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CAKEPERP trade ideas

🚀📉 CAKE/USDT Falling Wedge Setup with Weekly Bullish DivergencHey Traders! 📣 Exciting news on the CAKE/USDT chart! We're eyeing a potential short-term setup with the falling wedge pattern! 🍰💰 📊 Technical Analysis: Falling Wedge Pattern ✅ Weekly Bullish Divergence ✅ Potential Breakout Soon! 🚀 🎯 Entry Point: Consider an entry upon a breakout above the upper wedge trendline. 🎯 Short-Term Take Profit Targets: Target 1: Around $2 🎯 Target 2: Around $3 🚀 Target 3: Around $30 (Completion of the Wedge) 🍰📈 🛑 Stop-Loss: Implement a stop-loss strategy to manage risk effectively. 📅 Timeframe: Keep a close watch on this setup as it develops in the short term. 📈 Bullish Potential: Falling wedges often lead to rapid bullish moves, and the weekly bullish divergence adds to the excitement! Remember, trading involves risk, and it's essential to conduct your own research and manage your risk accordingly. Let's keep a close eye on CAKE/USDT and aim for those sweet short-term gains around the trendline resistance! 🍰📉💰 Happy Trading! 🚀📉🤞 #Crypto #TradingView #TechnicalAnalysis #FallingWedge #ShortTermTargets
CRYPTO:CAKEUSDLong
by STP_MrNodeItAll
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
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
CAKE Shorts, Unlimited supply tokenPancakeSwap is a decentralized cryptocurrency marketplace that runs on Binance's BEP-20 network. PancakeSwap is the largest decentralized marketplace on the BEP-20 network. Many crypto asset projects use pancakeswap as their primary option to list their tokens for listing and add liquidity. However, the weakness of this token is that the supply is not limited, so that the supply circulating in the future will be more and more. Currently CAKE is in the symmetrical triangle area and no breakout has been confirmed. However, CAKE's move has bounced off the resistance line at $3.8 and is about to try to test its support line at $3.6. potential decline of 5.6% that will occur. For now it's better to wait and see
BINANCE:CAKEUSDShort
by Cozybanana78
4
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
💡Don't miss the great buy opportunity in CAKEUSD @PancakeSwapTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (4.606). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CAKEUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 65. Take Profits: TP1= @ 4.822 TP2= @ 5.076 TP3= @ 5.549 TP4= @ 6.235 TP5= @ 7.138 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BINANCE:CAKEUSDLong
by ForecastCity_World
4
💡Don't miss the great buy opportunity in CAKEUSD @PancakeSwapTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (4.606). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CAKEUSDT is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 65. Take Profits: TP1= @ 4.822 TP2= @ 5.076 TP3= @ 5.549 TP4= @ 6.235 TP5= @ 7.138 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BINANCE:CAKEUSDLong
by ForecastCity
2
Cake - A Breakout is duePancecake Swap token got rejected in area $5, a resistance area formed during the crash of May - June, when the price plummeted to its multi-year low at ~$2.5 price per token. Over the course of the past 4 months, Cake has been able to grow +100%, pushed by a positive momentum generated from the additional commitment from several investors in the platform and overall solid and steady investor appetite. In September, Cake broke a long term bearish trend-line in area $4.4 and was attempting to touch the short-term bearish trend-line from April highs before getting rejected from the resistance in $5 area. Depending on market conditions, would be likely of a minor correction from here to area $4.2 before trying to break out past area $5.
BINANCE:CAKEUSD
by crypto_angelz