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CAKE / TetherUS

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CAKEUSDT trade ideas

CAKECake, after a month rising, ended up forming into a flag. He had his premature breakout on the 7th, showing a Bull Trap, a long trap. Demonstrating that bulls were not so hot. The funny thing is that I just realized that we still have a Trench (rectangle or accumulation) call it what you like. The important thing about this is that we have two important factors to consider: 1. Bull trap 2. rectangle If Cake breaks this rectangle it will have a currency devaluation of almost 18% or more, it will all depend on whether it holds straight support or not. Time to get smart with this coin!!
by DuhNT
3
BUY BACK OPTION ON CAKEUSDTDid you miss the first buy opportunity on CAKEUSDT? If your answer to this question is Yes, then you are not yet missing out. This analysis on CAKEUSD T shows that you can still acquire yourself some cake and make profit. What do we have? We have very interesting price action. - Market broke out the symmetric triangle - Break of structure - The end of a complete retrace - And also we have the W pattern. After a W pattern, we expect the market to retrace back to the neckline and continue the move the upside, thus completing the impulse correction impulse (basic market concept). It is also interesting to not, that the demand area that was found by the market, is in confluence with the 61.8% of the Fib, which is considered by some traders as being the golden ration of trading. So if you missed the first buy (Orange Zone), you can still buy once more or add the cake to your bag in view of making some profit on the coin. N.B: Make sure that you make good use of money and risk management beause of the volatility of the crypto currency market. This is not a financial advice. make sure to do you own research if possible.
Long
by PrimeTradeX
3
CAKEUSDT Daily TimeframeCAKEUSDT Daily Timeframe #Pancakeswap project #Cake has performed a beautiful Cup and handle. Breaking successfully above the resistance area could generate approximately 100% profit. Have in mind this TA is based on daily Analysis, therefore it might take longer to take place. This is my personal opinion and please do your own analysis before taking any position and enter any position only after assuming you as the responsible person. Trade at your own risk!
Long
by samhark
2
🐺CAKE is on the decision zone🐺Hello traders 🐺 before talk about the CAKE , I want to Congratulations to all @kiu_crypto followers ; because if you take some time and look at to all of my ideas up to now , you can realize that 35/59 of my idea already in profit , which means about 60% of my ideas hit their target and 40% of them already is at breakeven point or a little bit in loss . 🚀🐺 let's talk about cake : if you look at the RSI you can see very clear bullish divergence , and also in the chart CAKE price formed W pattern which is a very good sign for the CAKE , because already CAKE is on the daily support structure ( blue box ) . this is a quick update about the CAKE because already i have an idea about CAKE which was published before , so of you are interested in CAKE make sure that read my previous idea about CAKE .
Long
by Kiu_Coin
CAKE has high potential to grow, just buy if...!Hi dear followers, CAKE token is undervalued in my idea and there is a big move ahead for this token. At the moments this token is completely in a downtrend as u can see, There is possibility for more falling before going up. Where is the best place to buy? If you want to buy this coin, The most important thing is to wait for breaking up the downtrend trend line. Buy after breakout and re-test. ATH is easily in access for this coin and until end of the year.
by TahaZargar
4
please take this opportunityI am not an expert analyst and there are not very analytical indicators in the chart, but the best trend you will see in your life is broken (in both daily and 4h periods, the retest after the breakout worked in millimeters), I keep a cake of about 1k dollars to earn interest. I will not give any information about cake. An ongoing project that already has a project has been burned soon and many new projects have started to open. -17.30 levels act as support -The 20 level is a very annoying resistance, but if we break it - my goal is 30 dollars -It's my opinion, not investment advice. -my mothertounge is not english as you can see if ı has a mistake pls write it -pls comment my idea and my analyst for improve my self have good day
Long
by arhanhelvaci
2
CAKEUSDT POTENTIAL BULLISH REVERSAL TO REACH 33$ - 35$ Hello Traders, - Checking the 1D time frame we can see clearly the breakout from the descending channel happened around Nov 5 after a big pullback ( temporary price reversal ) started from end of August suggesting that sellers are taking control making lower highs but it seems that sellers has lost their momentum , price is consolidating between 17$ - 20$ levels. - Buyers are accumulating on 17$ - 18$ support zone , in order to have continuation for our uptrend bulls should push the price higher from there ( check Fib levels ) by taking over the last swing on 20.5$ , if buyers failed to take control price could fall towards 16$ support zone, then sellers will take control from there. - We need to see confirmation above 20.5$ making sure that bulls have steam to push higher , our daily candle should close above 20.5$ in order to confirm the reversal. -Until now CAKE is trading in bearish mode, waiting to break our last swing or else price action could keep on consolidating or going downwards even more. in my opinion entry positions : 16$ support zone 18$ support zone 20$ support zone Thank you, Good luck!
Long
by Johnny_a88