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Pancakeswap

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: Repeating Patterns or a Bullish Reversal?CAKE, the native token of the PancakeSwap decentralized exchange (DEX), has a history of forming and breaking trendline support levels, creating a pattern of potential reversals. This pattern raises the question of whether CAKE is poised for another downward move or a long-awaited bullish breakout. Historical Pattern of Trendline Breaks: January 2022: CAKE broke below a trendline support level in a manner resembling a bearish flag pattern, suggesting a potential downtrend. April 2023: CAKE once again broke below a trendline support level, reinforcing the pattern of potential bearish reversals. Current Price Action: CAKE is currently testing a critical support level, forming a pattern similar to the previous trendline breaks. This raises the crucial question: will CAKE follow its historical pattern and break down once more, or will it defy expectations and initiate a bullish reversal? Bullish Reversal Indicators: Despite the bearish trendline breaks, there are indications that CAKE may be poised for a bullish reversal: Accumulation Phase: CAKE has been accumulating within a defined range, suggesting a potential buildup of buying pressure. Positive Sentiment: The PancakeSwap DEX continues to attract users and generate volume, providing a fundamental basis for potential price appreciation. Conclusion: CAKE's price action presents a compelling scenario for both bears and bulls. While the historical pattern of trendline breaks suggests a potential bearish continuation, the accumulation phase and positive fundamentals hint at a possible bullish reversal.
by Yaroslav_Krasko
CAKE Set For a Breakout As PancakeSwap Announces $25 Mln BurnPancakeSwap, a decentralized exchange platform on the Binance Smart Chain, announced a token burn of over 8.9 million NASDAQ:CAKE tokens, collected from trading fees across Automated Market Makers (AMM) Version 2 and 3. The $25 million token burn likely helped the NASDAQ:CAKE price recover from recent losses. The DeFi token, which was initially valued at $2.808, rose nearly 3% on the day after the announcement. The DEX burned 8,924,466 NASDAQ:CAKE tokens worth nearly $25 million. PancakeSwap had collected 119,000 NASDAQ:CAKE worth $332,000 as trading fees for its AMM Version 2 and 160,000 CAKE worth $448,000 for its AMM Version 3. The DEX is integrated with market makers on Ethereum and Binance Smart Chain to help traders execute their trades at a relatively low cost. The DEX recently announced plans to redirect NASDAQ:CAKE emissions from farming pools to bribe locker protocols and boost the liquidity of the DeFi token for users, which has no impact on NASDAQ:CAKE supply since it simply redirects emissions to liquidity pools.
Long
by DEXWireNews
SasanSeifi 💁‍♂Potential for Significant Growth in the Long TermAs you can see in the chart, the price of CAKE has experienced significant growth after a period of decline and volatility. The price bounced back from the $1 support zone and has since experienced another minor increase after a pullback to the $2.50 demand level. The price is currently trading at $3.20. By examining the behavior of candles in the long-term time frame, we can expect the following for the future of this currency: If the $2.50 price range is maintained, we can expect further growth to the $4.50/5 liquidity zone and a new high above $4 (HIGH). The above image shows the possible long-term trend of CAKE and the desired targets. This trend indicates the significant growth potential of this currency in the long term. The important support zones are $2.50 and $1.70. This is not financial advice. Always do your research before making any investment decisions. Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌ if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌
Long
by SasanSeifi
28
CAKE/USDT > Highly Probable > Strong Bullish Weeks AheadHello everyone, first of all, please take a look at my recent ideas on the pair (CAKE/USDT) from back in FEB 5th: & March 7th: NOW, I can imagine two HIGH PROBABILITY scenarios with different timings yet exactly the same target for the near term future of (CAKE/USDT) both of which are drawn as paths on the chart. Scenario A: RED PATH / lower probability (30%) Scenario B: GREEN PATH / higher probability (50%) * what I clearly mean here is that there's a 20% chance for an unforeseen third path in which this idea is not valid anymore! ** please take the fact into account that PANCAKESWAP is of relatively small market cap and it's token's price is subject to strong fluctuations due to whale activity and big money moves. Have a great trading and always KEEP IT SIMPLE...
Long
by Ariyan_G
PancakeSwap Price Spike as DEX Burns $35 Million $CAKE TokensPancakeSwap, the decentralized exchange (DEX) synonymous with the Binance Smart Chain (BSC) ecosystem, has ignited a flurry of excitement in the cryptocurrency community with its recent strategic maneuvers. As the platform burns over 8.7 million NASDAQ:CAKE tokens worth a staggering $35 million, investors eagerly anticipate the implications for both PancakeSwap and its native token, $CAKE. The decision to burn NASDAQ:CAKE tokens, a practice aimed at reducing the circulating supply and enhancing scarcity, underscores PancakeSwap's commitment to value creation and sustainable growth. By incinerating fees collected across various platforms, including V3, V4, NFTs, games, and Automated Market Makers (AMM), PancakeSwap not only bolsters the token's scarcity but also redistributes value back to its community of users. The CAKE token's price surged nearly 3% in response to this bold move, reflecting investor enthusiasm for PancakeSwap's proactive approach to tokenomics. However, the rally isn't solely attributable to the token burn; PancakeSwap's strategic collaboration with Stryke, a decentralized options exchange, adds another layer of excitement to the mix. The introduction of CLAMM Options Trading, a joint initiative between PancakeSwap and Stryke, marks a significant step forward in expanding the platform's utility and attracting a broader audience of DeFi enthusiasts. With the ability to trade options, provide on-chain liquidity, earn premiums, and swap fees on Arbitrum, PancakeSwap users are poised to access a diverse array of financial instruments and opportunities. Despite recent volatility that saw CAKE token experience a dip of nearly 13% over the past week, Monday's gains signal a potential turning point for PancakeSwap. As the platform embarks on its recovery journey, fueled by strategic partnerships and innovative tokenomics initiatives, investor confidence in PancakeSwap's long-term prospects remains palpable. At $4.021 per token, NASDAQ:CAKE 's resilience amidst market fluctuations underscores its status as a formidable player in the DeFi landscape. With PancakeSwap's unwavering commitment to innovation and value creation, the future looks promising for both the platform and its vibrant community of users. As PancakeSwap continues to redefine the boundaries of decentralized finance (DeFi) and pave the way for a more inclusive and accessible financial ecosystem, investors eagerly await the next chapter in this groundbreaking journey.
Long
by DEXWireNews
CAKE/USDT in a Position For a Bullish Reversal? 👀CAKE Analysis💎Paradisers, let's dive into #CAKEUSDT as it's positioning itself for a bullish rebound off its support zone, indicating a potential upward shift. 💎With #PancakeSwap moving within an ascending channel pattern, it's approaching a critical moment at the $2.54 support level. The observed reduction in volume at this juncture suggests a continuation of the bullish trend from $2.54, with an increase in volume hinting at a possible momentum change. 💎However, if #CAKE's price dips below this key support, it's time for a strategic shift. We're bracing for a bullish bounce off the lower support at $1.78. A failure for NASDAQ:CAKE to mount a bullish effort from this point could lead to further decline. 💎Keeping a pulse on the #CAKE market movements and being ready to tweak our strategies is crucial as we steer through its unfolding patterns.
Long
by MyCryptoParadise_Simon
CAKE UPDATE (6H)This is an update to the analysis you see in the "Related Ideas" section The diametric that we considered for CAKE in the previous analysis is running. We are looking for buy/long positions on the green range. The targets are clear on the chart Closing a daily candle below the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
CAKE - Dessert is getting ready, prepare your platesThe CAKEUSDT pair came out of 178 days of long accumulation in the zone of 1.04$ to 1.6$. it finished its first wave of price surge and getting the healthy retracement which has gone deeper into the fib levels. Thus, creating a very healthy low risk and high reward setup. on daily there is a small bearish divergence that is being played right now and soon it will be over. entry: 2.9 - 2.5 $ zone the targets for the coin are: 1. 5.5 2. 9.5 long term: 3. 18 4. 28 5. 36 6. 45 7. 60
by crypto_gambler_
3
CAKE buy/long setupThis symbol has a structure that can pull back upwards. We have an ascending CH on the chart and the TL (trend line) is broken. I marked the TPs on the chart. When the price reaches tp 1, place the stop on the entry. If CAKE reaches the white FVG range, we will look for buy/long trades. Do not enter the position without setting stop and capital management. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
Long
by behdark
A Dive into the Burn of 8,740,957 $CAKE Tokens worth $25 MlnPancakeSwap's Fiery Transformation In a surprising turn of events, PancakeSwap, one of the leading decentralized finance (DeFi) platforms on the Binance Smart Chain (BSC), has just executed a massive token burn, incinerating a staggering 8,740,957 NASDAQ:CAKE tokens, equivalent to a jaw-dropping $25 million. This unprecedented move has left the crypto community buzzing with speculation and excitement. The Burn Event: On 8th January, 2024, PancakeSwap's blockchain explorer, BscScan, unveiled a transaction hash (TxID: 0xdddb22d7af19a36fa92342a9bc5c2bf82a6e3b8a843abcfbd45ac261c5e7ebb8), providing irrefutable evidence of the burn. The burn event is a strategic move by PancakeSwap to reduce the total supply of NASDAQ:CAKE tokens, thereby potentially enhancing their scarcity and value. Unpacking the Numbers: The burned 8,740,957 NASDAQ:CAKE tokens represent a significant portion of the total supply, and with the current market capitalization of PancakeSwap, this move could have profound implications. The token burn is not only a testament to the platform's commitment to its community but also a strategic maneuver to counter inflationary pressures and maintain a healthy ecosystem. Implications for NASDAQ:CAKE Holders: For existing NASDAQ:CAKE holders, this burn event may result in a positive impact on the value of their holdings. The reduced supply could potentially lead to increased demand, fostering a more favorable environment for price appreciation. The burn sends a clear signal to the market that PancakeSwap is actively managing its tokenomics to create long-term value for its community. Community Response: The crypto community, always quick to react to significant events, has expressed a range of emotions following the news of PancakeSwap's massive token burn. Social media platforms, forums, and chat groups are buzzing with discussions, analyses, and predictions about the potential market response. Some see it as a bullish signal, while others are eagerly awaiting PancakeSwap's official statements regarding the motivations behind the burn. PancakeSwap's Vision: PancakeSwap has been a pioneer in the DeFi space, offering a user-friendly platform and a wide array of features, including decentralized trading, staking, and yield farming. The recent token burn aligns with the platform's commitment to innovation and sustainability. It highlights PancakeSwap's dedication to creating a robust and valuable ecosystem for its users. Conclusion: PancakeSwap's decision to burn a substantial number of NASDAQ:CAKE tokens has injected a new level of excitement and anticipation into the crypto community. As the aftermath of this burn event unfolds, all eyes are on PancakeSwap to provide further insights and guidance on the potential impact on its ecosystem. The journey ahead for NASDAQ:CAKE holders promises to be an intriguing one, filled with opportunities and challenges as PancakeSwap continues to shape the future of decentralized finance on the Binance Smart Chain.
CRYPTO:CAKEUSDLong
by DEXWireNews
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
$CAKE Jumps 5% on Proposal to Slash Token Supply by 300 MillionPancakeSwap's CAKE token jumped by 4% following the proposal, which would see its maximum supply reduced from 750 million to 450 million. NASDAQ:CAKE , the native token of decentralized exchange (DEX) PancakeSwap, is up by almost 7%, following a proposal to reduce its maximum token supply. According to data from CoinGecko, PancakeSwap's NASDAQ:CAKE is currently trading at $3.71, up 6.8% on the day and 40% in the last seven days. The proposal to slash the maximum supply of CAKE by 300 million to 450 million has garnered widespread support from the community of token holders, with over 90% voting in favor so far. Despite its overnight jump, CAKE has a long way to go before it can reclaim its all-time high of nearly $44, posted in April 2021. The move caps off a busy few months for PancakeSwap. In August 2023, it expanded to the Coinbase-incubated Base layer-2 network, and Ethereum layer-2 scaling network Linea, as part of an ongoing multi-chain expansion by the PancakeSwap team. Last month, the DEX launched its own crypto gaming marketplace with tower defense game Pancake Protectors and city-building sim Pancake Mayors as the launch titles. PancakeSwap is currently the third-largest decentralized exchange by volume, accounting for $500 million worth of trades in the past day, according to CoinGecko. The total volume on decentralized exchanges, $5,726,720,165, currently accounts for 5% of all crypto trading, according to the crypto price aggregator.
Long
by DEXWireNews