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Cakeusdt

CAKEUSDT Elliott Waves Analysis Hello 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) In previous analysis i gave recommendation to buy CAKe in 3.5 - 3.2$ zone. Entry: market and lower Target: 4.5 - 5.4 - 6.2 Main target zone: 6 - 6.5 after first target reached move ur stop to breakeven Stop: 3.1(agressive) ~2.55(conservative) (depending of ur risk). ALWAYS follow ur RM . Risk/Reward: 1 to 4 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
9
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.
BINANCE:CAKEUSDLong
by LegacyTrendX
1
Pancake swap looking attractive as bulls increasePancakeSwap, a decentralized exchange (DEX) built on the Binance Smart Chain (BSC), is currently showing bullish signs in the cryptocurrency market. According to recent analysis, PancakeSwap's 20 and 50 exponential moving averages (EMAs) have crossed over in a bullish direction, indicating that the asset may be poised for upward price movement. Additionally, the daily chart for PancakeSwap is displaying higher lows, which is another bullish indication. Investors and traders alike are keeping a close eye on PancakeSwap, as a positive trend in the DEX could lead to increased interest and adoption of the BSC ecosystem. PancakeSwap's liquidity, fast transaction times, and low gas fees have made it a popular choice for decentralized trading, and the current bullish trend is adding to the excitement surrounding the project. However, it's important to note that cryptocurrency markets can be highly volatile and subject to rapid price movements. As with any investment, it's essential to conduct thorough research and understand the potential risks before making a decision. Overall, PancakeSwap is one to watch in the coming days and weeks, as the DEX continues to show promising signs of growth and bullish momentum.
Long
by LegacyTrendX
CAKEUSDT: Hidden Bullish Divergence, Will Reach 4.800 again?Hello, Fellow Pancake Swap Trader and Investor! Price Action Analysis CAKEUSDT is breaking out of the symmetrical triangle pattern. Moving above the EMA90 still moves in a bullish continuation trend. The MACD Indicator made a hidden bullish divergence, signifying a possible bullish upside movement to the target area. Other Technical Drives and Fundamental Drives a. U.S. Dollar Bearish Bias Still Prevails! b. Slower pace of Interest Rate Hike in the future All other explanations are presented on the chart. The roadmap will be invalid after reaching the target/support area. "Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the CAKEUSDT" *Support the channel by smashing the like button and follow for more content!"
Long
by financialfreedomgoals101
4
CAKEUSDT - Trade setup: Bake the cakeGreetings! I am looking to enter a nice 1:4 RR sell setup for CAKE that has some good potential ahead. So, as you can see on my chart, we broke an important level on the 4H TF and afterwards we started to drop. That move was a price manipulation to get some sellers out of the game. After this 4H bearish wave the price started to pullback and it looks like it is preparing for another drop. My TP areas will be around the 1H demand zones highlighted on the chart. Trade details: Entry: 3.922 SL: 4.035 TP1: 3.469 TP2: 3.320 RR: 1:4/1:5 Risk: 1% account balance Trade with care. NFA
Short
by AlexAnastasescu
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.
by MonoCoinSignal
3
CAKEUSDT...are you ready from some baking lessons?BINANCE:CAKEUSDT so here we go...we have a lot of opportunities today, but this one i think will make you a ZILLIONAIRE (i hope not). ……..…../´¯/)………… (\¯`\ …………/….//……….. …\\….\ ………../….//………… ….\\….\ …../´¯/…./´¯\………../¯ `\….\¯`\ .././…/…./…./.|_……_| .\….\….\…\.\.. (.(….(….(…./.)..)..(..(. \….)….)….)… ) .\…………….\/…/….\. ..\/……………./ ..\…………….. /……..\……………..…/ ….\…………..(…………)……………./ #STOP_BEING_POOR
Long
by meez_PremiumNOT
2
CAKE: Falling Wedge BreakoutPancakeSwap (CAKE) technical analysis: Trade setup : Bullish breakout from a Falling Wedge pattern, which could signal a trend reversal and upside potential to $4.00 resistance and 200-day moving average. Patterns : Falling Wedge It usually forms after a downtrend and suggests a potential bullish reversal in the original downtrend. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). Support and Resistance : Nearest Support Zone is $3.00. The nearest Resistance Zone is $4.00.
Long
by altFINS
Pancakeswap (CAKE/USDT) Close to Reclaim Levels Above $4Pancakeswap has been one of the popular crypto asset in the market. CAKE price has displayed acute strength ever since it formed its lows by the mid-June 2022. It was on its path to reclaim the lost levels, but the recent FTX-fiasco flipped the entire market flipped and fell into a deep bearish trap, from which the CAKE price is unable to make a comeback. However, the price is trying hard to set up a bullish outlook and hence is able to sustain above $3 despite extreme bearish pressure. The price rebounded finely from the 0.236 FIB levels around $3.2 and consolidating finely just above these levels but constantly failing to surpass the levels at $3.5, hence has become a pivotal zone to clear. Once these are cleared the next leg up may uplift the price beyond 0.382 FIB levels close to $3.7, beyond which the possibility of reaching $4 may emerge before the end of the yearly close. Besides, the volume has dropped miserably which may hinder the progress of the rally by lowering the pace. Therefore, CAKE price could have a bearish close provided bulls remain off-the-shore until the start of the fresh yearly trade.
by Coinpedia-Market-Insight
1