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CAKE

Polly, pick up the crumbs of CAKEWell hello there! I mUst say that the previous review moderator tip - its a STORY, not an fin advise was not entirely correct, or rather completely erroneous, because the price movement occurred in the other direction. I suppose this is the machinations of the cunning goblins who took away the cookies they had accumulated from the hoarding dwarves during the Last Bear Massacre. In their dirty little hands, the CAKE chart has transformed into something different and alien to our mind, because we are all used to 1-3-5 growth, and here we see only two impulse waves. Where is the fifth, where did you put it, you vile goblins? "you'll never figure out our trick white lady hehe hehe" BUT I DID! we growin' via ZigZag ABC!! Isnt it a relevation?! Here's the goblin chieftain's head, Your Grace, and here'z thy bag of CAKE they stole. The cookies are a little moldy, but if we introduce a fashion for moldy cookies, thy citizenz will buy it, Im sssure. I suggest buying all cookies at 1.397-2.041 coin per CAKE, so that the average is 1.7, and we will wait for the price to rise to 15 that's the end of the fairy tale and who listened - well done :) Az usual - understandin' thy idea obliges you to press thy missile button (let them firez in da chartz only) if u find its silly - my regredz ;)
by zikkuratt
1
CAKE buy/long setupThis symbol has a structure that can pull back upwards. We have an ascending CH on the chart and the TL (trend line) is broken. I marked the TPs on the chart. When the price reaches tp 1, place the stop on the entry. If CAKE reaches the white FVG range, we will look for buy/long trades. Do not enter the position without setting stop and capital management. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
Long
by behdark
CAKEUSDT.1DBased on the given market data, the CAKE (PancakeSwap) is currently trading at a price of $3.015 against USDT (Tether). Looking at the 4-hour chart indicators, the Relative Strength Index (RSI) is 56.74, suggesting a slightly bullish market sentiment. The Moving Average Convergence Divergence (MACD) is at 0.025, suggesting a bullish trend. However, the price is below the Bollinger Band (BB) upper limit of $3.170, indicating that the price could potentially rise. The resistance levels are $3.328, $3.814, and $3.840, while the support levels are $2.759, $2.436, and $2.071. On the daily chart, the RSI is at 55.78, indicating a neutral market sentiment. The MACD is at 0.084, suggesting a bullish market. The BB upper limit is at $3.814, which is above the current price, indicating that the price could rise. The resistance levels are $3.997, $4.700, and $5.132, while the support levels are $2.720, $1.878, and $1.767. On the weekly chart, the RSI is at 63.47, indicating a bullish market sentiment. The MACD is at 0.303, which is a bullish signal. The BB upper limit is at $3.978, which again indicates that the price could rise. The resistance levels are $4.800, $5.597, and $8.740, while the support levels are $0.066, $1.647, and $1.052. In conclusion, the market data suggests that CAKE is currently in a bullish trend on the 4-hour, daily, and weekly charts. However, investors should keep an eye on the resistance and support levels and pay attention to changes in RSI and MACD for potential trend reversals. Please keep in mind that this is only a technical analysis and does not take into account fundamental factors, and thus it should not be the sole basis for investment decisions.
Long
by MarsSignals
2
A Dive into the Burn of 8,740,957 $CAKE Tokens worth $25 MlnPancakeSwap's Fiery Transformation In a surprising turn of events, PancakeSwap, one of the leading decentralized finance (DeFi) platforms on the Binance Smart Chain (BSC), has just executed a massive token burn, incinerating a staggering 8,740,957 NASDAQ:CAKE tokens, equivalent to a jaw-dropping $25 million. This unprecedented move has left the crypto community buzzing with speculation and excitement. The Burn Event: On 8th January, 2024, PancakeSwap's blockchain explorer, BscScan, unveiled a transaction hash (TxID: 0xdddb22d7af19a36fa92342a9bc5c2bf82a6e3b8a843abcfbd45ac261c5e7ebb8), providing irrefutable evidence of the burn. The burn event is a strategic move by PancakeSwap to reduce the total supply of NASDAQ:CAKE tokens, thereby potentially enhancing their scarcity and value. Unpacking the Numbers: The burned 8,740,957 NASDAQ:CAKE tokens represent a significant portion of the total supply, and with the current market capitalization of PancakeSwap, this move could have profound implications. The token burn is not only a testament to the platform's commitment to its community but also a strategic maneuver to counter inflationary pressures and maintain a healthy ecosystem. Implications for NASDAQ:CAKE Holders: For existing NASDAQ:CAKE holders, this burn event may result in a positive impact on the value of their holdings. The reduced supply could potentially lead to increased demand, fostering a more favorable environment for price appreciation. The burn sends a clear signal to the market that PancakeSwap is actively managing its tokenomics to create long-term value for its community. Community Response: The crypto community, always quick to react to significant events, has expressed a range of emotions following the news of PancakeSwap's massive token burn. Social media platforms, forums, and chat groups are buzzing with discussions, analyses, and predictions about the potential market response. Some see it as a bullish signal, while others are eagerly awaiting PancakeSwap's official statements regarding the motivations behind the burn. PancakeSwap's Vision: PancakeSwap has been a pioneer in the DeFi space, offering a user-friendly platform and a wide array of features, including decentralized trading, staking, and yield farming. The recent token burn aligns with the platform's commitment to innovation and sustainability. It highlights PancakeSwap's dedication to creating a robust and valuable ecosystem for its users. Conclusion: PancakeSwap's decision to burn a substantial number of NASDAQ:CAKE tokens has injected a new level of excitement and anticipation into the crypto community. As the aftermath of this burn event unfolds, all eyes are on PancakeSwap to provide further insights and guidance on the potential impact on its ecosystem. The journey ahead for NASDAQ:CAKE holders promises to be an intriguing one, filled with opportunities and challenges as PancakeSwap continues to shape the future of decentralized finance on the Binance Smart Chain.
CRYPTO:CAKEUSDLong
by DEXWireNews
Polly whana cracker? crumbs of a CAKEHO HO HO boyz! Do you feel the holiday coming? The mystery of Christmas night, New Year and gifts? CAKE has prepared a gift for its holders and intends to wash them in their blood: WE ARE IN a WAVE B OF CORRECTION , which means that now they will start selling alts to you through the news. after that, the Shiba will go up, and everything else will go into the correction of the C/ wave. but I have a REAL GIFT for you - the shopping area. The shamans of the great ancient one were singing songs under my window and I heard a homeless man ask them - "where can I get some CAKE?" "In the zone of wave 4 of the minor degree" - they answered SOOO... its kinda 1.6$ per CAKE i guess. stay calm and press zi rocket button only if u understand zi idea, if u just like it - please, dont.
Long
by zikkuratt
4
CAKE Basic trend. Working with reversal zones. Money management.Logarithm. Time frame 1 week. Major trend. Combined education and potential trade in ideas. Pivot zones from key liquidity zones. The main idea and meaning of this idea is to show the logic of working with reversal zones from key resistance support levels, which will determine the further development of the trend. I have shown all possible scenarios of secondary trend development from more probable and logical to less probable, but which have the right to be realized. You should always keep even unlikely scenarios in your mind, even if you do not believe in them. Few people calculate different variants of trend development ahead of time. In most, as a rule, there is one scenario of price movement, but it is built in most cases on the desire that it was exactly as profitable. This is how this trend looks like on a line chart. Exchanges and surprises. Money management. CAKE (PancakeSwap) is a decentralized exchange (DEX) token on the Binance Smart Chain, launched by anonymous developers The coin as an example of similar crypto of the third liquidity group, which lose capitalization, that is, people's faith in the project itself - "the faith of the community is killed". It is quite possible that at one moment the faith in anonymous developers will be "killed" and they will use the existing liquidity for the last time. I emphasize what blockchain the token is made on and how many bad triggers (FUD and not only) in the info space, not only with the designation “4”. The idea (long-term trend) is more educational than trading because of the degree of risk (liquidity, “ugly chart” for the future, large depreciation, breaking a long horizontal channel at a very large %). My desire is to trace on a live chart how the fate of two exchanges will be reflected on the price of this token in the future. Liquid, popular, reliable and conditionally decentralized with “anonymous developers”. Local trend. Work in it (only in it and nothing else). Risk Management. But, in the local trend at the moment, this coin is interesting to work, especially since the triangle is almost formed and soon the dénouement. Stops will be quite short in the direction of the breakout, that is work. I will post an idea for local-medium term work below. Take a local profit (maybe substantial) and forget once and for all about crypto fantasies and what will happen to the price next. No regrets if you took a relatively small profit and further development of the trend showed an order of magnitude more. In the end, it may be the other way around, you will be the lucky one who “made it” before the “sunset”. Learn to take profit from the market, it is better to take a little bit at a time, limiting risks, than to take a potentially large profit (which is what most “sectarians” are waiting for). In the long run, I highly recommend not getting involved with this or other similar cryptocurrencies. You will be playing casino, and not so much with risk management (risk/profit ratio in trading) but with money management (money management in general, places to store and trade). So stops can be useless in some not quite trading situations. Note how I've written a lot of information that doesn't really apply to this cryptocurrency directly, but only indirectly, as a potential consequence of more global yet equally potential events . Observe money management and risk management in trading, diversify where you trade and store crypto assets, this will guarantee a sound sleep in the future. . Secondary trend + local work. Time frame 3 days. 08 2023
by SpartaBTC
12
$CAKE Jumps 5% on Proposal to Slash Token Supply by 300 MillionPancakeSwap's CAKE token jumped by 4% following the proposal, which would see its maximum supply reduced from 750 million to 450 million. NASDAQ:CAKE , the native token of decentralized exchange (DEX) PancakeSwap, is up by almost 7%, following a proposal to reduce its maximum token supply. According to data from CoinGecko, PancakeSwap's NASDAQ:CAKE is currently trading at $3.71, up 6.8% on the day and 40% in the last seven days. The proposal to slash the maximum supply of CAKE by 300 million to 450 million has garnered widespread support from the community of token holders, with over 90% voting in favor so far. Despite its overnight jump, CAKE has a long way to go before it can reclaim its all-time high of nearly $44, posted in April 2021. The move caps off a busy few months for PancakeSwap. In August 2023, it expanded to the Coinbase-incubated Base layer-2 network, and Ethereum layer-2 scaling network Linea, as part of an ongoing multi-chain expansion by the PancakeSwap team. Last month, the DEX launched its own crypto gaming marketplace with tower defense game Pancake Protectors and city-building sim Pancake Mayors as the launch titles. PancakeSwap is currently the third-largest decentralized exchange by volume, accounting for $500 million worth of trades in the past day, according to CoinGecko. The total volume on decentralized exchanges, $5,726,720,165, currently accounts for 5% of all crypto trading, according to the crypto price aggregator.
Long
by DEXWireNews