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Cakeusdt

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
PancakeSwap Proposes Token Supply Cut To 450 Mln, Will CAKE Pric PanCakeSwap ( NASDAQ:CAKE ), the crypto built on the Binance Smart Chain, has lost over 23% in value in the past year. The price decline has been a concern for its investors and the PanCakeSwap ecosystem. Hence, PanCakeSwap has now announced a proposal to reduce the CAKE total supply from 750 million to 450 million, in a bid to push the prices up and uncover the journey to the “ultrasound CAKE.” PanCakeSwap To Restrict NASDAQ:CAKE Total Supply The current circulating supply of CAKE is around 388 million and restricting it to 450 million would leave room for only 62 million new coins to be added in the future. The move has been supported by the CAKE community as they believe that the crypto can recover significantly after it has lost a massive value since attaining its all-time high at $43.96 in April 2021. The CAKE crypto has been witnessing a constant decline for the past two years and is now trading at over $2.50. Therefore, restricting its total token supply could be beneficial. PanCakeSwap also announced it has reevaluated incentives for ecosystem growth to attain accurate estimates after nearly 3 years of development. Therefore, the ecosystem believes that the reduced token supply would do better justice to its community. Furthermore, for the ultrasound CAKE, a crucial step of lowering the total token supply has to be undertaken. It signals that PancakeSwap is aiming to shift from a hyperinflationary tokenomics model. In addition, it believes that the revised CAKE total supply of 450 million coins is reasonable enough to ensure that there is sufficient flexibility for growth and development. PanCakeSwap Price Rallies 20% The recent development has pushed the PanCakeSwap price up and it has gained about 20% in the past 24 hours. The PancakeSwap price was up by 19.09% as it traded at $2.61 on Thursday, December 21. In addition, the 24-hour trade volume witnessed a spurt of 179.65% and was recorded at $197.29 million. Furthermore, the CAKE market cap stood at $683.84 million, gaining 18.33% in value. Despite the recent surge, the crypto has lost 1.90% in the past month. However, in the last seven days, it managed to gain 3.66%.
Long
by DEXWireNews
4
CAKE LOOKS BEARISHIt looks like we have a contraction triangle on the chart. The lower trend line of the triangle is broken and the price has failed to recover it. We are expected to move towards the green range with high volatility. We specified the targets. Closing a 4-hour candle above the red range 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
by behdark
1
Watch out AXS, CAKE and Doge, they will join their friendsDue to the pumping of altcoins in the last few weeks, I had time to make a review. Among the altcoins that had a good pump in the past bullrun like SOL and AVAX, and among those that had a lot of decrease like CAKE and ICP, I handpicked a few undervalue GEM With today's ICP Token pump, it seems that two altcoins are prone to pump: AXS, CAKE and Doge. Sooner or later they have to pay back their debt and going high, so I'll buy some of them here
Long
by AlphaNodal
2
🍰 CAKE: Breaking Down Trend ! In the dynamic world of cryptocurrencies, PancakeSwap's token, CAKE, is displaying promising signs of a trend reversal. Trapped within a descending channel, CAKE is gearing up for a potential shift in momentum. Let's delve into the chart dynamics and explore the key levels that might mark the beginning of a bullish journey. Chart Analysis: CAKE's Descent Channel and the Turning Tide CAKE's recent journey has been characterized by a persistent descending channel, reflecting a bearish trend. However, recent developments suggest a potential reversal, with CAKE eyeing a breakout. Key Observations: Descending Channel Analysis: CAKE has been trading within a well-defined descending channel, signaling a period of consolidation and bearish sentiment. Recent price action indicates a desire for a shift in trend dynamics. Bullish Indications: Emerging bullish signals suggest that CAKE is preparing for a trend reversal. Traders are keenly observing key resistance levels that could validate this anticipated shift. Critical Levels: CAKE's Journey to Breakout Key Resistance at $5-6: CAKE faces a crucial hurdle in the form of a resistance zone between $5 and $6. A successful breach of this level, followed by a retest, could serve as a definitive bullish signal. Potential Scenarios: CAKE's Path to Bullish Terrain Breaking the Barrier: CAKE's ascent hinges on its ability to overcome the resistance zone. A decisive breakout could trigger a cascading effect, attracting bullish momentum. Retesting for Confirmation: Post-breakout, a retest of the breached resistance turned support would add confirmation to the bullish narrative. Traders should closely monitor these price dynamics for strategic entry points. Trading Strategy: Positioning for the Bullish Surge For traders gearing up for CAKE's potential bullish run: Target Key Resistance: Identify entry and exit points around the critical resistance level. Confirmation and Caution: Confirm the breakout with volume analysis and exercise caution in volatile market conditions. Long-Term Vision: Consider the broader market context and long-term trends for comprehensive decision-making. Conclusion: CAKE's Conquest and the $5-6 Frontier As CAKE endeavors to break free from the descending channel, the $5-6 resistance zone emerges as the battleground. Traders and investors alike are poised for potential bullish developments, awaiting confirmation signals for strategic market participation. 🍰 CAKE Analysis | 📈 The Quest for Bullish Reversal | 🎯 $5-6 Resistance Zone ❗See related ideas below❗ What are your insights on CAKE's impending breakout? Share your analyses, predictions, and strategies in the comments, contributing to the collective knowledge of the crypto community. The journey from descent to ascent presents an exciting narrative for the PancakeSwap faithful. 🚀🥞💚
Long
by Yaroslav_Krasko
2
CAKEUSDT.1DBased on the provided market data, the CAKE/USDT pair is currently trading at $2.444. The Relative Strength Index (RSI) over 4 hours is 46.19, which is relatively neutral. This suggests that the asset is neither overbought nor oversold. The Moving Average Convergence Divergence (MACD) for the same period is at -0.011, which indicates a bearish signal, as the MACD line is below the signal line. The Bollinger Bands (BB) 4-hour value is at 2.443, which is almost equal to the current price. This suggests that the price is fluctuating near the middle band, indicating a sideways movement. The first, second, and third support levels over 4 hours are at $2.276, $2.049, and $1.780 respectively, while the resistance levels are at $2.746, $2.828, and $2.293 respectively. Looking at the 1-day data, the RSI is at 61.18, indicating a bullish momentum as it is above 50. The MACD is at 0.264, which is a bullish signal. The BB value is at 2.811, which is higher than the current price, indicating a potential upward movement. The support levels are at $2.198, $1.666, and $1.280, while resistance levels are at $2.857, $4.009, and $4.719. As for the 7-day data, the RSI is at 67.78, indicating a strong bullish momentum. However, the MACD is at -0.0055, which is a bearish signal. The BB value is at 2.930, which is higher than the current price, indicating a potential upward movement. The support levels are at $1.507, $1.083, and $0.650, while resistance levels are at $4.075, $4.810, and $5.490. In conclusion, the short-term (4-hour) indicators suggest a bearish or sideways trend while the medium (1-day) and long-term (7-day) indicators suggest a bullish trend. It seems that there might be some short-term downward or sideways movement before the price potentially starts to rise again. Please note that this analysis is based on historical data and does not guarantee future performance. Always do your own research and consider your risk tolerance before making investment decisions.
by MarsSignals
3
CAKEUSDT Idea⚠️ Disclaimer: The following insights reflect my personal perspective on the market, relying on publicly available information and historical data. While some opinions stem from my actual trades, others do not. I am not a financial advisor, and I bear no responsibility for your trading choices. ✅ Feel free to reach me out with any questions or recommendations. I am more than willing to assess and analyze any currency pair or index that piques your interest. BINANCE:CAKEUSDT EIGHTCAP:CAKEUSD
Long
by Arash-RK
CAKE Weekly Analysis - Long the Descending Wedge Bull Pattern!?CAKE is in a descending wedge pattern and currently flirting with breaking out. After last week's bull bar closing near its high, we had a slight pullback to the 30EMA and bounced back to the top of the wedge. We have yet to breakout let alone confirm a breakout. Until then, this is what we have for data: Key Points 1. The Descending Wedge Pattern is Bullish 2. We should wait to enter long until the breakout is confirmed 3. We have some support on the 30EMA 4. Bitcoin is a leading indicator for the alt market. Bitcoin needs to confirm a breakout of the Weekly Resistance 5. RSI has room to move up but has more to fall. We should wait for more price action. You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
BINANCE:CAKEUSDLong
by TraderEngineering