Get started

Cakeanalysis

PanCake swap (cake)Cake usdt Daily analysis Time frame daily Risk rewards ratio >1.7 👈👌 Target 7.4 PancakeSwap’s “head chef” declared that the BSC-based DEX is retaining the deflationary tokenomics for its native CAKE token. The announcement comes as other DEXs are trying new incentives for staking their native assets. The leading DEX on Binance Smart Chain is making a return amid a general DeFi recovery, and it shared that it will retain CAKE as a deflationary token to retain its value. The DEX decided against using CAKE as an incentive token, instead renewing its tokenomics based on regular burns and deflation. CAKE has a 1-2% annual burn rate and a negative net growth in the past 12 months. PancakeSwap also has regular weekly burns, which give a glimpse into the activity and fees generated on several PancakeSwap markets, including predictions and NFTs.
Long
by Habib-Tafazoli
2
CAKEUSDT | Massive Upside PotentialThe blue box on the chart represents a potential demand zone, where buyers might be stepping in to accumulate CAKE tokens. This area often indicates a region where the price has previously shown signs of strong support or reversal, suggesting that buyers are willing to purchase aggressively at this level. Key Observations Supporting Buyer Accumulation: Volume Increase in the Zone: A noticeable uptick in trading volume within this zone suggests active participation, likely from buyers. Increased volume at such levels often confirms accumulation. Price Rejection Wicks: If the candles show long wicks rejecting lower prices, it indicates that selling pressure is being absorbed by buyers. Historical Significance: If this blue box aligns with a previously tested support zone or a Fibonacci retracement level, it reinforces its strength as an accumulation area. Market Sentiment: Look for signs of a broader market recovery or bullish sentiment in the overall crypto space, which could encourage accumulation in CAKE. Indicators Alignment: Tools like RSI being in oversold territory or bullish divergence can further confirm that buyers are gaining control in this zone. What to Watch Next: Breakout Confirmation: A strong bullish candle breaking above the resistance of the zone confirms the buyer's dominance. Retest of the Zone: If the price revisits this area after breaking out and holds above it, it solidifies this zone as a demand level. I keep my charts clean and simple because I believe clarity leads to better decisions. Trading doesn’t have to be overly complicated, and I enjoy sharing setups that have worked well for me. My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. It’s all about learning and growing together as traders, and I’m here to share what I see. The markets can confirm what the charts whisper if we’re paying attention. I hope these levels help you as much as they’ve helped me in the past. Let’s see how this plays out! Why follow me ? 🐶 DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P: Potential Surge 📊 BTC Dominance: Reaction Zone 🌊 WAVESUSDT.P: Demand Zone Potential 🟣 UNIUSDT.P: Long-Term Trade 🔵 XRPUSDT.P: Entry Zones 🔗 LINKUSDT.P: Follow The River 📈 BTCUSDT.P: Two Key Demand Zones 🟩 POLUSDT: Bullish Momentum
Long
by XU99
Signal for CAKESignal for CAKE/USDT 🎯 Entry Point (Buy): 📉 1.912 - 1.930 This is the suggested buy range based on support and the ascending channel. Take Profit Targets (TP): 🎯 TP-1: 1.929 🎯 TP-2: 1.952 🎯 TP-3: 1.974 🎯 TP-4: 2.000 Stop Loss (SL): ❌ 1.895 If the price breaks below this level, it's recommended to close the position. 🚀 Summary: The price is in an uptrend inside an ascending channel, and entry at the current support levels could lead to potential profit if the targets are hit. If the support fails, the stop loss will limit the downside risk.
Long
by ahmadarz
CAKE : buy in low Analysisfor CAKE/USDT Author: ahmadarz In this analysis, we are reviewing the CAKE/USDT pair. According to the provided chart, the price is at the lower support area of the trading range, and the entry point is specified. Key Points: - Entry Point: 1.943 - Target Prices (TP): - TP-1: 1.966 - TP-2: 1.989 - TP-3: 2.014 - TP-4: 2.042 - TP-5: 2.087 - Stop Loss (SL): 1.917 - Explanation: The best position to enter a buy trade is in this support area. Target prices are specified sequentially, and the stop loss is determined in case the support area is breached. Caption: 🔍 Analysis of CAKE/USDT: The price is in the lower support area of the trading range. The entry point is set at 1.943, and target prices are specified. 📈 Warning: This trading signal is based solely on technical analysis, and the trader is responsible for any decisions made.
Long
by ahmadarz
#CAKE/USDT#CAKE The pair has been moving in a descending triangle since April 2022 The price broke the upper border of the triangle Supported by the momentum of the Moving Average 100 that is about to be broken Oversold on MACD It is expected to break the Moving Average 100, heading toward upward targets The price now is 20.2 The first goal is 90.4 Second goal 9.30 Which represents 400% of the current price Support and resistance points must be taken into account as there are possible corrections that may take some time during the rise ✅Thank you, for more ideas, hit 🚀 and follow 🤝🛎!
Long
by CryptoAnalystSignal
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 → Three Pushes Up! Will We Reverse to $2.84? Let's Answer.CAKE (Pancakeswap) completed its third push to the upside and rendered four Daily candles in a row with large wicks on the top. Today's close marks the fifth. Does that mean we're in for a drop? How do we trade this? 🤔 I believe a pullback here is imminent. That doesn't mean a short is justified, we are in a bull trend and our bias should remain long. However, the short-term signals like the three legs, 5 wicks on top, and a high RSI all indicate a pullback is here. It's reasonable to short this on a lower timeframe like the 1HR but on the Daily, we should be looking for a long. Wait for the price to come back down to the $2.84 area and find support. We need to see a strong buy signal and confirmation bar to justify an entry. I caveat this proposal with the state of the crypto market as a whole, it's a pivotal moment that could spell a reversal which will likely drag CAKE down with it. In summary, zoom into the 1HR timeframe to find a short, wait for a long entry opportunity at $2.84 per my description above. 💡 Trade Idea 💡 Long Entry: $2.937 🟥 Stop Loss: $2.64 ✅ Take Profit: $3.53 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Bull Channel with three pushes up, large wicks on third push. 2. Gap to Daily 30EMA. 3. Don't enter a trade here, need more price action. 4. RSI at 75.00 and above Moving Average. Supports Pullback. 5. Crypto Market at Pivotal Moment, Consider Reversal Possibility. 💰 Trading Tip 💰 You can trade any candle on the chart, the question is what trades are more worth your while and fit with your personality traits. First, understand how to analyze a chart, then understand yourself and how you best interact with your analysis such that you make money. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
BINANCE:CAKEUSDLong
by TraderEngineering
CAKE → Strong Support at $2.14! Nearing Resistance and Drop?CAKE had a fantastic bounce off of the $2.14 support area and ripped to $2.92! We're close to the next resistance area of $3.135, what does that mean for our trade opportunities? How do we trade this? 🤔 We're too close to major resistance to long on this timeframe (or any timeframe for that matter), we need to wait for either a break of that resistance level, or a break downward and rested the previous high price of $2.84. For this short setup to work, we need a strong sell response around the $3.135 area, breaking the price downward back into the $2.65 range. The price should either go sideways or re-test the previous high of 2.84 and fail. That failure will be depicted by a strong bear candle closing on or near its low. This will be our justification to enter a short position. Take profits before we get near the Support Zone at a 1:2 Risk/Reward Ratio, around the $2.29 area with our protective stop above the previous high price around $2.90. Wait for this pattern to play out, it's never wise to enter before we have sufficient evidence. That evidence gives us a higher probability that the price will behave in the way our analyses show us. Anything else is gambling! 💡 Trade Ideas 💡 Short Entry: $2.71 🟥 Stop Loss: $2.92 ✅ Take Profit: $2.29 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Established Strong Support at $2.14 Area, Bias to Long. 2. Look for Resistance at $3.135 3. Look for Reversal Trade Short, Strong Sell and Confirmation Candle. 4. Do not Long Here, Close to Support. 5. RSI at 70.00, above Moving Average. Supports Upcoming Resistance. 💰 Trading Tip 💰 Probability on the chart changes with every candle. The goal of an analysis is to illuminate the current trends, patterns, and candlestick behavior to determine the probability that the next candles will continue the trend. We can then draw trade ideas and determine good entries, followed by proper trade management if the chart doesn't pan out according to our analysis. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
BINANCE:CAKEUSDShort
by TraderEngineering
CAKE → PancakeSwap Bull Breakout! What are the Price Targets?PancakeSwap executed a beautiful bull run and pullback, forming an arched pattern toward the 200EMA where we bounced and broke out! The price is in meander mode toward the upside on new support. How do we trade this? 🤔 We do not have any signal candles or patterns to suggest the next move, any trade here carries a low probability of profit. If we long, our protective stop should be under the 200EMA which is a fair distance away. If we short, we have the 200EMA acting as potential support and where do we place our stop loss? The proper place is above the previous high of over $2.84, which is a bad Risk/Reward ratio. We should wait until the price falls to the 200EMA and the RSI comes down closer to 40.00 and starts to cross above the Moving Average. This tightens our stop loss and gives us enough room to 1:2 Risk/Reward our trade. Until then, let's see how the price action plays out. FOMO (Fear of Missing Out) is your worst enemy. This is where you enter the market prematurely, worried that you'll miss potential profits but instead, you end up in a bad trade. I find combating FOMO is best conceptualized as " You're making more money by not falling for the seduction of market profit ." 💡 Trade Idea 💡 Long Entry: $2.3037 🟥 Stop Loss: $2.1860 ✅ Take Profit: $2.5395 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Bull Trend Consolidating Pattern Complete. Bull Breakout. 2. Established New Support, Currently in Uptrend. 3. Wait for Pullback to 200EMA to consider long. 4. Do Not Long until we see Strong Bull Support after Pullback. 5. RSI at 53.00, below Moving Average. Supports Short. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
BINANCE:CAKEUSDLong
by TraderEngineering