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CAKE / TetherUS PERPETUAL CONTRACT

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CAKEUSDT.P trade ideas

CAKEUSDT: Hidden Bullish Divergence, Will Reach 4.800 again?Hello, Fellow Pancake Swap Trader and Investor! Price Action Analysis CAKEUSDT is breaking out of the symmetrical triangle pattern. Moving above the EMA90 still moves in a bullish continuation trend. The MACD Indicator made a hidden bullish divergence, signifying a possible bullish upside movement to the target area. Other Technical Drives and Fundamental Drives a. U.S. Dollar Bearish Bias Still Prevails! b. Slower pace of Interest Rate Hike in the future All other explanations are presented on the chart. The roadmap will be invalid after reaching the target/support area. "Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the CAKEUSDT" *Support the channel by smashing the like button and follow for more content!"
Long
by financialfreedomgoals101
4
CAKEUSDT - Trade setup: Bake the cakeGreetings! I am looking to enter a nice 1:4 RR sell setup for CAKE that has some good potential ahead. So, as you can see on my chart, we broke an important level on the 4H TF and afterwards we started to drop. That move was a price manipulation to get some sellers out of the game. After this 4H bearish wave the price started to pullback and it looks like it is preparing for another drop. My TP areas will be around the 1H demand zones highlighted on the chart. Trade details: Entry: 3.922 SL: 4.035 TP1: 3.469 TP2: 3.320 RR: 1:4/1:5 Risk: 1% account balance Trade with care. NFA
Short
by AAlex91
CAKE reacted positively to the supportCAKE reacted positively to the support of the range of $3.56 to $3.63 and continued to move upwards again. In the daily timeframe, a higher ceiling has been recorded than the ceiling of the previous downward wave, indicating the medium-term conditions are bullish. Therefore, there is still a possibility of retesting the resistance and breaking the resistance in pullbacks. Of course, the negative reaction to the candle yesterday can indicate that the price trend this week and in the 4-hour time frame can turn into a range mode. So the previous floor at the $3.56 -$3.63 support limit can be retested, forming a large range zone. Also, after the top of the main descending channel is broken, we expect a pullback to the top of the broken channel. The main resistance of CAKE is also considered in the range of $5.20, which can be associated with a strong negative reaction.
by MonoCoinSignal
3
CAKEUSDT...are you ready from some baking lessons?BINANCE:CAKEUSDT so here we go...we have a lot of opportunities today, but this one i think will make you a ZILLIONAIRE (i hope not). ……..…../´¯/)………… (\¯`\ …………/….//……….. …\\….\ ………../….//………… ….\\….\ …../´¯/…./´¯\………../¯ `\….\¯`\ .././…/…./…./.|_……_| .\….\….\…\.\.. (.(….(….(…./.)..)..(..(. \….)….)….)… ) .\…………….\/…/….\. ..\/……………./ ..\…………….. /……..\……………..…/ ….\…………..(…………)……………./ #STOP_BEING_POOR
Long
by meez_PremiumNOT
2
CAKE: Falling Wedge BreakoutPancakeSwap (CAKE) technical analysis: Trade setup : Bullish breakout from a Falling Wedge pattern, which could signal a trend reversal and upside potential to $4.00 resistance and 200-day moving average. Patterns : Falling Wedge It usually forms after a downtrend and suggests a potential bullish reversal in the original downtrend. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). Support and Resistance : Nearest Support Zone is $3.00. The nearest Resistance Zone is $4.00.
Long
by altFINS