CAKEUSDTNot an investment recommendation. This chart was made for personal study and personal use only. If you liked the idea, please like it. If not, write why. In my humble opinion, the price will go up.
CAKEUSDT.P trade ideas
CAKEUSDTCAKEUSDT is in potentially bullish phase there is no divergence in RSI which indicates that there is no reversal from here.
We take trade at CMP.
CAKE longCAKE bounced off the ascending trendline and bounced off the support level. Bullish movement to resistance level at 1.59 is expected to happen.
CAKE/USDTNASDAQ:CAKE great trade tbh
I would wait for white dashed line break out to enter a long.
if market shits itself buy support.
CAKE GLOBAL1. Zone 18-27 Global accumulation zone for any coin.
2. The volumes at these prices have taken (in addition, we look at the data on whale wallets. Binance aggressively accumulates the coin. I don’t believe in Binance scam.)
3. The first goal of fixing the entire balance of coins or some part-zone 61.8
Now thoughts specifically in the current situation And why I globally believe in the growth of this coin:
1. In my opinion, this is the best DEX.
2. The limited issue and constant updates are made
3. Protector Binance (BNB falls - CAKE falls. There is a dependence. Bulran is a global similar dependence. We look at how it accumulates the BINANCE coin)
why the price fell (the opinion is subcity):
1. What Changes in the coin token and a decrease in remuneration were known. After unlocking in stake-mass sale. (Although it is still the best interest in DEX)
2. In its time there were large rewards, which means you need to knock out weak hands to the end and completely kill faith in the coin. I admit a trip to 0.8-1.1 $
Globally:
1. Waiting for ATH achievements. I consider the limit of waiting or the price of the price of $ 70. I will fix as the start of 61.8 in Fibonacci, as I said.
2.Bullrun. I am waiting for the peak of prices: September 2024-March 2025.
From the classic one on the time a cup with a handle))) I do not use the classic but suddenly interesting)))))))))))))))))))))))))))))))))))))))))))
Cake Possible Playout Next 1 Week The crypto asset Cake is considered to have the potential for an increase, although not substantial, due to the high DEFI and token inflation, as it is distributed directly to stakers or farmers. With excessive inflation, it is predicted that DEFI tokens will tend to move downward. Despite its dominant downward movement, Cake has the potential for a pullback to its minor resistance area around $1.607, with a good entry point being at the price range of $1.528 or $1.459 as a second entry point. #dyor (Do Your Own Research).
cake buyBINANCE:CAKEUSDT now giving us a long position chance , the stop loss is very small and thats worth it
CAKEUSDTThe crypto is forming an inverted H&S, will be valid by violating 1.755 which will open a target for around 2.00
Cake versus Bnb which one provides investment opportunities now?Let's compare and contrast Cake (CAKE) and Binance Coin (BNB) as investment opportunities:
Utility and Use Cases:
CAKE: Cake token is primarily associated with PancakeSwap, a decentralized exchange (DEX) on the Binance Smart Chain (BSC). It offers DeFi services such as yield farming, staking, and token swapping.
BNB: BNB serves as the native token of the Binance exchange, one of the largest cryptocurrency exchanges globally. It provides various utilities, including trading fee discounts, participation in token sales, and access to Binance's ecosystem.
Market Capitalization:
CAKE: As of now, CAKE generally has a smaller market capitalization compared to BNB. Smaller market cap coins can have higher growth potential if the project gains adoption and achieves milestones.
BNB: BNB has a larger market capitalization and has already experienced significant growth, positioning itself as one of the top cryptocurrencies.
Revenue-Sharing and Staking:
CAKE: CAKE token holders can stake their tokens on PancakeSwap and earn a portion of the transaction fees generated by the platform, providing a passive income stream.
BNB: BNB offers periodic token burns, where Binance uses a portion of its profits to buy back and burn BNB tokens, potentially increasing the token's value over time.
Network and Transaction Fees:
CAKE: PancakeSwap operates on the Binance Smart Chain, which generally offers lower transaction fees and faster confirmation times compared to the Ethereum network. This can attract more users and liquidity to the platform.
BNB: BNB operates on the Binance Chain and Binance Smart Chain, benefitting from the infrastructure and ecosystem provided by the Binance exchange.
Governance and Community Engagement:
CAKE: CAKE token holders have the opportunity to participate in the governance of PancakeSwap, influencing decision-making processes such as protocol upgrades or changes.
BNB: BNB holders can participate in the Binance Smart Chain's on-chain governance, allowing them to vote on proposals and contribute to the ecosystem's development.
Ultimately, the choice between CAKE and BNB as investment opportunities depends on individual preferences and investment strategies. CAKE offers exposure to the PancakeSwap DeFi ecosystem, potentially providing opportunities for growth and passive income. On the other hand, BNB benefits from being the native token of a leading cryptocurrency exchange and offers a wider range of utilities within the Binance ecosystem. It's essential to consider factors such as risk tolerance, project fundamentals, and overall market conditions when making investment decisions.
Ten VERY strong Reasons to hold Cake for long timeWhile I can provide you with a list of 10 potential reasons to consider holding Cake (CAKE) coin for a long time period, please note that investing in cryptocurrencies carries risks, and it's crucial to conduct thorough research and make informed decisions. The cryptocurrency market is highly volatile, and factors influencing prices can change rapidly. Here are 10 strong ideas to consider for holding Cake coin:
Growing DeFi ecosystem : Cake is the native token of PancakeSwap, a decentralized exchange (DEX) and automated market maker (AMM) built on the Binance Smart Chain (BSC). PancakeSwap has gained popularity due to its lower fees and faster transaction speeds compared to other networks, attracting a growing user base and contributing to the expanding DeFi ecosystem.
Competitive advantages :
As one of the leading DEXs on BSC, PancakeSwap offers unique features, including yield farming, staking, and a launchpad for new projects. These advantages can contribute to Cake's long-term value proposition.
Revenue sharing:
Holders of Cake tokens can participate in the PancakeSwap platform's revenue sharing through staking. Staking Cake tokens allows users to earn a portion of the transaction fees generated on the platform, providing a potential passive income stream.
User adoption and liquidity:
PancakeSwap has witnessed significant user adoption and liquidity growth, offering a wide range of trading pairs and attracting liquidity providers. This liquidity and user base can support the long-term stability and utility of Cake tokens.
Expansion into new markets:
PancakeSwap has expressed its plans to expand beyond the BSC network, aiming to tap into other blockchain ecosystems. Such expansion efforts can potentially lead to increased adoption and use cases for Cake tokens.
Community support:
PancakeSwap and Cake token have a vibrant and active community, which can play a crucial role in driving the platform's development and adoption. Active community engagement often leads to the growth and sustainability of cryptocurrency projects.
Partnerships and collaborations:
Strategic partnerships and collaborations with other projects and platforms can enhance the utility and visibility of Cake tokens. Keep an eye on any potential collaborations that PancakeSwap may establish, as they could have a positive impact on the value of Cake.
Market demand for DeFi:
The decentralized finance (DeFi) sector has experienced significant growth and popularity, offering various financial services such as lending, borrowing, and yield farming. As DeFi continues to evolve and gain mainstream recognition, Cake's role as a key token within the PancakeSwap ecosystem may benefit from increased demand.
Technological advancements:
PancakeSwap and Cake tokens can benefit from ongoing technological advancements in the BSC ecosystem. Improvements in scalability, interoperability, and security can enhance the user experience and attract more participants to the platform.
Overall cryptocurrency market growth:
The cryptocurrency market as a whole has witnessed substantial growth over the years, with increasing institutional adoption and mainstream recognition. As the market continues to expand, it can positively impact the value of various cryptocurrencies, including Cake, assuming it maintains its competitive position.
Remember, these points are not investment advice but rather potential factors to consider when evaluating the long-term prospects of Cake coin. It's essential to perform your own research, assess the risks involved, and consider your individual financial goals and risk tolerance before making any investment decisions.
CAKEUSDTHello Crypto Lovers, This is a 4H frame analysis for CAKEUSDT The price has reached our support line and we expect it to support the price again and move towards its resistance line which it has attempted to break several times but has not been able to sustain above it. Keep in mind that if the price is unable to support and sustain below the support line with multiple candles, we can expect further decline. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
What if Cake does this?I have been talking about cake all this while. Now Cake has this big falling wedge with 8$ in view as Target on daily timeframe. Can we envisage 8 dollars for Cake before December or Cake is doomed for complete collapse? Let us hear from us and let us see how it goes. Remember they used to say buy when others are scared and selling AND sell when others are caught with greed and buying. Do your own research. Trade responsibly
CAKE/USDT Breakdown on Trend! Hey traders 👋
CAKE is going for lower zones under the breakdown zone. Keeping an eye and so should you guys. We might have a nice fall here!
If we see this kind of struggle more then there is a good chance for a drop to happen!
If you like ideas provided by our team you can show us your support by liking and commenting.
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Swallow Team
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
cake buyBINANCE:CAKEUSDT we are almost on upgoing trend line , risk reward ratio is above than 3 , thats worth it, lets take it.
CAKEUSD ❕ decliningCAKE broke down 50EMA on the 4H TF.
The 50EMA has broken down 200EMA on the 1H TF.
The RSI chart is moving in a bearish zone (4H, 1H and 30m TFs)
I think the asset will continue to decline after fixing below the support level.
short CAKENASDAQ:CAKE broke through the short term ascending trendline after rejection at major resistance areas. Decline to support level at $1.41 is likely to happen.
CAKEUSD Short term break out at $1.601 - Fast profit of 3%After a lot of time I was interested to see the CAKEUSD pair and see what is going on there.
As it is normal, NASDAQ:CAKE follows the same pattern as CRYPTOCAP:BNB does due to the recent news and all the turbulance that exist in all the crypto market and more specifically to BSC ecosystem.
It is very interesting however to examine CAKEUSDT chart and see the potential profits that can provide to us.
Right now, NASDAQ:CAKE moves around $1.558 which is on the low boarder of this graphic - the support.
In the hourly chart this might tought the price of 1.57 and then hit the resistance of $1.601.
SL is the price of $1.544 where a new analysis of the chart will be needed there.
Let me know your opinion on NASDAQ:CAKE charts!! COMMENT BELLOW!
Happy gains to all!
🔥 CAKE Is Done Dumping? Amazing Risk-Reward Bounce PlayOver the last few months I've made several CAKE analyses where I discussed the massive dump that this token was experiencing.
Like mentioned before, I think that CAKE as an asset is dead, but that doesn't mean it can't offer good trading opportunities.
This trade is based on the assumption that CAKE will reverse sharply after the crazy April & May dump. I'm fairly certain that CAKE will never see a new all-time high again, but a 2x from here is certainly in the cards, especially with a bullish Bitcoin.
I'm waiting for CAKE to close above the most recent high of 1.67, stop below the swing lows and a target of 3.50, roughly where the dump started.
CAKE/USDT - CakeDAO: BBand_Breakout◳◱ A Bollinger Band breakout has been identified on the NASDAQ:CAKE / CRYPTOCAP:USDT chart. The price has moved outside of the upper Bollinger Band, indicating a potential bullish trend. The next resistance key levels are located at 1.47 | 1.538 | 1.69, and the major support zones can be found at 1.318 | 1.234 | 1.082. Consider buying at the current price zone of 1.462 and targeting higher levels.BBand_Squeeze
◰◲ General info :
▣ Name: CakeDAO
▣ Rank: None
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Poloniex, Mexc
▣ Category/Sector: N/A
▣ Overview: CakeDAO project overview is currently unavailable. I'll try to update this in the upcoming analysis.
◰◲ Technical Metrics :
▣ Mrkt Price: 1.462 ₮
▣ 24HVol: 8,569,931.380 ₮
▣ 24H Chng: 3.03%
▣ 7-Days Chng: N/A
▣ 1-Month Chng: N/A
▣ 3-Months Chng: N/A
◲◰ Pivot Points - Levels :
◥ Resistance: 1.47 | 1.538 | 1.69
◢ Support: 1.318 | 1.234 | 1.082
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: N/A
▣ Last 90D: N/A
▣ Last 1-Y: N/A
▣ Last 3-Y: N/A
◲◰ Volatility :
▣ Last 30D: N/A
▣ Last 90D: N/A
▣ Last 1-Y: N/A
▣ Last 3-Y: N/A
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.67 - Bullish
▣ Reddit sentiment score is 0.42 - Bearish
▣ In-depth CAKEUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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CAKE Bull Patience will Pay Off Potential is $2 upto $5 BreakoutCAKE has reached a support level that indicates accumulation, but it requires patience for the price to reach $2. Although CAKE experienced a breakout two days ago within a smaller range, it has undergone a retest of this breakout. To take advantage of potential pullbacks and enter the market, it is recommended to buy incrementally. The price needs to break the smaller box, as indicated by MT Pandora's Box, in order for the price to move. The bulls are currently preparing to overcome the resistance range at 1.48. If successful, the subsequent targets of 2 and potentially even 5 to 9 could be achieved, depending on the strength exhibited by these buyers. Currently, they are rebounding from the weekly support level of $1.3. It is advisable to exit any position below this level.
I will be constantly updating this post, so I encourage you to come back and check for updates. It's still a great opportunity to buy before it's too late. If you agree with this idea, please follow and click the "like" icon under this post. If you disagree, please comment below stating your reasons.
📈 🚨 #FREE MT BNB LONG TRADE SIGNAL 🚨📈
👉 🧿 ASSET: NASDAQ:CAKE (CAKE/USDT)
👉 🧿 ACTION: LONG
👉 🧿1st ENTRY PRICE: $1.352, 2nd Entry ; 1.388, 3rd Entry ;1.415
(Buy Incrementally)
👉 🧿 STOP LOSS: $1.292(Risky Stop $1.31)
👉 🧿 1st TAKE PROFIT: $2
2nd TP: $4.3 3rd TP: $5(Extended $0.8.4 And 10.84)
Remember to trade responsibly and always do your own research. Happy trading! 📈🚨
Cake finished cup and handle with Head and shoulders emerging noLooking at cake usdt at one day timeframe, the coin is right now completing cup and handle pattern destiny. The card on the table now is head and shoulders pattern by my keen observation. You can buy and hold some cake from here. Kindly do your own research too. I will keep you informed as soon as I notice another change.
Do well to support me.
🔥 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.
CAKEUSDTCAKEUSDT is bearish phase bearish continutation flag pattern is also form which means the trend is potentially going to continue.
