Good News from CAKE! The long-term BINANCE:CAKEUSDT channel is broken!
We have to wait for the completion of pullback. 75% profit can be obtained!
CAKEUSD trade ideas
CAKE IS BULLISHIt looks like the CAKE symbol is inside a large diametric and has now completed a large bearish wave. Now for E branch it can move up. The target is somewhere inside the yellow circle.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
🚀📉 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
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
BREAK DOWN before DROP then EXPLOSIONCAKE has a good chance of making one last leg down before hitting a good Buy Zone ($1.20 - $1.05)!
I’m not a big fan of support lines, but this one has some validity especially since the MACD is losing momentum.
Then the next move we may see some serious green candles to the upside.
Follow me for more of my content!
I like to keep my analysis simple and clean.
Feel free to check out my other posts!
CAKE📊 #CAKEUSDT
⏱ TIME: 1W
📝It is reaching very important areas for spot purchases, and you can make purchases in a gradual and managed manner.
📍The initial buying limit: 1.18 $
📍The second buying limit: 0.47 $
📌TP1: 2.47 $
📌TP2: 5 $
📌TP3: 12.2 $
📌TP4: 43 $
CAKE📊 #cakeusdt
⏱ TIME : 1W
📝It is reaching very important areas for spot purchases, and you can make purchases in a gradual and managed manner. It has also been checked for fundamental analysis and is a sustainable and strong project for the future.
📍The initial buying limit: 1.18 $
📍The second buying limit: 0.47 $
📌TP1 : 1.45 $
📌TP2 : 2 $
📌TP3 : 2.9 $
📌TP4 : 5.5 $
Potential Bottom For PancakeSwapAfter several weeks PancakeSwap experienced bearish, now we can see the bottom in 1.8. This level can influence people to buy and increase the price to the potential level in 2.9. But if it break the yellow line, it will fall to 1 - 1.04.
CAKE 1D SHORTPancakeSwap token does not look good...
With recent FUDs, I think it has started this downtrend a bit sooner than the rest of the market and it's heading towards the Weekly Base. Retracements of this coin, can be option for build up sell positions.
PancakeSwap Next Step Probability 2.5 - 2.6 is the last strongest support since 2021. I think if the price break this support, it will going to 0.9 to 1.5.
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
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
80% rais is possible?Two upward corrective waves were made, and a final C wave remains, five waves ascend, of which wave one and wave two have ended, and three final waves remain.
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.
$10 a Cake soon or late !Right now CakeUSD built a Bullish flag pattern with break out of the channel prise could rise at least as high as the channel's width !
Rising Triangle in downtrend - BullishAs all of you know already , if the ascending triangle pattern happen in the downtrend channel then there is more than 60% possibility to reverse the trend and break the triangle up!
[UPDATE CAKE] What can happen?Cake move:
Short term:
1) small pump up to 5.5-6$, deviation, dump
2) dump to the mid-range of the small range (3.5$), pump to 8-9$, then dump
Long term:
1) deviation, consolidate in the 1.5-2.5$ range, initiate new pump
2) consolidate in the 1.5-2.5$ range, final dump to Jan 2021 prices, consolidation, initiate new pump
This is true for cake and for many other alts.
$CAKE DAILYCAKE daily
poised to run hard if $BNB does too imo. Has been a market outperformer since June. This chart looks too good. Algo likes it in every way for the first time since August 2021. Fundamentals+Technicals in crypto is rare, but cake has it as Binance Chains #1 DEX doing hundreds of millions of dollars of USD revenue every day. 3 BILLION USD TVL.
I love cake but bearish cake no Cake is coming to Aptos is a bullish news but currently the charts shows me that we are going all the way down for a long walk along side other altcoins and bitcoin… so I’m currently bearish on $cake pancakeswap
💡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 ❤️
💡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 ❤️
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.
$CAKE LONGBouncing off the volume shelf in favor of the bulls. One of the few crypto’s with an actual utility as the biggest DEX on the biggest exchange (Binance). No liquidity until 60% higher soon. RSI Breakout ready as well. GLTA
