The SEC raised a suspicion of Binance similar to the Ripple case. Allegedly BNB are shares of the exchange, which is not allowed by law. This news dump even Bitcoin for 6%! 📊 What is good for bulls? 🔶Price is trying to close inside the valua area of $4.34-4.42. It`s the first sign of strength. 🔶The second positive sign for bulls is the volume growth. What this mean? Someone open additional long possition because there is enough liquidity to buy. 🔶If the price start to squeeze to the trendline and additionally volume will grow it will be the third signal that bulls show the strength and ready to pump the price. 🔶Closure of cases of possible violation of the law by Binance exchange will give a strong boost to the price of BNB and CAKE. Targets for long are marked on chart: $4.88 - key level $5.65-5.85 - value are 📊 What is good for bears? 🔶The bulls were traped even on BTC so it`s possible that the price of all alts will follow the BTC price if the dump continue. 🔶If the SEC continues to investigate Binance, all altcoins linked to this exchange (CAKE, BNB, WRX, TWT) will consolidate or fall for a long time. For example, Ripple, which is about 2-3 years in a similar position in the bull market grew less than Bitcoin, although it has a capitalization of 10-15 times less. 🔶The false breakout of the trandline will b additional sigmal that the bulls haven`t enough power to push the price higher. Binance is the largest crypto exchange and it`s hard to image that it will be banned. Perhaps the exchange will just pay a small fine, since the proceedings only concern 2017. 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
5
CAKE/USDT has brokeoutHey Colleagues, The time came where breakout of the CAKE coin happened. There are two scenarios for this coin but both would have same outcome: 1) We move $5.6 after what we will witness a small pullback by the sellers. 2) We will move to $7.3 without any stops from where we might see a pullback. If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Long
by SwallowAcademy
The fat kid loves $CAKE$CAKE the local token for the PancakeSwap exchange on the Binance Smart Chain BSC has seen a significate drop after it's launch to ATH at $44. The bear market and drop in price for BTC has really hit it hard but the project remains great with genuine use case. 10's of coins are launched on the PancakeSwap exchange everyday it is still seen as the 'go to' for new coins and projects to launch. While I anticipate further moves to the downside to BTC and the market as a general I am looking for an entry into $CAKE around the $2.5 zone EIW theory puts it back up at $5.3 to put in wave 4 before a further dump to put in wave 5, possibly down to $2.2 which would be a great price to but in my opinion (depending on the state of the market and BTC) An ABC correction will be expected after wave 5 which according to EIW will put the price back up at $20 once wave C is in for a possible near x10 move. Combine this with the staking options that are available on the PancakeSwap website pancakeswap.finance with the fixed syrup pool offering up to 125% APY if you stake for 52 weeks (1year) which is an incredible return. Add #CAKE to your watch list guys
by jamesdbarnard
2
Aw sheeeet. CAKE prediction: possible -50% again before pump?If I were to look at the historical progression of cake over the past few months, I am confident we are in a long-term downtrend. Too bad this realization came after my portfolio was down 60% xD. Well, let's hope my newfound humbleness is able to predict the markets more accurately. Will you look at that? Is that a very interesting support I see? 2$ cake? "Oh, how could a multibillion crypto token ever lose complete value hah! its too big to fail!!" If it weren't for LUNA I wouldn't be sweating balls right now.
by Manan991
1
CAKE may crash moreHello trading view community. Should you like this analysis please support with likes and comment your idea below the analysis please. Thanks. Never risk more than you can afford to lose. Always DYOR. CAKE has reacted to the weekly resistance zone ($9.270 - $9.239 in blue) it may drop to monthly support level ($5.07 - $5.048) since BTC may crash more upto $30k then one may expect the cryptocurrency market to crash more, where CAKE may even break down its monthly support zone at ($5.075). This is a personal idea and I am not a financial adviser
Short
by iBijan
PANCAKE-USDTGreetings, Price has been in a downtrend since May 2021, but nevertheless there have been 2 times a bounce from local lows of 100%, the last time in March from a price around $5. After that, a test of the past support zone, around $10, which has now become a resistance zone. Possible entry points to go long: On a breakdown of the downtrend, or look for an entry point on a retest of support around $5 and the formation of a double bottom. Daily chart. A rise and a correction that could be a flag band. The targets when this pattern is worked out will be the length of the flagpole. If you liked this material, in that case, please like it and subscribe so you don't miss anything. Always use STOP, and do not use a leverage higher than x3. A trader must always have tomorrow.
by Kirill_Gaitan
CAKE - Easy 300% Move Pending... 🔥CAKE is one of the cleanest and easiest charts to read. We have a simple ABC correction and we completed the C wave recently. We are now in bullish territory and looking for any opportunities to go long. We have a nice correction forming now and all we need to do is wait for a breakout and enter. Trade Idea: - Watch for breakout of the descending trendline - enter with stops below the structure - Targets: 17, 26, long term target 40 It is possible we may come back to test the structure to create a double bottom before moving so just be wary of that. Goodluck!
by WicktatorFX
1