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Cakeusdt

SasanSeifi| Price to Test $2.50!Hey there, ✌ As observed in the daily timeframe BINANCE:CAKEUSDT , the price has been moving back and forth within the price range of $1.50 to $2.00 for some time. Currently, after the price has once again tested the demand zone around $1.50, we have witnessed a positive reaction and increased demand, which has driven the price upwards. Additionally, the downward trendline has been broken. Given the current market conditions and the overall analysis indicating an increasing market bias towards a bullish trend, it’s likely that we will see significant price growth in the mid-term. In this scenario, if the price can maintain the levels between $1.70 and $1.80, we will likely continue to see upward movement, with the price targeting the next supply zone between $2.10 and $2.20. In this range, we may see a negative reaction, which could lead to a consolidation phase or minor correction. However, after a potential pullback, the bullish trend is expected to resume, with the price targeting higher levels at $2.50, and eventually reaching longer-term targets around $2.80 or even $3.00. To better understand the continuation of the trend, it will be important to see how the price reacts to the mid-term target at $2.50. 💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions! Happy trading!✌😎 Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
Long
by SasanSeifi
4
#CAKE Reaches A Critical Moment—Will the Bulls Save the Day?Yello, Paradisers! Is #CAKE on the verge of a powerful bullish breakout, or will the bears crush any hopes of recovery? Let’s break down the latest analysis of #PancakeSwap: 💎After 5-6 months of a slow and steady downtrend, #CAKEUSDT is now reaching a crucial juncture. The price is testing the upper boundary of the descending channel, setting up for a retest that could ignite a major rally. But the bulls face a tough challenge: to trigger this breakout, #PancakeSwap must overcome the $2.00 resistance. 💎This level, once a solid support, has now flipped into a significant barrier. To confirm bullish momentum, the breakout must be backed by rising trading volume and a favorable interaction with the 20 EMA. If these conditions are met, a surge toward the next major resistance area becomes a real possibility. 💎However, there’s a serious risk if bulls lose steam. A failure to sustain momentum could lead to a pullback into the $1.46-$1.61 support zone, which has to hold to prevent deeper damage. If this area breaks down, we could see a swift move toward $1.20. 💎If $1.20 doesn’t hold, the bears could seize control, leading to a sharp correction and dashing hopes for a short-term bullish recovery. The market can be brutal, and only those who approach it strategically will succeed. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
4
Cakeusdtsemi forgotten high quality project living mostly on bsc but is now multichain and very highly regarded aka it won't crash or binance's reputation will be 0 73% to the bear market highs post probable unlock event and dilution from farming, probably the new range unless some massive burns take place.. still quite a high % gain on offer.. cz outta jail crypto market heating up alts will run after btc breaks aths.. might not be till november or next year but still it looks inevitable
Long
by olliecoughland
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
DreamAnalysis | CAKEUSDT Start Uptrend?👋 Welcome back to your favorite channel, D reamAnalysis! Today, we're going to analyze one of the key utility coins in the crypto space, PancakeSwap (CAKE), and explore its future potential. 🌐 What is PancakeSwap (CAKE)? PancakeSwap is a decentralized exchange (DEX) built on Binance Smart Chain (BSC). It allows users to swap BEP-20 tokens using the Automated Market Maker (AMM) model. Users can stake tokens to provide liquidity and earn CAKE tokens as rewards. 📊 Weekly Time Frame Analysis: After being rejected at the top of the weekly box resistance at 4.789, CAKE moved towards the bottom, but this time, it didn’t reach the previous l ow. This indicates strong buyer momentum and a lack of sellers in the market. Currently, CAKE is stuck below the resistance at 2.077. If it breaks this resistance with strong volume and RSI confirmation, we can consider a buy position for spot and long-term holding, with a stop loss placed at the bottom of the box around 1.089. 💡 Recommendation: Before investing, I suggest researching the project further to understand if you can maximize your profit. The main trigger for the uptrend will be breaking 4.789, which will mark the start of a solid upward movement. 📅 Daily Time Frame Analysis: For the third time, CAKE is testing the resistance at 2.055. This time, there’s a higher chance of breaking through because we’ve registered higher lows since 1.41, indicating a stronger upward trend. Additionally, during this move towards resistance, volume has increased, and the RSI is rising above 70, which is another confirmation that we may break through the resistance. 🔗 Chart Analysis ⏳ 4-Hour Time Frame Analysis : In this time frame, CAKE has moved up with the help of a parabolic trend, creating higher highs and higher lows. However, the size and number of candles are decreasing, showing signs of trend weakness. But remember, trend weakness alone doesn’t confirm a reversal. 📈 Long Position: Our entry trigger is clearly set, and upon breaking 2.084, we can open a long position and aim for higher targets. 📉 Short Position: This largely depends on Bitcoin’s movement. For a short position, we need a trend reversal or a break below the parabolic line and the support at 2.006. 💬 This wraps up today’s analysis. If you found this helpful, feel free to share it with your friends and leave a comment with your thoughts or any other pairs or coins you’d like us to analyze. 📌 These analyses are merely our ideas based on a chart that doesn’t follow strict rules. Technical analysis is an art, and these insights are not financial advice.
Long
by DreamAnalysis
2
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 looks bearishFrom where we placed the red arrow on the chart, it seems that the CAKE correction has started and wave A has ended and we have entered wave B. Wave B is a zigzag diamond pattern. We are looking for sell/short positions in the red range. Closing a daily candle above the invalidation level will violate the analysis 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
Short
by behdark
4
pancake swap ready for 400 % profit (cakeusdt)hello dear trader and investors this price action for cake with usdt pair and now cake in the QM bulish pattern after bitcoin retest supourt zone pancake collected liQ on the supourt zone and fundamentally: A multichain DEX PancakeSwap has recently announced a token burn event. As per the platform, the respective episode takes into account the burning of up to 9,039,859 NASDAQ:CAKE tokens with a value of up to $16 million. The company took to the social media platform X to disclose further details of this development. 9,039,859 NASDAQ:CAKE just burned – that’s $16M! PancakeSwap Commences a Token Burn of up to 9,039,859 NASDAQ:CAKE Tokens In its recent X post, the firm revealed that this burn event works as a part of PancakeSwap’s broader efforts. According to the platform, the current endeavors thereof focus on minimizing the NASDAQ:CAKE token’s supply and increasing its value. Apart from that, the post also offered insights into the trading fees. Additionally, it also discussed the activity across diverse sections of the platform. In terms of trading fees, PancakeSwap noted that trading fees from Automated Market Maker V2 accounted for 89,000 NASDAQ:CAKE tokens. These coins had a value of up to $156,000, denoting a more than 9% change from the previous week. Nonetheless, trading fees from Automated Maker V3 accounted for nearly 71,000 NASDAQ:CAKE coins. This figure equaled the value of up to $124,000, signifying a change of -50% from the previous week.
Long
by mehdi_kb
14
CAKE: Will it go back to $1.50?Pancakeswap was originally built on the BNB Chain and allows users to trade tokens without using a centralized exchange. It provides an array of products, such as: An exchange to swap tokens A yield farm to earn rewards Syrup pools to stake CAKE tokens Ethereum liquid staking (wBETH) and simple staking Pancake Protectors game v3 position manager (new feature) A prediction market Initial Farm Offering (IFO) token launches A bridge to bridge CAKE to Ethereum and Aptos A lottery An NFT marketplace
BINANCE:CAKEUSDLong
by M2it2M
Will CAKEUSDT Make a Big Move? A Key Event Can Push Cake PriceYello, Paradisers! Do you see the potential for a massive breakout in #CAKEUSDT? We have some exciting information that could be vital for the #CAKE movement in the next few days 💎#CAKEUSDT has consistently followed a symmetrical triangle pattern, and right now, we're seeing a bullish double bottom pattern forming at the crucial support zone around $2.29. If the price maintains its momentum, there's a strong possibility of a bullish surge toward the supply area. 💎#PancakeSwap ( NASDAQ:CAKE ) has an upcoming event from June 19 to June 20, 2024. This event could drive demand for #CAKE and associated tokens, potentially causing significant price movement. 💎If #PancakeSwap sustains its momentum, we could see a bullish breakout from the support at $2.29. If the price fails to hold momentum and breaks below the ascending support, we anticipate a bullish rebound from the lower support level at $1.91. 💎However, if NASDAQ:CAKE break below the strong support at $1.91, it would invalidate the bullish outlook, leading to a significant price drop. Stay focused, patient, and disciplined, Paradisers. Make sure to keep an eye on these key levels and trade smartly.
Long
by MyCryptoParadise
3
CAKE is bullishWe have a bullish structure on the chart and also a head and shoulders can be seen at the bottom. By maintaining the demand range, it can move towards the supply side. The targets are clear on the chart. Closing a 4-hour candle below the invalidation level will violate the analysis Note that the financial market is risky, so: Do not enter any position without confirmation and trigger. Do not enter a position without setting a stop. Do not enter a position without capital management. When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit. If you have any comments please post them, comments will help us improve our performance Thanks
by iMoneyTeam
1