Warning!!!This analysis is true for almost the whole crypto market, there is no other alt season, withdraw your capital at this point
CAKEUSDT trade ideas
CAKE - BEAR PREVAIL FOR 3 YEARS AND NOW WHAT
You need to see what this looks like on the weekly & monthly chart - a clean classical Head & Shoulder pattern unfolding and about to end. The thing is a lot are looking for perfect entry but that is a gravy mistake and often time they get sidelined, especially in this imminent bull run. The best way have always been to DCA and never go all in at once.
The invalidation level (red dotted line) is clearly on the chart for this scenario. BINANCE:CAKEUSDT
OTHER ANALYSIS
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The price has broken through a significant supportThe price has broken through a significant support area around $2.364 and is currently testing it again. This retest is crucial as it will determine whether the support level can be reclaimed or if the price will continue to decline. If the price fails to reclaim this level and closes below it, we may see a move towards the next support area.
just an IDEA ( cake 1D )As you can see and I mentioned in my previous cake chart, unless we maintain above 3$, we couldn't move upward. As you can see, because of the blue trend line, we couldn't stay above 3$, and it was a fake break.
As you know, we have been in a range box for 2 months, and based on the range box rules, if we have a fake breakout on either side, there is a high possibility of returning to the opposite side of the range box again. This clearly happened here.
Now we are in a support area. We need to see a good reaction here to determine our next steps, but consider that we still have our blue trend line and the 3-dollar resistance above us.
📊Meanwhile, our volume is decreasing, which indicates that people are tired of this range box and these prices. Due to this situation, we could see a sharp move in either direction soon.
📈 Bullish Scenario:
We are currently in a support area. We need to see a good reaction here to determine our next steps, but keep in mind that we still have our blue trend line and the 3$ resistance above us.
• If the support at $2.40 holds and the price rebounds upward, it may target the next resistance levels around $3 and potentially 3.60 TO 3.80$ . These levels align with the Fibonacci retracement levels of 0.050 to 0.061 from our recent downtrend movement, as well as the resistance indicated by our yellow trend line.
📉Bearish Scenario:
• If the price breaks below the support at 2.40 and closes and maintains there, the next target could be the support levels around 2.15.
• There are also more bearish scenarios that I don’t want to consider yet. We need to see the reaction at 2.15, and then we will think about that scenario. However, we should keep it in mind.
Keep a close watch on these levels and the overall market sentiment to make informed trading decisions.
Please let me know what you think.
Will CAKEUSDT Make a Big Move? A Key Event Can Push Cake PriceYello, Paradisers! Do you see the potential for a massive breakout in #CAKEUSDT? We have some exciting information that could be vital for the #CAKE movement in the next few days
💎#CAKEUSDT has consistently followed a symmetrical triangle pattern, and right now, we're seeing a bullish double bottom pattern forming at the crucial support zone around $2.29. If the price maintains its momentum, there's a strong possibility of a bullish surge toward the supply area.
💎#PancakeSwap ( NASDAQ:CAKE ) has an upcoming event from June 19 to June 20, 2024. This event could drive demand for #CAKE and associated tokens, potentially causing significant price movement.
💎If #PancakeSwap sustains its momentum, we could see a bullish breakout from the support at $2.29. If the price fails to hold momentum and breaks below the ascending support, we anticipate a bullish rebound from the lower support level at $1.91.
💎However, if NASDAQ:CAKE break below the strong support at $1.91, it would invalidate the bullish outlook, leading to a significant price drop.
Stay focused, patient, and disciplined, Paradisers. Make sure to keep an eye on these key levels and trade smartly.
Just an 'IDEA' I think it will move like this , but mean while it can change , for now I think we need to close above EMA 200 first , then try to fill the FVG and get to fibo 50-61.8 .
CAKE Analysis and Signal on 4HCAKE Analysis and Signal on 4H
🔵Entry Zone 2.869 - 2.822
🔴SL 2.694
🟢TP1 3.088
🟢TP2 3.318
🟢TP3 3.509
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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SAME IDEA FOR 4HSAME IDEA FOR 4H
NOTE FOR 1D (I think it will move like this, but meanwhile it can change. For now, I think we need to close above the EMA 200 first, then try to get back and fill the FVG. After that, we can get back above the EMA to reach the Fibonacci levels of 50-61.8.)
CAKE is bullishWe have a bullish structure on the chart and also a head and shoulders can be seen at the bottom. By maintaining the demand range, it can move towards the supply side.
The targets are clear on the chart.
Closing a 4-hour candle below the invalidation level will violate the analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
cakeusdt gold signal Hi
#CAKE has broken out of the symmetrical triangle with high volume and has also surpassed the horizontal resistance. An upward move is anticipated as long as it continues to trade above the horizontal support,
buy zone : 2.90 to 3.15
targets:
3.30-3.46-3.60
thank you follow me
TIME TO PUMP $CAKENASDAQ:CAKE is at a very strong support and is about to pump. Profit should be within $5.2 or more, that is a 90%+ profit in view
cake time frame 1dayHello, everything is clear in the chart
Don't forget capital management
And don't be greedy
CAKEUSDT 1D#CAKE is trying to break out the falling wedge pattern on the daily chart. The next resistance level is MA200, which is around $3.00 level
In case of a breakout, the targets are:
$3.490
$3.825
$4.160
$4.574
$5.243
We are bullish on it.
Cake we see that price broke and ending pattern
then i will STAY for retrace to catch it
notice
i must see OB engulfing pattern to get in trade
CAKE/USDT BUY IDEAWe can expect to have a reaction in the direction of selling from the specified support zone
Confirmation from the price actionOn a 4-hour timeframe, the support and resistance levels of the price range have been identified. When the price reaches either of these specified levels, we can focus on the price reaction after receiving confirmation from either direction. This approach allows us to make informed trading decisions based on the observed price action at these critical levels.
CAKE ready for a POP ! Basing up and holding. above resistance.CAKE strong looking chart,
continually basing up and maybe one to follow the DEFI names that already popped. UNI UNFI and SUSHI. just bought the 4h HL off of 4h Ema 12. stop under there.Guys and Gals remember it is no problem buying a strong chart high up.
Just respect your stop and let it play out.
TA rules, Learn TA from the MASTERS . Learn real setups . Study our Playbook.
Get profitable fast!
You love Charts and so do we ;)
Chris Chartman and the Freedom traders
CAKEUSDT Eth CounterOk ok , I've been keeping them to myself lately . But this one needs sharing. As ETH fees continuously go up in expectation of the etf, even tho not everyone knows it . Blackrock has filed for it in May , and they do not get rejected .
Eth fees go up , chain becomes untradeable for normies, they'll cheaper ones such as SOL , INJ and BNB Smart Chain. Cake here looks prime as 1W ichi has left the cloud
CAKEUSDT LONGKUCOIN:CAKEUSDT
It is exactly on the resistance
I opened a long position
It is better for you to wait until the price goes above the resistance range and the PURPLE line and stabilizes, and then open a long position with more confidence.
Comprehensive Analysis of the CAKE/USDT Chart1. **Key Support and Resistance Levels**:
- **Resistance**: There are two major resistance zones on the chart:
- The first zone is between 5.500 and 5.800 USDT.
- The second zone is between 6.580 and 6.965 USDT.
These areas are highlighted in red and indicate significant selling pressure where the price is likely to encounter resistance.
- **Support**: The major support zone is around the 2.500 USDT price level. This area is marked in green, indicating significant buying pressure where the price is likely to find support.
2. **Liquidity Levels (LIQ)**:
- **LIQ (weekly)**: Located around 1.206 USDT and 7.500 USDT.
- **LIQ (daily)**: Located around 6.580 USDT and 0.994 USDT.
Price Movement Prediction:
- **Upward Movement**:
- If the price can break through the resistance at 5.500 USDT, it may move towards the higher liquidity targets at 6.580 USDT and then 7.500 USDT. These areas are indicated by blue lines and can be considered potential targets for upward movement.
- **Downward Movement**:
- If the price falls below the support at 2.500 USDT, it may decline towards the weekly LIQ around 1.206 USDT. This level can be considered a target for downward movement.
Conclusion:
- For short-term traders, monitoring price movements around the key resistance and support zones is important. Traders can look for signs of price reversal in these areas.
- For long-term investors, focusing on liquidity levels and overall price movement predictions can aid in better decision-making. If major resistances are broken, a move towards higher liquidity targets is likely, and if key supports are broken, a move towards lower liquidity targets is likely.
