CAKE/USDT ready for 20% runSummary:
1. CAKE seems to have bottomed out.
2. The next leg up may see a 20% jump to the Fib lines of the Pitchfork.
Chart: Daily w/ Log Scale
CAKEUSDT.P trade ideas
CAKEUSDT - HOVERING AROUND A SUPPORT ZONE!CAKEUSDT After dropping from the 26.00 level it has already broken the support area around 17-18, becoming a resistance area. Now it has been bouncing from a Support zone where the Trendline support also lies. If bulls successfully pull the price above 14.00 then they can target 17.00 followed by 20. On the other side If that support zone will be broken, then we can see a selling pressure towards 10.00 followed by 8.00. Good Luck!
CAKE Bull FlagBINANCE:CAKEUSDT
Everybody wants to kill me because Cake price fell hard. Many throwing in the towel at the worst possible moment.
However, what I see is a big Bull Flag Pattern, which should lead to higher prices when it finally breaks to the upside. To do that, we need to go above $19 USDT. If we do, the minimum price target would be $34 USDT. A target that I expect will be meet before year end.
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Critical support would be $14 USDT.
We had increased volume in the last 3 days, which is good, as it could signal the final liquidation and price bottom.
Also, the RSI indicator is deeply oversold, which could also signal a bottom.
I hope you find this interesting and good luck to you
CAKEUSDT downtrend breakout Trend breakout at 4h closing.
Entry point : 13,52
TP1: 14,48
TP2: 15,75
TP3: 18,52
Use stop-loss and DYOR. Not financial advice.
CAKEUSDT in Buy Zone Area! [Low-risk Setup]Good day, TradingView fellows!
I believe $CAKE is testing its support recently. The good buy zone is at $9 to $13. I am anticipating it will hit $18 in the short-term, $24 in the medium-term and $39 in the long-term. This analysis is suitable for swing traders and long-term traders.
Entry: $9 - $13
TP 1: $18
TP 2: $24
TP 3: $39
The idea published is not a financial advice. The content of this idea is solely the opinion of me who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. This does not guarantee any particular outcome. Always DYOR (Do Your Own Research) and trade at your own risk.
Let me know your insights in the comment section. Give this work a thumbs up if you appreciated my analysis. Smash that follow button for more upcoming low-risk setups! Thank you so much in advance.
Good luck,
Alexis
cakewe are either going to be in big trouble or see a huge bounce we see multiple trend taps on this angle trendline that lead into big rallies 11.23 is an area of interst for me however a descending triangle breakdown has a target of 9.43 nee to watch this support as we have one tapped it multiple times an ran up heavy once touching keep eyes on it for a large engulphing candle bounce off any key areas
$CAKE The best price for entry NOW! Entry Price : 12.5 - 13
TP : 17.3 , 18 , 20.5 , 21 , 23 , 26 , 44
SL: Under Strong Support Area
CAKEUSDT Analysis On Daily Hello Trader's
I am sharing my Analysis for Cake and I think you should wait for the price to come down and touch his support. it good for buy/long..
thanks for your support.
CakeUsdt is on sale.Cake is on sale, Buy it before it explodes.
White is an entry and Greens are take profit targets.
All targets are based on proper TA. No SL suggested.
NFA , Do your own research.
ENTRY (STEP 1) ON CAKE...!I had an entry on the highlighted area and guess is great ideal! Going forward to seeing what BTC will be doing...
Cake/USDT Very good Point for fresh entry ( 250% potential )#CAKE/USDT TA update :-
$Cake currently trading at $12.90
At this time price trading at Very very strong Support .
New Entry:- $12-$13
Targets :- $20/$25/$44/$100
Stop Loss:- If any Daily candle close below $11
Support :- $12.50
Resistance :- $17
Cake is in king's hands!correlation of cake and bnb with btc is major thing here. so their future is in king's hands. if btc goes bearish cake target is 10.9 but if btc recover and goes bullish cake target is 16. i think btc bearish movement is a stronger scenario beacuse if you watch btc monthly timeframe then this is a time for some correction! we have to wait and if we see a green candle for btc then cake is gonna rise. i think now cake price is still good for cake holders and stakers.
An advice to buy CAKEThe Cake is based on major support. I recommend buying one step here. This advice is for medium-term holders.
CAKEUSDT-SHORTThere is a short position in CAKEUSDT
Futures
🔴Short Now or set on Key Level 14.60
🟢Target 1 12.50
🟢Target 2 10.50
❌Stop loss 15.50
#K_Level
CAKE/USDT TF DAILY UPDATES (SPOT)Cake fall in latest candle for like -10%. We hope we will see reversal candle from now on. cake touch its montlhy support. We are looking for pullback into $19-$20 as critical area for cake.
TIPS BEFORE BUY/LONG Cake
Aggresive traders :
-Cake touch its support
-Bullish RSI Divergence
Pro Traders :
-Cake touch its support
-Bullish RSI Divergence
-(Waiting for reversal candle+continuation
cakeusdtBuy cake Now. Don't miss this huge opportunity.
CURRENT PRICE 12.2
ENTRIES : 12.2 , 11.6
Targets : Mentioned On chart.
I am going 50% in cake
CAKEUSDT: ANOTHER SHORT OPPORTUNITY ON PANCAKE SWAP?Hello Enthusiast Coin Traders! Here's medium-term outlook for CAKEUSDT , Please give us the thumbs up and support the channel by Smashing the FOLLOW button :)
CAKEUSDT broke out of the Rising Wedge pattern. Rising Wedge Pattern indicates a potential bearish movement ahead. The MACD indicator is crossing down below the zero level, it signify the potential bearish bias ahead.
The roadmap will be invalid after exceeding the resistance/target area.
DISCLAIMER:
This is only an outlook, not a recommedation to buy or sell the cryptocurrency
cake going upCAKE/ USDT is going up, completing overall correction, wait for confirmation before entry
CAKEUSDT longHi all,
cake has bullish harmonic figures and also it seems price is very near to the support.
first i expect the price to move 16 16.5 area and after 17.5 18 area.
this is not a financial/investment advice.
CAKE - $17.4I've been on the fence after the shorts but now looking at a small play off this support for 15% with potential to run to the 50MA just over $18 for 20%.
There are a few ALTs that might be able to close a decent gap between the 50 MA - (UMA, SXP) while a few sit on top and might run for a short time (LTC, SOL). Reasonable entry are to manage risk.
B, HF
It's been a while since I longed CAKEUSD
Cake - Will double your moneyCAKE is in falling wedge and is ready to move up. Bullish Divergence on RSI will give a good pump soon. They are burning tokens and their TVL is ATH.
