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Cakeusdt

CAKE Bottom Is InThere has been an incredible dump of CAKE over the past month, and I believe the bottom is in after printing an ATL at $1.77. There have been eight consecutive candles near the ATL along with massive burns of the token since the dump started. I've marked fib channels showing the way back up, but I don't think the red .236 line will present much of a challenge. With trading bottoming out around $1.80, I'm thinking the Bollinger Bands will form a brief period of consolidation in the near future, followed by a move up to challenge the orange .382 fib line. From personal experience, trading into large gaps on the daily 200MA has been profitable. The candles always return to the mean whether you're long or short into the trade. This dump is like taking a mirror to the pump of 2021 only in reverse. Currently there is a huge distance between the candles and 200MA, which on a daily chart it takes quite some time for it to sink. Short term trades could exit at the .382 / $3.11. But if we consider that CAKE has previously traded over $40 and it is a yield bearing asset, there is an opportunity to ride this trade up for much longer than a quick 68% return. Fundamentally, people who have either won or lost on meme coins will look to pivot towards utility based tokens. CAKE is the native token of pancakeswap which is a top 5 DAPP across all chains in terms of unique active wallets, with billions in TVL. It will be attractive to this cycle's noobs who came in for PEPE or WOJAK...for more reasons than one. Good luck, NFA
Long
by ChartswithChip
1
CAKEUSDT Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. (update) Earlier first target was reached(4.5), stop already in breakeven 3.4 Next targets: 5 - 5.5 - 6.2 Stop: (depending of ur risk). ALWAYS follow ur RM . risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
Long
by trytofeelpositive
2
CAKEUSD. WHAT HAPPEND TO YOU ?HI DEARS 2 days ago something big happened to Pancake Swap's liquidity pools. Reports that a so-called "mass unlock" of calls on the CAKE smart contract drove a reduction of 4% in the protocol's total value locked (TVL) over the past day. This comes as PancakeSwap officially concluded the integration of its V3 liquidity pools with Ethereum and BNB Chain. after this news price drop near 25 % and tuch weekly support , technically price placed in a good demand zone which can bounce it to the red line tops in daily time. BINANCE:CAKEUSDT BINANCE:BNBUSDT
BINANCE:CAKEUSD
by Danial2958
CAKEUSDTHow do you do dear followers, *Mars Signals Team wishes you high profits* This is a one-day-time frame analysis for CAKEUSDT Here we see R2 and R1 as our resistance areas that demonstrate the price was not able to rise at different points. S1 is a long-term support area at the bottom of this chart that has the well support of price in it. As we see, the support of price at S1 in the past made a great increase for it up to R2. But aftr some rejections by this line, the price was able to be supported at our 4-hour support line (the white line) and then it lost the support and faced a sveres decline toward S1. Presently, we have the price fluctuating in S1 area and by the we expect it to have a little fall to the bottom of this area. Then by providing us some confirmation candles for the purpose of a rise, it would face an increase up to higher amounts. When the price is on the rise at S1, it is suggested to put your trade order and enter trading. Please do not forget to wait for some signs such as confirmation candles in order to make sure of what will be your next movement and then act wisely. We suggest you to put your stop-loss point based on your amount of loss that you can risk at and try to experience more logical trades. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you the best
by MarsSignals
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.
Long
by Arash-RK
Do You Think Now is a Good Time to Buy CAKE?CAKE is nor 91% below it's ATH If we buy now, and it goes to its ATH, we have a potential to gain more than 10x profit. Even if it doesn't go to ATH, let's say only half to it's ATH, it's stilll 5x profit. Pretty damn good, aye? In a shorter term, we can see that CAKE: 1. Bounce from it's support 2. Is in 618 fib retracement We only need to wait for it to reclaim 50 EMA for further confirmation. My target for shorter term will be around 5.8 USD We can also use the CAKE bag to farm/stake, for additional income
Long
by Evolutiontrading-Indonesia