CAKEUSDT trade ideas
CAKEUSDT: SHORT OPPORTUNITY AHEAD, BEARISH BIAS STILL PREVAILS?Hello CryptoTrading Enthusiast! Help the Channel Growth by smashing the FOLLOW and LIKES Button, then Share your opinion on the Comment Section below :)
CAKEUSDT retested the trendline and created an impulsive rejection. The stochastic pointed down in the neutral area that could be an indication of bearish bias for Pancake Swap ahead.
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This isn't a recommendation to buy or sell cryptocurrency, only an Outlook from technical perspective.
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Can we see the $20 cake after the break out ?!Hello
What are the facts here?
We are below key support
We have a downtrend
What do I expect?
That I do not expect there is a potential seller in this area
Price can break the trend line and broken support area can also become a fakeout
I think many people are waiting for that trend line to be broken.
$CAKE no reversal patterns yet$CAKE broke down from major $10 support late January, and has been forming a bear flag for the past 2-3 weeks.
I expect at least one more leg down, and don´t see any reasons to buy at this moment.
A break of the black trendline, with some sort of reversal pattern would be needed to aim for the test of $10, now major resistance.
CAKE going to break the triangle soonPancakeswap is taking its time to consolidate as well as DOGE ( I did an analysis for that too ) and it's a matter of days that it's going to break the triangle.
The volume is growing so it's enough signal to me that we are going to break up rather than down.
Doge is time to waking up! Target for me in the long terms (6-8 months) will be 0.8 cents.
CAKE strongly bearishHello Trading view community, should you like this analysis, please support with like ans comments, Thank you.
Cake reacted to its resiatance level at $08.80s and carshed down again, we like it or not, it may drop down into $06.80s again.
ofcourse eventually, almost all cryptos trends are affected by BTC and ETH somehow, so should BTC crashes toward $39K - $$38K, again (which may carsh even up to $25K or more) then we should expect more crash on all coins beside cake.
CAKE/USDT BULLISHCAKE has been in a downtrend since ATH, the bottom could be in. The price is also at an all-time low currently.
Boilinger Bands indicator show a breakout at 7,50ish. If price movement could break through 9,00 resistance, we will see an uptrend. Combination of breakout on Boilinger Bands and resistance level could be huge.
Fundamentals: Pancakeswap (CAKE) is the market leader for BSC DEX´s. Pancakeswap holds the most number of coins, pairs, visits and also has the highest market share on BSC (Binance Smart Chain).
Entry: 7 - 10 USD
Target: 40 USD (300 - 400% gain)
Not financial advice.
CAKE W/ CUSTOM FIBS So here I see that we are sitting on my red line fib which means that it’s on the size of the boy wants to go the white area is neutral you can go either way from there if it hits the green it’s more likely to hit the blue line at 71.8% or make a full retrace which means that it might actually cross the full retracement from the downtrend
CAKEUSDT, Finally we made it Hello everybody
Did you check event of today ? Did you check unemployement rate ?? Do you know how you can analysis when the news coming ??
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According to the last analysis we shown on chart that the price was making a triangle and we need to break it and then wait for the pullback and trigger for entrance then you can take position and buy, at this time finally we have candle stick pattern is making after broke and its morning star.
According to the pattern we can buy some part in here in this price and put our SL and the below of the pattern and wait until the target that we shown reach.
Good Luck
Abtin