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CAKEUSDT trade ideas

Let them eat CAKE!Right now we could see a nice falling wedge after a bearish Crab Harmonic Pattern that after it reached the pcz, retraced to the .618 fib level from which it has been holding as support for 6 weeks now. Yes it struggled at the 200 day sma but it never dumped and created alot of support by doin so. Rn Cake is perfect for a trade because its very easy to manage risk at these levels. A close below 17.80$ could signal more downside on CAKEUSDT but if it manages to break the supply line of the potential falling wedge it could end this consolidation/accumulation at high levels and sideways movement with a big bullish engulfing candle in the next days or even hours. Stop losses are manual because we always want a candle close confirmation b4 selling. Today i learned a valuable TA Lesson i used the same chart for the last months for CAKEUSDT. I always studied the same CAKEBUSD chart which was cluttered with drawings which made me biased. i never hid all my drawing or looked at a clean chart which was a distraction from developments that happened on the Chart. From now on i will take a fresh look at stuff and also focus on the most important drawings and start hiding stuff more often while charting.
Long
by luyestefan
PancakeSwap (CAKE/USDT) technical analysisPrice was moving in a steep downtrend channel; Now, the price has broken the channel and it looks like it's ready to change the direction to an uptrend. Although, the price might test the long horizontal resistance line one more time; be ready. If the uptrend wave starts, the first and second targets are the bottom and the upper side of the triangle, respectively. After that, the projection of the price target will be an area around the thick uptrend line.
Long
by SaeedSalehinia
Binance: CAKE-USDT Buy / Long D1Binance: CAKE-USDT Buy / Long D1 Entry: 14.2$ Stoploss: D1 close below 11.5$ Target: 26$ and hold longtern 40$ Pancakeswap is a diverse product set that turns Pancakeswap into a true DeFi station on the Binance Smart Chain ecosystem. Trade: Trade and generate LP tokens to provide liquidity. Farms: Yield Farming with an extremely large number of pools (the liquidity center of the BSC system). Pools: Stake CAKE to receive CAKE or other tokens in the BSC system. Predictions: A mechanism that predicts the rise and fall of asset pairs over a certain period of time. Lottery: Lottery game on Pancakeswap. Collectibles: Collect NFT items. Team Battle: A program to participate in trading between groups and ranked based on trading volume. IFO: Initial Farm Offering is the IDO Platform for new projects on the BSC system.
Long
by Tran_Tri_Tai
1
CAKEUSDT - HOVERING AROUND A SUPPORT ZONE!CAKEUSDT After dropping from the 26.00 level it has already broken the support area around 17-18, becoming a resistance area. Now it has been bouncing from a Support zone where the Trendline support also lies. If bulls successfully pull the price above 14.00 then they can target 17.00 followed by 20. On the other side If that support zone will be broken, then we can see a selling pressure towards 10.00 followed by 8.00. Good Luck!
by JustTradeSignals
CAKE Bull FlagBINANCE:CAKEUSDT Everybody wants to kill me because Cake price fell hard. Many throwing in the towel at the worst possible moment. However, what I see is a big Bull Flag Pattern, which should lead to higher prices when it finally breaks to the upside. To do that, we need to go above $19 USDT. If we do, the minimum price target would be $34 USDT. A target that I expect will be meet before year end. www.freeonlinetradingeducation.com Critical support would be $14 USDT. We had increased volume in the last 3 days, which is good, as it could signal the final liquidation and price bottom. Also, the RSI indicator is deeply oversold, which could also signal a bottom. I hope you find this interesting and good luck to you
Long
by Raul_Dominguez
8