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CAKE / TetherUS PERPETUAL CONTRACT

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CAKEUSDT.P trade ideas

CAKE has broken its weekly MA100 that is a strong bullish signalPancakeSwap ( BINANCE:CAKEUSDT ) has broken above its weekly moving average 100 that is a strong bullish signal. We are hours away from the confirmation of this signal when this weeks candle closes above the weekly MA100. Later on, after a possible pull back to the moving average it will continue its way toward much higher price targets as the way above is very much clear. Only if you try to leverage the ichimoku indicator you would notice that there is a small resistance caused by the lagging span which is right now below the red massive weekly cloud. As soon as the lagging span is freed on the weekly BINANCE:CAKEUSDT is on a parabolical journey towards its all time highs. We are talking about at least 12x profit from here if you consider buying and holding for a longer time when it reaches its previous all time highs. Of course, it can potentially even go higher than that. So keep an eye on the BINANCE:CAKEUSDT in the upcoming week and wait for the confirmations to get into the trade. Good luck.
Long
by KryptoSpecter
9
$CAKE* Cake is sitting on weekly support. * Possibility of cup & handle formation 1d: Bullish trend strength: 21 MA7 > MA25 > MA99 MA50 > MA100 > MA200 Supertrend is long Price > MA50 Chikou Span > Price Bearish reversal potential: 15 MACD Bearish Cross DI+/ DI- Bearish Cross Bearish Engulfing 3D: Bullish trend strength: 32 MA7 > MA25 > MA99 Supertrend is long Price > MA7 Price > Tenkan Sen Price > Kijun Sen > Kumo Chikou Span > Price MACD > 0 Bearish reversal potential: 1 StochRSI Overbought
Long
by TraderASY
2
$CAKE has 2 ways to breakout#CAKE has two options in my opinion: Scenario A: - the volume increases and on a daily timeframe we can see a possible breakout of the first resistance. So far the support is holding. Scenario B: - if the volume decreases we can see a possible retrace but soon it will be possible to re-try and finally break the resistance. IMO the scenario A is more what will happen. In both of the cases, buckle up! NASDAQ:CAKE can easily reach the old time high, other folks are saying it can even reach $100 in this bull run. Do always your diligence and take profit along the way. My strategy is to take 25% to all my targets, for instance: - take 25% profit when it reaches 10$ - 25% when it reaches $20 - 25% if it reaches $40 - the rest will ride until I think it's the ATH
Long
by Leandro_P
CAKE can go to the bottom of the rectangleCAKE can go to the bottom of the rectangle again before it continues to to up 🔵Entry Zone 3.021 - 3.128 🔴SL 2.6264 🟢TP1 3.3490 🟢TP2 3.6706 🟢TP3 4.5688 Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments.
Long
by JosephMcKenzie
🎂💹 CAKE Trading Strategy - Laddering Within Support Zone! 🚀📊🔍 Strategy Overview: Condition: Testing the $3.00 - $3.15 support area. Entry Criteria: Ladder entry within the support zone. Targets: Aim for the next resistance levels at $3.45 or $3.65 - $3.80. Risk Management: Set stop-loss just below $2.80. 📢 Analysis: Utilizing laddering within a strong support zone provides flexibility. Keep an eye on market dynamics and adapt as needed. 🌐🚀 #CAKE #CryptoTrading #RiskManagement 💰📈
Long
by Richtv_official
CAKE/USDT | 1W 👀Currently, the coin maintains a stable downward trend. Cake is the native token of the PancakeSwap decentralized exchange. The coin is well-suited for swaps and for addressing tasks within the exchange ecosystem. - Not financial advice, trade with caution. #Crypto #PancakeSwap #Investment #CAKE ✅ Stay updated on market news and developments that may influence the price of PancakeSwap. Positive or negative news can significantly impact the cryptocurrency's value. ✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility. ✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking. #Crypto #PancakeSwap #Investment #CAKE
by Nyskohuz
1