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CAKEUSDT trade ideas

CAKEUSD Short term break out at $1.601 - Fast profit of 3%After a lot of time I was interested to see the CAKEUSD pair and see what is going on there. As it is normal, NASDAQ:CAKE follows the same pattern as CRYPTOCAP:BNB does due to the recent news and all the turbulance that exist in all the crypto market and more specifically to BSC ecosystem. It is very interesting however to examine CAKEUSDT chart and see the potential profits that can provide to us. Right now, NASDAQ:CAKE moves around $1.558 which is on the low boarder of this graphic - the support. In the hourly chart this might tought the price of 1.57 and then hit the resistance of $1.601. SL is the price of $1.544 where a new analysis of the chart will be needed there. Let me know your opinion on NASDAQ:CAKE charts!! COMMENT BELLOW! Happy gains to all!
Long
by logicrypto
🔥 CAKE Is Done Dumping? Amazing Risk-Reward Bounce PlayOver the last few months I've made several CAKE analyses where I discussed the massive dump that this token was experiencing. Like mentioned before, I think that CAKE as an asset is dead, but that doesn't mean it can't offer good trading opportunities. This trade is based on the assumption that CAKE will reverse sharply after the crazy April & May dump. I'm fairly certain that CAKE will never see a new all-time high again, but a 2x from here is certainly in the cards, especially with a bullish Bitcoin. I'm waiting for CAKE to close above the most recent high of 1.67, stop below the swing lows and a target of 3.50, roughly where the dump started.
Long
by FieryTrading
12
CAKE/USDT - CakeDAO: BBand_Breakout◳◱ A Bollinger Band breakout has been identified on the NASDAQ:CAKE / CRYPTOCAP:USDT chart. The price has moved outside of the upper Bollinger Band, indicating a potential bullish trend. The next resistance key levels are located at 1.47 | 1.538 | 1.69, and the major support zones can be found at 1.318 | 1.234 | 1.082. Consider buying at the current price zone of 1.462 and targeting higher levels.BBand_Squeeze ◰◲ General info : ▣ Name: CakeDAO ▣ Rank: None ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Poloniex, Mexc ▣ Category/Sector: N/A ▣ Overview: CakeDAO project overview is currently unavailable. I'll try to update this in the upcoming analysis. ◰◲ Technical Metrics : ▣ Mrkt Price: 1.462 ₮ ▣ 24HVol: 8,569,931.380 ₮ ▣ 24H Chng: 3.03% ▣ 7-Days Chng: N/A ▣ 1-Month Chng: N/A ▣ 3-Months Chng: N/A ◲◰ Pivot Points - Levels : ◥ Resistance: 1.47 | 1.538 | 1.69 ◢ Support: 1.318 | 1.234 | 1.082 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: N/A ▣ Last 90D: N/A ▣ Last 1-Y: N/A ▣ Last 3-Y: N/A ◲◰ Volatility : ▣ Last 30D: N/A ▣ Last 90D: N/A ▣ Last 1-Y: N/A ▣ Last 3-Y: N/A ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.67 - Bullish ▣ Reddit sentiment score is 0.42 - Bearish ▣ In-depth CAKEUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
CAKE Bull Patience will Pay Off Potential is $2 upto $5 BreakoutCAKE has reached a support level that indicates accumulation, but it requires patience for the price to reach $2. Although CAKE experienced a breakout two days ago within a smaller range, it has undergone a retest of this breakout. To take advantage of potential pullbacks and enter the market, it is recommended to buy incrementally. The price needs to break the smaller box, as indicated by MT Pandora's Box, in order for the price to move. The bulls are currently preparing to overcome the resistance range at 1.48. If successful, the subsequent targets of 2 and potentially even 5 to 9 could be achieved, depending on the strength exhibited by these buyers. Currently, they are rebounding from the weekly support level of $1.3. It is advisable to exit any position below this level. I will be constantly updating this post, so I encourage you to come back and check for updates. It's still a great opportunity to buy before it's too late. If you agree with this idea, please follow and click the "like" icon under this post. If you disagree, please comment below stating your reasons. 📈 🚨 #FREE MT BNB LONG TRADE SIGNAL 🚨📈 👉 🧿 ASSET: NASDAQ:CAKE (CAKE/USDT) 👉 🧿 ACTION: LONG 👉 🧿1st ENTRY PRICE: $1.352, 2nd Entry ; 1.388, 3rd Entry ;1.415 (Buy Incrementally) 👉 🧿 STOP LOSS: $1.292(Risky Stop $1.31) 👉 🧿 1st TAKE PROFIT: $2 2nd TP: $4.3 3rd TP: $5(Extended $0.8.4 And 10.84) Remember to trade responsibly and always do your own research. Happy trading! 📈🚨
Long
by MachiavelliTrader
🔥 CAKE Reversing From Massive Resistance: Great Risk-RewardOver the last few weeks I've made several bearish analyses on CAKE. This downwards spiral started mostly because of the April vote which investors hated. As far as I'm concerned, CAKE will only fall further. Apart from the terrible tokenomics, the rest of crypto is looking more bearish than bullish as well. We're placing the stop above the most recent highs, around 1.43, which is also the area where the resistance was last hit. Target at 1.00 since it's a big round number.
Short
by FieryTrading
5
🔥 CAKE = 💀Last month I made an analysis on CAKE and the fact that it was selling off severely. My 2.50 support was the last hope for the bulls, which inevitably failed. Fast forward to today, and we're trading at 1.50, a truly abysmal feat. Short-sellers are happy, stakers and investors are either exiting in droves or seeing their funds evaporate. I think that there's little hope for CAKE to ever recover from this. Unless they make some drastic changes to the tokenomics of this token, I don't see it ever taking off again. Keep in mind that this is normal for a lot of tokens. The good ones survive the bear market, the bad ones die. We might see some kind of pump occurring over the next year, but I'd be surprised if this token will go above 3.00 ever again.
Short
by FieryTrading
9
CAKE Bottom Is InThere has been an incredible dump of CAKE over the past month, and I believe the bottom is in after printing an ATL at $1.77. There have been eight consecutive candles near the ATL along with massive burns of the token since the dump started. I've marked fib channels showing the way back up, but I don't think the red .236 line will present much of a challenge. With trading bottoming out around $1.80, I'm thinking the Bollinger Bands will form a brief period of consolidation in the near future, followed by a move up to challenge the orange .382 fib line. From personal experience, trading into large gaps on the daily 200MA has been profitable. The candles always return to the mean whether you're long or short into the trade. This dump is like taking a mirror to the pump of 2021 only in reverse. Currently there is a huge distance between the candles and 200MA, which on a daily chart it takes quite some time for it to sink. Short term trades could exit at the .382 / $3.11. But if we consider that CAKE has previously traded over $40 and it is a yield bearing asset, there is an opportunity to ride this trade up for much longer than a quick 68% return. Fundamentally, people who have either won or lost on meme coins will look to pivot towards utility based tokens. CAKE is the native token of pancakeswap which is a top 5 DAPP across all chains in terms of unique active wallets, with billions in TVL. It will be attractive to this cycle's noobs who came in for PEPE or WOJAK...for more reasons than one. Good luck, NFA
Long
by ChartswithChip
1
$Cake Harmonic Pattern - ButterflyIt is a CAKE coin that has been lockup and dump for a year. It shows a butterfly pattern and is a good buying spot with a B-D projection of 1.902 / X-D projection of 1.272. I think we can look at the price reaction from the 1.236 spot and we should see the reaction around 1.272. (1.66$) It is definitely a super strong trend decline, so it looks better to buy market long or spot after seeing the price reaction than buying perpetual futures through buy limit.
Long
by Ktw3389
1