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CAKE

TradeCityPro | CAKE: Triangle Squeeze Nears Breakout Decision👋 Welcome to TradeCity Pro! In this analysis, I want to review the CAKE coin for you. This project is one of the crypto DEXs that operates on the BNB network and is among the most popular projects on that chain. 💫 This project’s token, CAKE, has a market cap of $747 million and ranks 95th on CoinMarketCap. 📅 Daily Timeframe As you can see in the daily timeframe, a symmetrical triangle has formed, and the price is moving near the end of this triangle. 💥 Personally, I don’t trade when the price is in this area of the triangle and prefer to wait for the triangle to break, because there’s a high chance of random volatility that can cause missed opportunities due to incorrect entries. ✅ I recommend that you also wait for a breakout from this triangle and open a position only after it breaks—whether to the upside or downside. ✨ For a long position, you can enter after a breakout above 2.5. The main trigger will be the 2.847 zone. An RSI move into the Overbuy zone would also be a great confirmation for this position. 🔽 For a short position, our first trigger is the 1.909 level. If this level is broken, the price could start a downtrend toward 1.461. The main confirmation of a bearish trend will be a breakdown below 1.461. 📊 In any case, whichever trigger gets activated, I believe volume confirmation is essential. If volume increases along with price movement, the likelihood of that move being a fakeout decreases. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
9
CAKEUSDT Pump📊 On the 4H BINANCE:CAKEUSDT chart, price has broken above the mid-term channel resistance and is currently pulling back. If the support zone holds, there’s potential for continuation toward higher resistance levels. A bullish reaction from the 2.299 USDT area could validate the next leg up. 🔄 If the correction deepens, the highlighted pink zone offers a strong re-entry opportunity. Key targets on the upside include 2.570, 2.740, and potentially 2.940 USDT if momentum continues. ✅ Key Support Levels: 🟥 2.401 USDT 🟥 2.299 USDT 🟥 2.035 USDT 🟥 1.830 USDT 🚫 Key Resistance Levels: 🟩 2.570 USDT 🟩 2.740 USDT 🟩 2.940 USDT
Long
by EhsanZeydabadi
CAKE/USDT | Rising Wedge ⇒ Supply-Zone ShortCAKE/USDT | Rising Wedge ⇒ Supply-Zone Short Building on Prior Success Following my May 1 CAKE/USDT forecast—view it here: —which itself was rooted in the April 6 trend-rebound call that delivered a 38% gain: 📈 Market Structure Pattern: Well-defined rising wedge since early April (blue trend-lines) Bearish Impulse: Wedges often break down as buying exhausts into the apex 📌 Supply Order Block Zone: 2.246 –  2.300 USDT (blue shaded area) Upper Resistance:  2.387 USDT (Red line) marks April’s supply peak ⚔️ Entry Levels Aggressive: Short on a clear rejection from 2.246 USDT (lower edge of block) Conservative: Wait for a failed break or bearish candle near 2.300 USDT (block/wedge confluence) 🛑 Stop Loss Invalidation: A close above 2.40 – USDT high-timeframe supply Rationale: Allows for a false spike while protecting capital 🎯 Profit Targets TP1 2.110 TP2 1.946 TP3 1.752 🔧 Trade Management - Scale out partial positions at each TP to lock in gains - Move stop to breakeven once TP1 is reached - Reassess if price sustains above 2.40 USDT ⚠️ Rising wedges can whip both ways—always size positions properly and respect your stop.
Short
by CryptoSheykh
CAKEUSD Ahead of a monumental Triangle break-out.PancakeSwap (CAKEUSD) has been trading within a Triangle pattern since the December 04 2024 High and the price has been on the tightest squeeze possible since. As you can see, it has been ranged for the past 2 weeks withing the 0.382 - 0.618 Fibonacci range and this is also reflected on the 1D RSI sequence. If the price breaks above the top of the Triangle (Lower Highs trend-line), we expect a rally towards the 2.0 Fibonacci extension (5.3000). Alternatively, you may target on a safer note either Resistance 1 or the 1.618 Fib ext. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:CAKEUSDLong
by TradingShot
CAKE/USDT | Rising Wedge ⇒ Bearish ReversalCAKE/USDT | Rising Wedge ⇒ Bearish Reversal Following my previous CAKE prediction—which delivered a +30% gain—the pair now looks poised to turn bearish again. 📈 Market Structure Pattern: Rising wedge from April lows, with price compressing into higher highs and higher lows under converging blue trend-lines. Implication: Wedges often break down as bullish momentum fades into the apex. 🎯 Supply / Short Zone Zone: 2.257 – 2.380 USDT (blue–purple shaded area) Lower edge aligns with the upper wedge trend-line. Upper edge marks April’s horizontal resistance. ⚔️ Short Entry Strategies Aggressive: Short on the initial test of 2.257–2.380 USDT with a bearish rejection signal. Conservative: Wait for a confirmed reversal pattern near the zone. 🛑 Stop Loss Level: Above wedge resistance at 2.45 USDT—allows for a false breakout while limiting risk. 🎯 Profit Targets TP1: 2.135 USDT TP2: 2.010 USDT TP3: 1.840 USDT 🔧 Trade Management Scale out partial positions at each TP to lock in gains. Move stop to breakeven once TP1 is hit. If price closes above 2.45 USDT, invalidate the setup and reassess.
Short
by CryptoSheykh
TradeCityPro | CAKE: Slicing Through the Market's Range Box👋 Welcome to TradeCity Pro! Let's dive into the analysis of Bitcoin and key crypto indices, focusing today on the CAKE coin, as requested in the comments. This coin holds a market cap of $511 million, ranking 93rd on CoinMarketCap. 📅 Weekly Timeframe In the weekly timeframe, as you can see, there's a very large range box existing from 1.093 to 4.753. This box represents a substantial range, and the price has been in this box for almost three years. 🔍 There's a significant area within this box at 1.549, which currently acts as a very important support. The price has hit this level several times but has yet to break through it. ⚡️ In this timeframe, indicators are not very useful because it's a ranging trend, and in ranging trends, these tools don't perform well. The best tool we can use to analyze a ranging market is support and resistance. 📊 Currently, there is a support at 1.549, as mentioned, which the price has hit several times and has been supported by. If this support breaks, there's another very important support at 1.093, which will be the last support area for the price. 🛒 For buying this coin in spot, there is a very strong supply zone near 4.753. I recommend waiting until this area is broken to start the main bullish trend. This break would signify a potentially strong upward move, so entering before this break could expose you to unnecessary risks given the current ranging conditions. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
10
Long Position CAKE/USDTPancakeSwap (CAKE) has entered a critical Long Zone between $1.48 – $1.64, where price historically found strong support before a major Long rally. After a prolonged downtrend, we’re now approaching a potential reversal zone. 🔹 Long Entry Zone: $1.48 – $1.64 🔹 Potential Upside Target: $2.82+ 🔹 Rationale: Previous bounce zone + strong demand area 🟢 This is a high-reward opportunity for patient bulls waiting for a bottom formation. Watch closely for early signs of strength — if price holds and confirms a reversal, we may see a sharp push to the upside. ⚠️ Reminder: No entry without confirmation and risk management.
Long
by CryptoSheykh
7
Breaking: $CAKE Surge 16% Amidst Breakout of a Falling wedge The price of Pancakeswap saw a noteworthy uptick of 16% today amidst breakout of a falling wedge pattern. With the Relative Strength Index (RSI) at 72, more upside is envisioned in the long run as traders step in sparking a move to the $3.8 pivot point. About PancakeSwap PancakeSwap is a decentralized exchange (DEX) built on multiple blockchains, primarily BNB Chain and Ethereum, offering trading, staking, and yield farming services. The platform uses automated market makers (AMM) to enable users to trade cryptocurrencies directly from their wallets, with CAKE as its native token that powers various platform features and rewards. Since its launch, it has evolved into one of the largest DEXs by trading volume, incorporating features like perpetual trading and cross-chain functionality. PancakeSwap Price Live Data The live PancakeSwap price today is $2.79 USD with a 24-hour trading volume of $399,375,543 USD. PancakeSwap is up 15.87% in the last 24 hours, with a live market cap of $816,022,085 USD. It has a circulating supply of 292,717,453 CAKE coins and a max. supply of 450,000,000 CAKE coins.
Long
by DEXWireNews