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Pancakeswap

Cake, A Long-Term Theory (PancakeSwap)Hello Friends. How are you today ?! I hope you feel great and always be happy and successful. Do you agree that you can buy cake at a great price in this area? I have identified price reaction areas to this descending channel and drew circles in different colors. please focus on these colors. some of them mean reacting to the top of the channel (Green Circle). some of them reacted to the mid-line (Purple circle)and finally, I expect the price to touch the last red circle around 50 cents at the end of the correction. what do you think? You should look for a divergence at the End of the movement and then buy and hold for the long term. I think it's the best zone to buy. So, don't hesitate to buy in this zone. I tried to explain easily, fast, and understandable. Feel free to let me know in the comments section below! ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also, share your ideas and charts in the comments section below! ** Sincerely Yours Ho3ein.Mnd
BINANCE:CAKEUSDShort
by Sticky-Stock
2
🔥 CAKE Reversing From Massive Resistance: Great Risk-RewardOver the last few weeks I've made several bearish analyses on CAKE. This downwards spiral started mostly because of the April vote which investors hated. As far as I'm concerned, CAKE will only fall further. Apart from the terrible tokenomics, the rest of crypto is looking more bearish than bullish as well. We're placing the stop above the most recent highs, around 1.43, which is also the area where the resistance was last hit. Target at 1.00 since it's a big round number.
Short
by FieryTrading
5
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
🔥 RIP CAKE: Going To Zero?CAKE has been dumping very hard over the past couple of days. Where the market has seen a big bullish move, CAKE completely ignored it and continued going down. Why you ask? It has to do with a token unlock. Investors got their hands on 52-week staked tokens and sold them on the open market. Apart from the terrible looking technicals, the idea behind this unlimited supply (inflationary) token just doesn't perform well in bearish market conditions. If we will not see some kind of bounce from the June 2022 lows, I don't see any reason to be bullish on CAKE in the foreseeable future. In addition, we have to consider the fact that CAKE might have had it's peak and will slowly bleed to zero over time (which is not uncommon in crypto). Is this token going to die? Reversal when? Share your thoughts on CAKE🙏.
Short
by FieryTrading
11
What’s in Market about #PancakeswapCake/USDT Chart Analysis: Is It Time to Buy? Cake (CAKE) is a popular cryptocurrency that has been in the news lately due to its recent price movements. The coin has been experiencing pressure as investors are selling following the unlocking of tokens. This article will provide a detailed chart analysis of Cake/USDT and explore whether it is a good time to buy. Chart Analysis: As per the chart, Cake is currently trading at handle support. If it can hold this support, we can see an upward rally. However, it is recommended to wait for the market negative sentiments to settle before entering the market. If you decide to enter, the suggested buy level is around $2.5-$2.7. The pattern observed is a cup and handle pattern, which suggests that there is potential for the coin to increase in value. Long-term Targets: In the long term, Cake has significant potential for growth. The targets for Cake/USDT are $4.6, HKEX:8 , HKEX:12 , and $20. These targets are based on the analysis of the cup and handle pattern observed in the chart. Stop Loss: It is important to have a stop loss in place to minimize losses. If any daily candle closes below $2.30, it is recommended to exit the market to prevent further losses. Market News: Recent market news indicates that Cake has unlocked tokens, and investors are selling due to the broken promise of 200% staking reward, which was reduced to 46% after two months. This situation has created pressure on the coin, leading to a decrease in value. Takeaways: Cake is currently trading at handle support, and if it holds this support, an upward rally can be expected. The pattern observed is a cup and handle pattern, suggesting that the coin has potential for growth. The suggested buy level is around $2.5-$2.7. The long-term targets for Cake/USDT are $4.6, HKEX:8 , HKEX:12 , and $20. It is important to have a stop loss in place to minimize losses. Recent market news indicates that Cake has unlocked tokens, and investors are selling due to the broken promise of 200% staking reward. Conclusion: Cake/USDT is a cryptocurrency that has shown potential for growth in the long term. The current chart analysis suggests that it is a good time to buy, provided the coin holds the handle support. However, recent market news indicates that there is pressure on the coin due to the unlocking of tokens and broken promises. It is recommended to do your research, invest wisely, and always have a stop loss in place to minimize losses. Follow us for more Quality Content. Thank you.
by CryptoPatel
5
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
Pancake Swap Chart Analysis 9 Bearish Sentiment in Short Term )Technical Analysis of $Cake/USDT: The current trading price of $Cake is $3.81, and it is observed to be trading below the support level as per the 6-hour chart. The support level at $Pancake has now become a strong resistance level, and it is essential to monitor this level closely. If the price remains below the resistance level of $3.82, there is a high possibility of a bearish movement in $Cake. After the breakdown, it is expected to see a 17% downward movement from the current level, resulting in the target prices of $3.50 and $3.13. It is recommended to keep a close watch on the support levels, which are $3.50 and $3.13. However, if the resistance level of $3.82 is broken, the price may move upwards. It is also observed that the MACD is converting bearish as per the 6-hour time frame chart. If you find this analysis useful, please appreciate and share it with your friends. Kindly follow me for the latest real-time updates on cryptocurrencies. Thank you.
Short
by CryptoPatel
5
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