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.
CAKEUSDT trade ideas
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 $CAKE? it seems to have lost it's icing. Been in a constant downtrend since August 2021, current daily candle could close as an inverted hammer depending on what happens with BTC, which is quite bearish and get a rejection from the resistance. Reclaiming the area where the order block is at and flipping it would signal a bullish reversal, adding an alert on this one would love to see what happens to it.
CAKEUSDT is testing the resistanceThe price had a breakout from the daily dynamic resistance and now is trying to have a breakout from the static resistance.
On the 4h timeframe the price is below a supply zone on 7$.
How to approach?
The price needs to create a new bullish impulse and breakout from 7$ and retest that area as new support. According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
CakeLook at the chart and the channel. Everything depends on the btc and btc has strong supports. 43k, 37.5k. I feel the start of the Alt season is near.
POSSIBLE BREAKOUT , REVERSAL UPTREND ?
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
- $CAKE is on the verge of breakout on the channel's high.
Currently it's moving on the 1D time frame chart into a descending channel and after the break-out, It'll be able to climb up to the higher S/R 9.4$ - 10.5$ - 12.80$ respectively.
- But it's better to wait for a proper hold above 9.0$ to take Long on it, meanwhile we can notice the spike in volume where buyers pushed the price upper protecting level of support 5.3$ as i suggest that buyers are shifting their money
into CAKE making it likely that the existing trend is about to reverse direction after the sellers have failed to make a new lower low.
- Be aware that we have the possibility of reversal on $BTC at $49500's resistance.
Hope you enjoyed the content I created,
Have a good day Traders!
Add CAKE to your watchlist !hey everybody hope you're doing well .
just wanted to give you an overall idea of what's going on with CAKEUSDT . It might the beginning of a new HUGE uptrend .
NOTE: Trade on your own .
CAKE COIN - Update ✅CAKE rejected the 5.50 - 6.00 price area as we expected in the previous analysis, from a technial perspective we are from there in a bullish market strucutre. Price shifted the strucutre from bullish into bearish somewhere around 7.0$ where it broker above the last high with a huge momentum. The long-term targets for CAKE are around 11.50 where we have a bullish imbalance. This should happen in the future, but i will wait for a retracement somewhere around 7.50 / w1 imbalance and then enter LONG TRADES from there
What do you think ? Comment below..
CAKE / USDTNow cake in TIME FRAME 4H is in this pattern
just keep eye on it to make it short or long
I do trading based on patterns so I hope you guys know how to set up your trades target and stop loss
GOOD LUCK GUYS
THIS IS NOT FINANCIAL ADVICE IT'S JUST MY PERSONAL OPINION
DO NOT FORGET TO USE STOP LOSS
Cake first target hitCake looking good since i called the bottom on my previous chart
hopefully you got in on my previous chart and enjoying the ride
CAKE/USDT Pancake swap token technical analysisCurrently CAKSE/USDT is heavily undervalued in my opinion and it is currently test marketing at its current level, if breaks out thats a perfect time to buy if it drops down to bottom support that would be even better to make more profits!!!
White line = current support
Red line = current resistance
Yellow line = future resistance
Orange line = future strong resistance
Cyan line = future resistance
Green line = top resistance
Not financial advice do your own research i just post trades that i do myself!!!
BINANCE:CAKEUSDT
