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CAKE / TetherUS

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CAKEUSDT trade ideas

🔥 CAKE Dying Slow And Painfully: Reversal When?CAKE was one of the major winners of the early 2021 bull-cycle, where it became very popular for it's staking and farming capabilities. However, with CAKE being an inflationary token, it means that CAKE is under constant selling pressure from investors who sell their staking rewards. When looking at the chart, you can see that there's little to be excited about. CAKE is falling and there's no reason to believe that we're going to reverse shortly. If anything, I wouldn't be surprised if CAKE will trade below $1 before the end of the year. So, when can we get excited? Simple, a bullish move above the dotted purple resistance. Only then I'd be looking for bullish entries. Till then, bears are happy and shorting remains a valid strategy.
by FieryTrading
16
CAKE/USDT small breakoutHey Colleagues, We are back to CAKE/USDT. The time came where small breakout of the CAKE coin happened. There are two scenarios for this coin but both would have same outcome: 1) We will have full breakout from that triangle form at $3.12 and we will move straight to $4.20 2) We will move to $2.53 where we should bounce right back up. If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Long
by SwallowAcademy
5
Pancake Analysis ,CAKE/USDT Update 📈📉HEY, what's going on Guys ?! Since Dec 15, 2021, that I posted the last analysis for Pancake it has failed to rise again , actually after losing the support zone and hitting my SL ,it has been declining up until now . but today as you can see on the weekly timeframe for cakeusdt, after a massive crash and reaching current support zone stopped and now I think it want to attack pivot zone so then may fall again , but if it be able to take over this zone then breakout the descending trendline , so then after a nice pullback then it can reach the higher red resistance zone . but if it loses the current support zone so then it can even see lower support levels. ✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE! -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion ,not a financial advice ,so do your own research. 💜 if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
by PRO_SMART_Trader
CAKEUSDT | Wave Projection | Ending Diagonal Breakout / Fakeout?Price action and chart pattern trading > Elliott Wave downtrend projection with an ending diagonal pattern - possible breakout with one more final downtrend wave C minor > Potential reversal @ SMA50 breakout of local trend correction wave and confirmed trend reversal once breakout of Elliott channel of global trend > Indicator: MACD bullish divergence signal > Target Price @sma200 @Always trade with affordable risk and respect your stoploss
by dukeposh
CAKE /USDT a comprehensive analysis with stops and targets! Hello dear friends, Here is an analysis of Cake on the 10 hour chart. Cake is in a clear downtrend and has broken out downward from the Red/Green triangle. Afterwards, a symmetrical triangle (orange) formed and broke out downward from there as well. We may see a rebounce to resistance 1, 2 or 3. A stoploss in that case is always just below the support (green) or a little wider below the resistances if the price rises above them. This is clearly a rebounce in a downtrend. So it is more dangerous to go LONG. The targets for the longer term are 9.86, 8.45 and 7.22. Below 7.22 we can see a very sharp decline. See also my previous analysis of Bitcoin because that is the leader and the rest follow. Also the world situation does not challenge me to go LONG but we just do what the charts dictate. The ALTS are the one which will get hit the most in a heavy downtrend. Putting stops is good but best to wait for the daily candle because often the price goes much lower intraday to stop traders out. Best of luck with trading or on the sidelines! Disclaimer This is my view, no advice to buy or sell. Also always do your own research! --->> Dear friends please follow me for updates and give me support with a like 👍 if you like me to continue this work. Thanks 💚
by PegasusTechCharts
24
CAKE - Explosive Move Coming! 🎂CAKE is one of the cleanest and easiest charts to read. We have a simple ABC correction and we're currently on the last bearish wave of C. We are now waiting for the first bullish candle to appear, at which point we'll know we've hit the floor. On lower timeframe we can look for reversal price action to confirm the floor. Trade Idea: - Watch for the final leg to complete. This can be done by looking for bullish price action such as trendline breaks, BOS, RSI oversold etc. - Once bullish price action appears and meets your criteria for reversal, enter with stops below the recent lows - Targets: 17, 26, long term target 40 Will update this chart once we've hit the aforementioned floor. Goodluck!
by WicktatorFX
12