unfortunately Cake is not in a good situationunfortunately, Cake is not in a good situation
I think it will continue to the bottom of the channel to get power ...
CAKEUSDT trade ideas
CAKE, near the historical support.The following content is machine translation:
From the daily chart, the historical support is near 10.
The entire pattern forms a triangle with a downtrend line and a large support line.
It has been fluctuating within a narrow range recently. About to choose a direction.
This is near the historical support, and there is a high probability that it will rebound and break through the infinitely close downtrend line.
Therefore, if you see more, you can make a layout for bargain hunters.
Cake is down the trendCake is down the trend price is looking good for buying but scary at the same time.
Accumulating on weakness, >50% upside possible.Plan is to accumulate by batches in the 10.20$ to 8.30$ range, having the opportunity.
First lot bought.
Here is CAKEBTC:
Risky contrarian trade , it may slump.
DYOD.
CAKEUSDT Analysis (GLOBAL VISION)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked).Thank you!
Everything on the chart.
if the price falls below 10$ - it's very bad signal for Cake holders, then the target will be 5$ and 3$.
If we gain a foothold above 16$, then the upside potential to 40$ remains.
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
CAKE - Bottoming Out! ⚡️In our last analysis, we were waiting for price to reach the $10 level. We are now there and looking for bullish price action to indicate reversal. We can see that we're in a wedge pattern and looking for a break out of the wedge for confirmation.
Trade Idea:
- Risk entry = bounce off double bottom
- Safe entry = wait for wedge breakout and then enter
- stops below the lows
- Targets: 17, 26, 44
Goodluck!
Short Term, 1 Hour | CAKE/USDT | Great opportunity to BUYIn the chart you will see my speculation and small analysis of the instrument $CAKE.
By any means don't take this analysis as financial advice and do your own research before initiating and risking capital
cakeusdt 70 % profitcake ready for breakout downtrend Chanel
see this price action now in the strong support
ready for 17$
Cake is at the end of the triangle and is expected to break out The last stage of the triangle is clear and Cake will break out within three or four days if we see it break up and confirm above the resistance over the triangle line we might see it starting an uptrend or else will be a down break and fall to lower levels.
CAKE profit 10% after 1h SHORT signal - more to come?Please Like or Follow if you enjoyed this content.
UPDATE: The price dropped 10% after Short signal. This trade was a piece of cake! Price is below Ichimoku cloud and RSI is still bearish. Then again RSI and CBrown is forming a bullish divergence. CCI is oversold. A bounce up is likely. However if price drops here another leg, next support is around 10.10 USDT.
This analysis is made with my "Supertrend Ninja - Clean". It displays only the last few signals. Which gives it a clean look. When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. A red background indicates a possible bearish downtrend. Currently CAKE is still in a downtrend on the 1h chart.
Supports and Resistances are highlighted as grey blocks. Profits can be taken at each grey block. Supports and resistances are automatically drawn using my indicator "Yo Show Me Some Support - and Resistances". Pun intended.
Thank you for reading.
Namasté 🙏
What Indicators Do I Use:
In the chart I am using my "Supertrend Ninja - indicator", which is a trend-following indicator (Green and red vertical line with arrows). When the background of the candlestick closes green (vertical line) with an upwards pointing pink arrow. It indicates a possible bullish (up)trend.
"Supertrend Ninja - Clean", a cleaner version of "Supertrend Ninja - indicator", which only displays the last few signals.
With each trade proper risk management is essential. Either by using my script "Trailing Stoploss Bottom Activation indicator", visible as grey dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using my "HA Trailing Stoploss Activation", the indicator below with green and red blocks. Or third option, exit when the Supertrend Ninja indicator displays a vertical red line with a downwards pointing black arrow. Remember, the first stop(loss) is always the cheapest stop.
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
CAKE/USDT 3D chartclose from a buying zone
that was confirmed 6 times over the last year
a posetive RSI divergence
Long +++
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Bullish Priority on CAKE As long as the daily candle closes above the 11.05 support, my priority remains bullish on Cake. That’s a historical support that has been maintained and there are indicators like the RSI with a bullish divergence and the MACD giving us a buy signal. Let’s see how it goes, I’m holding SPOT on this trade for about a week, depending on whether I realize my expected profit before then or not.
CAKEUSDT breakout🟢 Break long time resistance
🟢 Retest of support
🟡 Triangle squeeze in progress
Buy Zone: 19.1 - 19.3
Profit Targets: 12%, 25%. 45% and 66%
Cake usdtCake at perfect bottom. Soon to 5 to 10 x profit potential coin. Buy at current price and sell your wise.
CAKEUSDT is testing the 0.5 Fibonacci LevelCAKEUSDT created a double bottom on the weekly support and now the market is testing the 0.5 Fibonacci level.
The buyers are trying to have a breakout from the descending trendline (dynamic resistance)
We can wait for the breakout from the weekly resistance (red one) and apply our rules to open a new long position
Cake breakout 1D TF.Cake on the verge of a diagonal trend line breakout and a horizontal resistance level breakout stop loss below the bullish demand.
CAKE/USDTCAKE/USDT Pairs
Buy @ 11.80
Target 1 : 13.40 USDT
Target 2 : 15.80 USDT
Target 3 : 17.91 USDT
Cake TradingViewHello This Is My Technical Analysis For Cake Crypto Follow & Like And If You Have Question Comment I Answer Good Days And Good Trades.
#CAKE
Champions looking at the past of this altcoin this was a region of strong demand I believe that in this 3 day chart we are forming a double bottom and a W pattern so I decided to hold this pair these first 3 months of the year!
CAKE usedwe have a butterfly and 3 targets not all of them because each target after touch can be the role a resistance
