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
CAKEUSDT.P trade ideas
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.
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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!
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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 $10+
cake looking goodCake looking good here
has made a nice move since i called the bottom on my last chart
i hope you got in on it
CAKEUSDT LONGS 💰💰💰💰 Expecting bullish price action on CAKEUSD as price shifted the structure from bearish into bullish making a BOS (break of strucutre) move, i think for now we will see a retracement move then the price will go higher to fill the BIG BEARISH IMBALANCES aka price inefficienies around 10.23
What do you think ? Comment below..
very Good time for cake is on the way just started...green candles are now breaking the downward trendline and time to accumulate cake ..this is not financial advice just educational post .
cake has also good news as well
CAKEUSDT - Daily Technical AnalysisSupport area 6.13
First area resistance: 10$
Second area resistance: 20$
Last area resistance: 44$~66$
below 6$ = fail idea
CAKE buy time ? 🤔🐺Hello traders 🐺 .
in this idea I want to talk about the pancake swap token (CAKE) , and in my opinion this is a very good buy opportunity for the CAKE holders , also if you looking for the staking the CAKE token , this could be a great opportunity for you , because currently CAKE is undervalue and if this coin trend reverse from bearish to the bullish , current price could be a very great buy opportunity .
Let's talk about the CAKE possible bottom :
in the chart above you can see in the overall view , CAKE was formed a very big M pattern or in the other word double top pattern , and after breaking the neck line which is also the weekly structure (red box) , price was dropped about 45% and reach the M pattern target which is shown by the 0.618 Fibonacci level .
in the other side we have a very clear descending channel which is currently CAKE is trading inside it and in my opinion you can make fantastic gain after break the channel .
RSI :
In the RSI we have a bullish divergence , which in my opinion could be the first sign of the trend reversal , and if price success to break the channel we could say that this is the confirmation of this bullish divergence .
TSI :
TSI is about to break above the zero line and if we put all of this information together , we can conclude that trend reversal is very imminent for the CAKE but always wait for the last confirmation and trade safely , but
how we can trade it ?
As you can see , CAKE is near to the daily resistance structure and the EMA Ribbon resistance lines , I expect something like a above picture for the CAKE and I like to wait for the break out from the daily resistance and also break above the EMA Ribbon and retest them as a new support for opening a long position on CAKE .
But always remember to trade based on your trading strategy and this idea is not a financial advice
CAKEUSDT Analysis(March 23)My expectation is the current price will make a breakout at Supply zone 6.77, If the price breakout is valid then the supply zone will become a swap zone/Demand zone.
Disclaimers:-
I AM NOT A FINANCIAL ADVISOR,EVERYTHING I SHARE IS JUST MY OPINION.
CAKEUSDT This route can be happenHello everyone
Cake is one of the most powerful token of defi exchange that can be have a campaign with Dydx in future
According to the chart and to the trend of market , you can see the market is moving to have some correction and need to recovery itself then its ready to continue the route as the trend wanna go .
This route that we can drwan on chart it can be the movement of the price to re-test again the support zone in the bottom (Blue box) and until the price is not broken the second key point level the trend is moving in downward and when this key point is broken the trend can be change to the upward.
If you wanna take position and buy or sell, check the chart with your own analysis and use your own strategy
Previous analysis :
Good Luck
Abtin
cakeusdt long positionPancake Swap has come to this day due to its stupid policies because this amount of tokens with this high profit of steak tanks has really increased the $ 40 currency to $ 6, but it seems that it is reforming its policy and reducing the profit of steak tanks. Has created the futures trading section inside an exchange office and it also burns tokens on a monthly basis. This can be a good entry point.
