CAKE
CAKE/USDT 4h simple analysis in 12th/JunHi, crypto traders.
CAKE is in a sideways market now.
The price continued to go down and reached close to my 1st target: 14.90USD. After that, the candle changed positively and already broke 20h (red) line to the upper side.
Since the sequential order of MA lines is 240h (green) line > 80h (blue) line > 20h (red) line, if the candle goes down and breaks 20h (red) line to the lower side, the trend will be a downtrend. And this point will be a short entry point.
Conversely, if the price goes up, the 1st target is the cross-point with 80h (blue) line.
==TODAY’s Check Points==
- The candle continues to go up and breaks 80h (blue) line clearly?
- The candle changes negatively and breaks 14.90USD?
==TODAY’s Target Price==
CAKE goes up:
1st target: Cross-point with 80h line
2nd target: Cross-point with 240h line
3rd target: 21.53USD (the last highest price)
CAKE goes down:
1st target: 14.90USD (the last lowest price)
2nd target: 13.81USD (the lowest price in 30th/May)
3rd target: 9.32USD (the lowest price in 16th/Mar)
Enjoy your trading.
CAKE/USDT 4h simple analysis in 10th/JunHi, crypto traders.
CAKE is in a sideways market now.
After the candle breaking 20h (red) line to the upper side, the price continued to go up. But it bounced from 240h (green) line and is slightly going down.
Because MA lines and the candle are very close, it's difficult to predict the next move. The trend can change easily in this market.
We should wait and see the next trading timing today.
==TODAY’s Check Points==
- The candle changes positively and breaks 240h (green) line clearly?
- The candle continues to go down and reaches 14.90USD?
==TODAY’s Target Price==
CAKE goes up:
1st target: Cross-point with 240h line
2nd target: 21.53USD (the last highest price)
3rd target: 22.50USD (the highest price in 20th/May)
CAKE goes down:
1st target: 14.90USD (the last lowest price)
2nd target: 13.81USD (the lowest price in 30th/May)
3rd target: 9.32USD (the lowest price in 16th/Mar)
Enjoy your trading.
CAKE/USDT 4h simple analysis in 8th/JunHi, crypto traders.
CAKE is in a downtrend now.
Unfortunately, the price suddenly started to go down and broke all MA lines to the lower side. After reaching 15.63USD, the price bounced a little bit, but it seems the candle goes down again.
If the candle keeps under 20h (red) line, the trend is a downtrend. Conversely, if the price goes up, the 1st target will be the cross-point with 80h (blue) line and 240h (green) line.
Because the trend is a downtrend, we shouldn't buy CAKE in this market.
==TODAY’s Check Points==
- The candle changes positively, then breaks 80h (blue) line and 240h (green) line?
- The candle continues to go down and breaks 14.90USD?
==TODAY’s Target Price==
CAKE goes up:
1st target: Cross-point with 80h line and 240h line
2nd target: 21.53USD (the last highest price)
3rd target: 22.50USD (the highest price in 20th/May)
CAKE goes down:
1st target: 14.90USD (the last lowest price)
2nd target: 13.81USD (the lowest price in 30th/May)
3rd target: 9.32USD (the lowest price in 16th/Mar)
Enjoy your trading.
CAKE/USDT 4h simple analysis in 7th/JunHi, crypto traders.
CAKE is in a Great Uptrend.
The price started to go up, then already broke 20h (red) line and 80h (blue) line to the upper side. Because the sequential order is the candle > 20h (red) line > 80h (blue) line > 240h (green) line, the trend is a Great Uptrend.
However, since MA lines are close, the trend can change easily. If the price goes down and breaks all MA lines to the lower side, the trend will be a downtrend.
We should watch the price will break my 1st target: 21.53USD or not today.
==TODAY’s Check Points==
- The candle continues to go up and breaks 21.53USD?
- The candle changes negatively, then breaks all MA lines to the lower side?
==TODAY’s Target Price==
CAKE goes up:
1st target: 21.53USD (the last highest price)
2nd target: 22.50USD (the highest price in 20th/May)
3rd target: 29.07USD (the highest price in 18th/May)
CAKE goes down:
1st target: Cross-point with MA lines
2nd target: 14.90USD (the last lowest price)
3rd target: 13.81USD (the lowest price in 30th/May)
Enjoy your trading.
BTC/USDTand Finally we find the perfect #BTC PENNANT pattern, its #BERISH pattern but all is possible in #BTC and i'm #BULLISH.
i take long X10 trade in 35.9k with SL under 34.5k and TP0 in 42k
Bearish Flag // Rising WedgeAs we can clearly see bear flag :)
NOTE: Tread at your own risk // just sharing my ideas
BTC/USD PHEMEXand Finally we find the perfect #BTC PENNANT pattern, its #BERISH pattern but all is possible in #BTC and i'm #BULLISH.
i take long X10 trade in 35.9k with SL under 34.5k and TP0 in 42k
$CAKE, breaking above 50k sats seems key from here..$CAKE as reference. (refreshing some charts drawings)
Looking for the next buy signal to hit, breaking above 50k sats seems key from here..
Cake Fibo long position Cake had a strong sell off and closed below the 1h SMA 100 still the SMA 200 ahead, I think it will retrace and reach 22$ in the next few days. it could get down to 17.50$. but 22$ is more likely I will wait for it to close above the 0.618 and then I will buy. especially if it retraced off the 0.786-0.705 Fibonacci level like it is doing now I will wait for confirmation above 0.618.
CAKEUSDT(12H CHART) - Resistance breakoutCAKEUSDT (12H CHART) Technical Analysis Update
Resistance Breakout
CAKE/USDT currently trading at $20.3
Buy-level: Above $20
Stop loss: Below $16
Target 1: $24
Target 2: $28
Target 3: $34
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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MY MINIMALIST CHART ANALYSIS FOR $CAKELOOKING AT CAKE
This is not a piece of financial advice. Boxes are major price action probability. it may be a top-up level, partial close, exit or entry-level.
Run Fibs at different time frames for confluences and watch out for market dynamics as it unfolds its path.
Wait for Buy BTCBTC UPDATE: we are right, BTC broke out the triangle and rise up. Buy BTC now??? No No No.
We will wait for BTC retest and buy it as the chart below
CAKEUSDT, Possible tasty long!Looks like CAKEUSDT is at a nice point for a long entry!
Timeframe - h12
I have labeled in red the biggest spikes on the VPVR indicator. The POC is $27.201.
We are currently about 53% away from the POC, and about 108% away from the highest VPVR spike.
Stochastics have room to rise
We are re-entering my EMA band right around the .236 fib level.
I generally use fib levels to help make my entry/TP/exit points.
Don't forget to take profit! Pay yourself!
I love you all,
Sangbagner
🔥 CAKE Triangle Break OutCAKE has been trading inside this triangle since the massive sell-off two weeks ago. With BTC appearing bullish in the near term, a lot of cryptos will copy the bullish trend.
CAKE has seen a short period of consolidation at the resistance of the triangle, whilst it's currently well on its way of breaking out of it with confidence. Mid term target would be the $25 area, assuming BTC will remain bullish.
Happy trading!
CAKEUSDTHello to you all. Mars Signals team wishes you high profits at all times.
The price was able to get out of its channel and start moving upwards. If it can not break the resistance in front of it, it can be supported until the green line, and if it breaks the resistance, it can have a good jump, and also the pattern of the head and shoulders of the floor can be seen.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
