Get started

CAKE / TetherUS

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Markets

CAKEUSDT trade ideas

CAKE Hello traders 🐺 . In this idea I want to update my previous idea about the cake so this is short and quick update for the CAKE if you are looking for a compete analysis for CAKE you can check my previous idea about the CAKE ( link in the related ideas down blow this idea ) . In the daily chart you can see that the price after breaking the descending channel reverse the bearish trend and CAKE price experienced a bullish impulse , but after testing the weekly resistance ( red box ) price started to retracement to the last area of the resistance which now turning into a support ( blue daily support ) , also we can see that 0.618 Fibonacci level is in alignment with the daily support and also price is above the EMA Ribbon so in my opinion there is strong chance for see another bullish impulse and the next price target could be around 13.5$ .
by Kiu_Coin
3
CAKE, the trendline BREAKOUT! Is PUMP still possible?PancakeSwap(CAKE) broke the trend line and tested it as support. This shows the strength of the buyer, but at the same time the volume has not increased. So, a local dump with a false breakout is possible, after which it is ok to open a long position with a profit risk of 1:5 or more! Large volumes in the fall of the price show that someone has accumulated a position, therefore a local PUMP is possible. Targets: 1. $9,20-9,40 2. $9,75-10 Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
by Yuriy_Bishko
4