CAKEUSDT up trend channel ! As the recent correction end it made higher low Pivot and now put the price in an uptrend channel !
hope see Moon Cake !
CAKEUSDT trade ideas
CAKE BULLISHMarket just finished 1-5 Elliot wave bearish and broke out of an downtrend, going up it created high volume institutional candle, we are forecasting to see a pump up retrace to our institutional candle and rise to 15.80 zone.
Entry: 9.94 (After retrace)
Invalidation: 8.73 (recent HL below buy zone)
Target: 15.80
R/R Ratio: 4.84
Whatever happened to CAKE?Whatever happened to $CAKE? it seems to have lost it's icing. Been in a constant downtrend since August 2021, current daily candle could close as an inverted hammer depending on what happens with BTC, which is quite bearish and get a rejection from the resistance. Reclaiming the area where the order block is at and flipping it would signal a bullish reversal, adding an alert on this one would love to see what happens to it.
CAKEUSDT is testing the resistanceThe price had a breakout from the daily dynamic resistance and now is trying to have a breakout from the static resistance.
On the 4h timeframe the price is below a supply zone on 7$.
How to approach?
The price needs to create a new bullish impulse and breakout from 7$ and retest that area as new support. According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
CakeLook at the chart and the channel. Everything depends on the btc and btc has strong supports. 43k, 37.5k. I feel the start of the Alt season is near.
POSSIBLE BREAKOUT , REVERSAL UPTREND ?
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
- $CAKE is on the verge of breakout on the channel's high.
Currently it's moving on the 1D time frame chart into a descending channel and after the break-out, It'll be able to climb up to the higher S/R 9.4$ - 10.5$ - 12.80$ respectively.
- But it's better to wait for a proper hold above 9.0$ to take Long on it, meanwhile we can notice the spike in volume where buyers pushed the price upper protecting level of support 5.3$ as i suggest that buyers are shifting their money
into CAKE making it likely that the existing trend is about to reverse direction after the sellers have failed to make a new lower low.
- Be aware that we have the possibility of reversal on $BTC at $49500's resistance.
Hope you enjoyed the content I created,
Have a good day Traders!
Add CAKE to your watchlist !hey everybody hope you're doing well .
just wanted to give you an overall idea of what's going on with CAKEUSDT . It might the beginning of a new HUGE uptrend .
NOTE: Trade on your own .
CAKE COIN - Update ✅CAKE rejected the 5.50 - 6.00 price area as we expected in the previous analysis, from a technial perspective we are from there in a bullish market strucutre. Price shifted the strucutre from bullish into bearish somewhere around 7.0$ where it broker above the last high with a huge momentum. The long-term targets for CAKE are around 11.50 where we have a bullish imbalance. This should happen in the future, but i will wait for a retracement somewhere around 7.50 / w1 imbalance and then enter LONG TRADES from there
What do you think ? Comment below..
CAKE / USDTNow cake in TIME FRAME 4H is in this pattern
just keep eye on it to make it short or long
I do trading based on patterns so I hope you guys know how to set up your trades target and stop loss
GOOD LUCK GUYS
THIS IS NOT FINANCIAL ADVICE IT'S JUST MY PERSONAL OPINION
DO NOT FORGET TO USE STOP LOSS
Cake first target hitCake looking good since i called the bottom on my previous chart
hopefully you got in on my previous chart and enjoying the ride
CAKE/USDT Pancake swap token technical analysisCurrently CAKSE/USDT is heavily undervalued in my opinion and it is currently test marketing at its current level, if breaks out thats a perfect time to buy if it drops down to bottom support that would be even better to make more profits!!!
White line = current support
Red line = current resistance
Yellow line = future resistance
Orange line = future strong resistance
Cyan line = future resistance
Green line = top resistance
Not financial advice do your own research i just post trades that i do myself!!!
BINANCE:CAKEUSDT
Bottom start to buy nowCake reached the bottom, it is a coin that at this level is worthed buy and keep since It gives you good returns on staking as well.
The first target is on the chart but it will go higher.
$CAKE Price RoadPANCAKESWAP TOKEN
1- SHORT to 6.92$
2- LONG to 10$
3- SHORT to 8.53$
4- LONG to12.2$
5- SHORT to 10$
6- LONG to 13.5$
CAKEUSDT Analysis (LOCAL VISION)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Entry: market and lower
Target: 8.5 and 9.9
after first target reached move ur stop to breakeven
Stop: 5.9 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 2.5
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
Cake predictionAs i see from the graph, The bullish pattern unfolded and it turned out to be going up
CAKEUSDT Analysis March 30, 2022We've become Bullish again on PancakeSwap, CAKE after saving you over 70% with the SELL signals in September, 2021. The three BUY signals fired on Thursday March 17, 2022 and CAKE is looking mighty fine! The Horizontal Resisitance Line at ($6.80) is broken, the Daily Downtrend Line was broken, and we are moving in on the ($9.35) Resistance and Weekly Downtrend Lines. We placed a 50% BUY with these BUY signals and a 20% BUY when the Downtrend was broken. We can expect to Double our money in the $13.00 to $15.00 range but will take some profit in that $9.50 - $10.00 range. Not Financial Advice...Trade with Confidence and Control.
CAKEUSD might initiate a false breakoutCAKEUSD was pumped recently following the overall strength of BTC and other cryptos. However, in a context of a massive downtrend, which preceded this action, it would rather create a false breakout and slide back to the range. It might open an interesting opportunity for a counter-trend trade.
Cake breakout ideaCake been into bear market for a ling time.
Waiting to break this triangle.
Volume is coming
Entry only after breakout and retest
CAKE : Long ideaCAKE is testing the downtrend line and the red resistance box in the Daily timeframe. If price fixes above the downtrend line and the red box, We may see a good uptrend in #Cake
📈 CAKE Bullish 🚀Cake is breaking out of its downtrend that it has been in for a very long time.
Once we break through the orange line of resistance we should see $10+
cake looking goodCake looking good here
has made a nice move since i called the bottom on my last chart
i hope you got in on it
