CAKE - CAKEUSDT#CAKE $CAKE
#BTC $BTC
- BAT Pattern 🦇
- Daily Frame ⏳
#This is my technical opinion and not a recommendation to buy or sell
CAKEUSDT.PS trade ideas
CAKE/USDT: Still under bypass level at 5,10---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)-------
CAKE/USDT: Still under bypass level at 5,10
Context
- The Global Crypto market leads by BTC and ETH reversed up drawing a new bullish trend - However for CAKE the volume on CEX and DEX are decreasing within the bearish pressure on going.
- We are watching at 5,10 as resistance to re-integrate to provide a clear recovery signal
- Watch 3,15 as key Tactical support
Market configuration
- Graphical Elements :
Graphical Resistance = 8,20 & 5,10
Graphical Support = 3,15 & 2,50
- Mathematical Indicators:
EMA (Exp Moving averages) are resistance in flattening = Neutral
RSI indicator (below) is now above 50% in mixed configuration = Bullish / Neutral
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target (C) B has been already reached = 2,50
Fibonacci resistance of the wave in progress = 5,10
Fibonacci support of the wave (2) = 3,15
Fibonacci Bullish Target = 8,20
Conclusion
Preferred case => As long as 3,15 remains support we are looking to buy the dip in the buying area in order to test and then surpass 5,10, before opening a further rise towards the double bottom potential at 8,20
NOTE: It is important to consider the DEX Coin (CAKE, UNI, CURVE....) with the trading volume generated today. The bullish momentum can be reinforced only with a global positive outlook on crypto market which is not the case for now (September is more probable)
CAKEUSDTCAKEUSDT(08.21.2022 updated)
Wait until price touches the trend lines then look for signal bar and key bar /Breakout and pullback to recognize direction of price movement.
Money Management must be obeyed.
Open position without setting the proper stop loss (1% or 2% of total balance ) soon or late will cause to lose all your money ( call margin )
Majority of trades is done via computer trading (forex / cryptocurrency)
priority in analyzing charts:
1- Price Action
2- Market structure
3- Chart patterns
4- Candlestick patterns
5-Divergence
6-Indicators
short CAKE$CAKE is breaking through the support level after the ascending trendline was broken. Decline to support level at 3.69$ is likely to happen.
CAKEUSDTCAKEUSDT(08.14.2022 UPDATED)
Wait until price touches the trend lines then look for signal bar and key bar /Breakout and pullback to recognize direction of price movement.
Money Management must be obeyed.
Open position without setting the proper stop loss (1% or 2% of total balance ) soon or late will cause to lose all your money ( call margin )
Majority of trades is done via computer trading (forex / cryptocurrency)
priority in analyzing charts:
1- Price Action
2- Market structure
3- Chart patterns
4- Candlestick patterns
5-Divergence
6-Indicators
CAKE shortCAKE bounced off the descending trendline. Asset broke trough the ascending trendline. Bearish movement to support level at 4.085 is possible.
PancakeSwap Price Prediction Aug 2022PancakeSwap (CAKE) holds the 88th position on CoinGecko right now. CAKE price prediction 2022 is explained below with a weekly time frame.
The above chart of Pancake Swap (CAKE) laid out a Descending Channel pattern. Descending channel also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is the characteristic of a bearish market.
Currently, Pancake Swap (CAKE) is in the range of $4.554. If the pattern continues, the price of CAKE might reach the resistance levels of $4.152, $5.270, and $9.434. If the trend reverses, then the price of CAKE may fall to $3.967 and $2.412.
PancakeSwap (CAKE) Support and Resistance Levels
The chart below shows the support and resistance levels of PancakeSwap (CAKE).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of PancakeSwap (CAKE).
Resistance Level 1 $4.916
Resistance Level 2 $6.924
Resistance Level 3 $10.169
Support Level 1 $2.486
Support Level 2 $3.641
Comparison of CAKE with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and PancakeSwap (CAKE).
From the above chart, we can interpret ETH, BTC, and CAKE are moving in the opposite direction with respect to that of BTC and ETH. This indicates that when the price of BTC and ETH increase, the price of CAKE decreases. When the price of BTC and ETH decrease, the price of CAKE increases.
Happy Trading !
Cake/USDT Long📈Previous important support and resistance zones:
***r1: 4.277
***r2: 4.156
Conditions for Long:
1. Descending triangle breakout
2.trendline breakout
3.momentum indicator trendline breakout
4.support from previous resistance ***r1 zone
6.Money flow index turned green from red
7.volatility has increased
8.di+ is above the di-
9.adx line is above 20 level
Stoploss:
1.below the previous resistance zones of ***r1: 4.277
Take profit:
1.take profit is dynamic or trailing stop loss/take profit
2.need 9hr tf for multi-analysis potential reverse zone
Exit point:
1.will be updated later in the comments box only if anyone asks
CAKEUSDT | RISING WEDGECAKEUSDT has been trading in a rising wedge. The price action is currently trading near the upper boundary of wedge. As price has recently broken the horizontal resistance and it has sustained above it.
We are expecting a bullish breakout above the rising wedge.
The bulls need to break the upper boundary of wedge and price must sustained above it.
Manage your levels accordingly.
CAKEUSDT BAT FORMATIONBat
The Bat Pattern is a 5-point retracement structure that was discovered by Scott Carney in 2001. It has specific Fibonacci measurements for each point within its structure and it is important to note that D is not a point, but rather a zone in which price is likely to reverse, called the Potential Reversal Zone (PRZ). The B point retracement of the primary XA leg must be less than a 0.618, preferably a 0.50 or 0.382 and the PRZ consists of 3 converging harmonic levels: 1) 0.886 retracement of the primary XA leg, 2) extended AB=CD pattern, usually 1.27 AB=CD and 3) minimum BC projection is 1.618.
The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. A common stop level would be behind the X-point. Conservative traders may look for additional confirmation. Bat Patterns can be bearish and bullish. TradingView has a smart XABCD Pattern drawing tool that allows users to visually identify 5-point reversal structures on a chart.
CAKEUSDT 1D TA; upward channelIt is in an upward channel in the resistance area, and if stabilize the area of $ 4.20, we will be likely to increase the resistance areas in the chart, otherwise we will modify the floor of the channel.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
CAKEUSDT:D1📉Based on the chart: Important levels are marked
.📢 Please follow your strategy, , this is just my idea
.🙌Please do not forget the ' like' button & Share it with your friends
.✍ I will be glad to see your ideas in this post.
.🧲Follow me to see more analysis
.✏Analyzer: Joseph
long CAKE$CAKE bounced off the support level and broke through the short-term descending trendline. Bullish movement to resistance level at 4.18$ is likely to happen.
CAKEUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-week-time frame analysis for CAKEUSDT
Here we have R1 which used to be a support area. And S1 used to be a resistance line at which the disability of the price to rise is seen. Presently, the price is fluctuating over S1 and we expect it to fall to this line and then start its rising tend to R1. It is less probable for the price at the moment to have a fall below S1.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
CAKE USDT SHORTWe can have a short position on cake usdt and if you are intrested on lev trading trading then you can go for maximum of 5-7x lev. Blacklines on greezone are the targets and the black lines on the redzone are the dac zones. #nfa #dyor BINANCE:CAKEUSDT
PancakeSwap CAKE long Entry Range, Take Profit and Stop LossCAKE/USDT
Entry Range: $3.80 - 4.10
Price Target 1: $6.00
Price Target 2: $7.70
Price Target 3: $9.45
Stop Loss: $3,39
CAKEUSDTCAKEUSDT ( 07.30.2022 UPDATED )
Wait until price touches the trend lines then look for signal bar and key bar /Breakout and pullback to recognize direction of price movement.
Money Management must be obeyed.
CAKE / USDT Support & ResistancesDaily Technical Outlook with possible short term trading targets- 29.07.2022
⛔️Note: Please watch Pro-Technical video on Cryptosocy platform first
CAKEUSD ❕ the price under an upper boundary of channelCAKE is moving in the descending channel and is near the upper boundary of the channel.
Main MAs are bearish (1H TF)
Price and RSI have formed a bearish divergence (30m TF)
I think the asset may start to decline if after a test of the upper boundary it fixes under it and continues to move in the channel.
CAKE short$CAKE bounced off the resistance level. Bearish movement to the support level at 3,13$ is possible.
Cake Current View. Take A Look!Cake's downtrend broken. Now we need to wait for a re-test movement. No doubt it will be better this way. Blue trend line rising trend, if this trend line breaks, we can buy second tier from the black circle. This zone are safe place to buy. Price drops can trap you inside but it will rise again. Good luck.
