CAKE update #CAKE has a perfect pattern in long term I think it can make a big rise to the roof of the rising channel also the bearish waves are over this can cause a big rise !
CAKEUSD trade ideas
Cake is settlingBINANCE:CAKEUSD is trading at $2.5 and has local support near $2.2 to $2.0 from where lies most of the liquidity.
CAKEUSD (1W) - buy the dipHi traders,
Here it is my idea for a long position on CAKEUSD (1 week time frame).
the price hit a local high in March 2024 and hit another high in November 2024, now we can hope in a bear weak to have a bounce up after. The idea is to enter in the buy area, which is determined by the shadows of the last two candles. The best would be if the price will hit the SMA in the buy area and use it as a support too. The buy area is between 2.729 and 2.527.
We will put our first take profit at the level of the last high, at 4.613. The second take profit will be at 5.393, when the price hit a local high in November 2022.
Good luck!
Cake Usd | Just going downIf we set aside the aspiration of creating new highs and focus purely on the price behavior, there’s little appealing about this currency's performance. The market maker for this token appears to be notably weak.
In its previous move, if it had managed to break above the $5 level, we might have considered a bullish scenario. However, the reality is that many holders and investors have become disillusioned. The token's support cannot be sustained merely through promotional news on platforms like Telegram and Twitter.
Personally, I’ve placed trust in this currency multiple times, only to witness it reach new lows each time. The current monthly rejection candle suggests a potential move toward the half-dollar range, reflecting the market's negative sentiment.
Interestingly, their platform seems to generate sufficient income, which might imply that a lower token price is not necessarily detrimental to them. This perspective could align with their broader strategy, but it does little to instill confidence among the token’s investors.
This is not financial advice.
CAKE/USDT Long CAKE/USDT 4H Technical Outlook 🚀
🎯 Price Action:
Current Price: $3.36
Support Zone: $3.13 - $3.31 (Fibo 0.618 - 0.705)
This area is acting as a strong demand zone.
Resistance Levels: $3.55 (Fibo 0.5) and $4.58 (Key resistance level).
📈 Expected Scenario:
If the support zone holds, the price may first test $3.55.
A breakout above this level could lead to $4.58.
Breaking $4.58 opens the door for targets at $5.14 - $5.86.
⚠️ Key Levels to Watch:
If the support fails, the next zones to watch are $2.95 and $2.52.
RSI is showing signs of recovery, but increased volume is needed to confirm momentum.
📊 Summary: CAKE is gathering strength at key support and could trigger an upward move.
#CAKE #Crypto #Altcoin #TechnicalAnalysis 🚀
CAKE with a possibility of (+190%) growthCAKE is showing great momentum that could lead a rise up to +190% between $8 to $12. The monthly timeframe is favoring higher prices. The target is aug/sep 2021 highs where is an anchored vwap from the same highs and fibonacci levels from dec 2021 alongside with a monthly level in a strong resistance zone.
pancake swap next spike !here is the #pancake_swap pattern which is super bullish the market took the last liq at the wave 2 the pattern is exacly like solana at the bottom of its rising be aware of its next moves !
cake is going to moooon !#cake has a perfect pattern look at this analysis which i posted before
i think its the start of rising of this coin !
It is Christmass ! Let EAT some CAKE !As you can see A CUP And Handle Pattern Has been shaped ! so you know the next ?!
Always DYOR !
Marry Christmas ! Peace for our world !
PancakeSwap (CAKE)PancakeSwap is an automated market maker, a decentralized finance application that allows users to exchange tokens, providing liquidity via farming and earning fees in return. Cake's price rose as its popularity did; then cake entered a corrective phase, a long one. It seems cake's price is headed toward the Fibonacci's golden pocket 0.618-0.65 area. Let's see if price can reverse from this area or goes down further.
CAKE ROADMAP (1W)It seems that the CAKE token has likely completed a diatonic structure on higher timeframes and has transitioned into an ABC or potentially a more complex pattern.
Wave C of this new structure could initiate within the highlighted green zone. Wave C is anticipated to be bullish.
However, if a 3-day candlestick closes below the specified invalidation level, this analysis will no longer hold valid.
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
$10 a Cake soon or late !Right now CakeUSD built a Bullish flag pattern with break out of the channel prise could rise at least as high as the channel's width !
Cake updateDex is a narrative of the bullrun and we haven’t seen it actually or at least it’s intensity so we’re gonna stick to the cakes we accumulated, we have the green box which is the most amazing price if we ever touch again tho it’s unlikely and the tps which the last one is somewhere close to 20 which is my highest guess tho I can’t tell if we go higher or not but i keep you updated in the path .
Stay safe
CAke, now wave 2Looks like cake is going to make a wave 2 to the 382 fib.
From there ill jump in to finish the wave 3
PancakeSwap _ Wedge Pattern Breakout _ Biggest Profit (+1,282%)Falling Wedge Pattern formed and Breakout and also reached 0.6 Fibonacci Retracement level. Now going to Uptrend and Resistance level is the 1st Target. Offering a chance to Achieve Biggest Profit of (+ 1,282%) Percentage. This is Long-Term Analysis, must follow the Trend Continuation Technique. Guess the 3rd Target ?????
Follow & Support me; I want to Help People Make PROFIT all over the "World".
Cake , fasten your seatbelt Dexs will be a top narrative amid bullrun and one of my top picks will be the cake , my tp for the altseason be around 22$ which is close to 1k profit .
Green rectangle will be super buy .
Dyor
CAKE: Will it go back to $1.50?Pancakeswap was originally built on the BNB Chain and allows users to trade tokens without using a centralized exchange. It provides an array of products, such as:
An exchange to swap tokens
A yield farm to earn rewards
Syrup pools to stake CAKE tokens
Ethereum liquid staking (wBETH) and simple staking
Pancake Protectors game
v3 position manager (new feature)
A prediction market
Initial Farm Offering (IFO) token launches
A bridge to bridge CAKE to Ethereum and Aptos
A lottery
An NFT marketplace
CAKE is about to give one HUGE birthday surpriseChart is marked with targets
Yes, I realize the targets that I've marked
When it crashes, it might be BIG.
It won't make it to 25 without retracing on the way up.
I could see it top out around 6.9 in an alt coin pump
Personally, I'm quite bullish on this coin.
CAKEUSD/PANCAKESWAPHello fellow traders and investors, from a Dollar of NASDAQ:CAKE price rise to 3$, Not explaining too much, this is only my POV on charts, we might test first 12$.
I will update once price goes there, Trade it or Buy it.
This is not a financial advice, Follow for more.
We are not in bearish. but the index still high on crypto, around 70+
So either you hold it or leverage it.
PANCAKESWAP #CAKE Bull Flag pointing to ~ $7Cake is the yield farming incentive token and major LP pair on Pancakeswap
And was a major winner in the last cycle
People were buying Rolex's off cake rewards from pools alone!
So it's bear market is clearly over.
And the chart appears a #DEFI season is upon us.
Current price action suggests a Bull flag.
Entry points matter - but bull markets correct mistakes if you are long.
Good luck to all.
Cakeusd weekly To the MoonAccording to our analysis of the BNB/USD chart and the Cake/BNB ratio,
It can be expected that the price in the Cake/USD chart will continue its wave C to the range of 200-600 in the weekly time frame in the form of a three-wave ABC.
Target: 100-200-400-600
CAKE → Three Pushes Up! Will We Reverse to $2.84? Let's Answer.CAKE (Pancakeswap) completed its third push to the upside and rendered four Daily candles in a row with large wicks on the top. Today's close marks the fifth. Does that mean we're in for a drop?
How do we trade this? 🤔
I believe a pullback here is imminent. That doesn't mean a short is justified, we are in a bull trend and our bias should remain long. However, the short-term signals like the three legs, 5 wicks on top, and a high RSI all indicate a pullback is here.
It's reasonable to short this on a lower timeframe like the 1HR but on the Daily, we should be looking for a long. Wait for the price to come back down to the $2.84 area and find support. We need to see a strong buy signal and confirmation bar to justify an entry. I caveat this proposal with the state of the crypto market as a whole, it's a pivotal moment that could spell a reversal which will likely drag CAKE down with it.
In summary, zoom into the 1HR timeframe to find a short, wait for a long entry opportunity at $2.84 per my description above.
💡 Trade Idea 💡
Long Entry: $2.937
🟥 Stop Loss: $2.64
✅ Take Profit: $3.53
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Bull Channel with three pushes up, large wicks on third push.
2. Gap to Daily 30EMA.
3. Don't enter a trade here, need more price action.
4. RSI at 75.00 and above Moving Average. Supports Pullback.
5. Crypto Market at Pivotal Moment, Consider Reversal Possibility.
💰 Trading Tip 💰
You can trade any candle on the chart, the question is what trades are more worth your while and fit with your personality traits. First, understand how to analyze a chart, then understand yourself and how you best interact with your analysis such that you make money.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
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