CAKE📊 #cakeusdt
⏱ TIME : 1W
📝It is reaching very important areas for spot purchases, and you can make purchases in a gradual and managed manner. It has also been checked for fundamental analysis and is a sustainable and strong project for the future.
📍The initial buying limit: 1.18 $
📍The second buying limit: 0.47 $
📌TP1 : 1.45 $
📌TP2 : 2 $
📌TP3 : 2.9 $
📌TP4 : 5.5 $
Cakeusd
✅TS ❕ CAKEUSD: ATL✅✅ CAKE is dropped to the support level.
The price repeatedly reacted to the current level.
The asset will bounce again from the current values. ✅
🚀 BUY scenario: long to 2.855 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
CAKEUSD ❕ oversoldTrading volumes declined on the correction.
On the 4H Timeframe, the RSI chart fell into oversold zone, and TD Sequential formed a reversal signal up.
The RSI chart, price movement and volume dynamics formed a bullish divergence (4H and 1H TFs)
I believe that the asset can bounce if it holds the current support level.
✅TS ❕ CAKEUSD: support area✅✅ CAKE/USD continues to move near the support area.
The chart is trying to throw out unnecessary traders.
The price will rise. ✅
🚀 BUY scenario: long to 3.798 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
CAKE IS BULLISHHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the CAKE symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
✅TS ❕ CAKEUSD: descending wedge✅✅ CAKE has formed a descending wedge.
The asset is above the support area.
The price will start to reverse soon. ✅
🚀 BUY scenario: long to 3.92 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments
CAKE Idea for Long tradeLow risk, entry price: Above $3.890 till $3.900
Medium risk, entry price: ==> 1. Above $3.850 in Yellow Area & 2.After 1H or 2H candle sticks close in Yellow Zone above $3.850, it means that can be close to Uptrend line
CAKE vs USDT CAKEUSDT CAKEUSD BINANCE:CAKEUSDT CRYPTO:CAKEUSD
✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
CAKE Proffesional Analysis PancakeSwap, a decentralized exchange built on the Binance Smart Chain, is currently generating a lot of attention in the cryptocurrency market. The recent bullish trend seen in the 20 and 50 exponential moving averages is providing a positive outlook for the asset. This crossover of the EMAs is a positive sign for traders and investors, indicating that the price of PancakeSwap is likely to move upward in the near future.
Furthermore, the daily chart for PancakeSwap shows higher lows, a bullish pattern that is further supporting the positive outlook. The fast transaction times, low gas fees, and high liquidity on PancakeSwap have made it a popular choice for decentralized trading, and the current bullish trend is only adding to the excitement around the project.
However, as with any investment, it's important to keep in mind that cryptocurrency markets can be highly unpredictable. It's essential to do thorough research and understand the potential risks before making any investment decisions.
Overall, PancakeSwap is worth paying attention to as the asset continues to display bullish signs and potential for growth in the decentralized exchange market. With a strong following and increasing popularity, PancakeSwap is one to watch in the near future.
CAKE reacted positively to the supportCAKE reacted positively to the support of the range of $3.56 to $3.63 and continued to move upwards again. In the daily timeframe, a higher ceiling has been recorded than the ceiling of the previous downward wave, indicating the medium-term conditions are bullish. Therefore, there is still a possibility of retesting the resistance and breaking the resistance in pullbacks.
Of course, the negative reaction to the candle yesterday can indicate that the price trend this week and in the 4-hour time frame can turn into a range mode. So the previous floor at the $3.56 -$3.63 support limit can be retested, forming a large range zone. Also, after the top of the main descending channel is broken, we expect a pullback to the top of the broken channel. The main resistance of CAKE is also considered in the range of $5.20, which can be associated with a strong negative reaction.
#CAKE/USDT [ PancakeSwap ]: Resistance Breakout + Confirmation🔸 We've detected a Resistance Breakout and Confirmation on the CAKE/USDT chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. We may consider buying at the current price zone and targetting higher level.
• 📊 Technicals:
• ⎿ 24h P. change: 🔺 4.825%
• ⎿ 24h Volume: 10,143,528.451 USDT
PancakeSwap CAKE price is trying to break up from downtrendThe CAKEUSDT price has been in a falling trend channel since April 2021.
In fact, almost immediately after "the hype CAKE" exited into the market, when the price of CAKE rose from $10 to $44 in a month, the search for a fair market price began.
Looking at the chart, we can see aggressive buying of CAKEUSD from $3
After, buyers of PancakeSwap twice time bought back the price from the critical $3.60 level, giving him the status of a "mirror"
Roughly speaking, we can say that a price zone of $3-5 is a zone of fair market price , which satisfies both buyers and sellers for the last six months.
Therefore, in case of positive developments in the cryptocurrency market, we can expect the CAKEUSDT price to exit the falling channel.
The first task of buyers is to break through and consolidate above $5.50.
If this condition is met, in the medium term, you can start dreaming about growth to the region $8.75 - 9
If the wave of negativity again covers the crypto market and the price of CAKE drops below $3.60, then it is not worth buying CAKE again before $2.90-3.
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