CAKE/USDT TRADE SETUP! BREAKOUT!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this CAKE/USDT TRADE setup. CAKE looks bullish here.
CAKE is breaking out from the bullish pennant in 1hr time frame. Expecting a 20-22% pump from here. Buy some now and add more in dips.
Entry range:- $9.2-$9.4
Target:- 20-22%
SL:- $9.04
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CAKEUSDT trade ideas
Trading opportunity for short position-CAKEUSDTBased on technical factors there is a short position in :
📊 CAKEUSDT PancakeSwap
🔴 Short Now 9.18
🧯 Stop loss 10.20
🏹 Target 1 8.50
🏹 Target 2 7.50
🏹 Target 3 6.20
💸Capital : 1%
We hope it is profitable for you ❤️
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🔥 CAKE Short-Term Bullish: Roadblock AheadCAKE has been one of the weaker cryptos of the last year. However, CAKE has been a relatively good performing crypto over the last couple of weeks.
With CAKE seemingly bullish, it's time to start looking at a potential bullish break out of the bearish channel in which CAKE has been trading for over a year.
With the overall crypto and stock markets showing signs of bearishness, I'm not yet convinced on a bullish break out. Ideally, we get strong bullish price action in the afore mentioned markets and a strong rally in CAKE to push the price through the top resistance of the channel.
To be continued. Happy trading!
CAKEUSD ! The coin is stronger than the market. Up to $10An interesting coin CAKEUSD, the coin is traded independently of bitcoin. Bitcoin falls and the coin rises. The range 9.20 - 8.60 is broken upwards and a consolidation is formed above the level
I suppose, since the cryptocoin behaves stronger than the cryptocurrency market, then if the price can gain a foothold above the level of 9.20, we can see the price rise to $10,
next target 12.5
Sincerely, R. Linda!
CAKEUSDT - SETUPCAKEUSDT price was moving into a bearish channel, this almost a year-long rally was broken down and then retested successfully by the bulls. Bull's efforts pay off and now price print an HL, So we may see a seamless rally towards upside with the help of EMA 100 which is acting as a support. Keep accumulating.
#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 / 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