TradeCityPro | CAKE: Triangle Squeeze Nears Breakout Decision👋 Welcome to TradeCity Pro!
In this analysis, I want to review the CAKE coin for you. This project is one of the crypto DEXs that operates on the BNB network and is among the most popular projects on that chain.
💫 This project’s token, CAKE, has a market cap of $747 million and ranks 95th on CoinMa
CAKE retesting done. Ready to fly?As we discussed earlier, NASDAQ:CAKE retested the resistance line successfully. Now it is ready to fly. If Bitcoin remains above 100k in the following weeks, we look forward to powerful fundamental news from Pancakeswap team (e.g. launching Pancakeswap V4) to send NASDAQ:CAKE price to the moon.
Pancake Swap (CAKE): Had a Good Breakout, Aiming For Upper AreaCake coin has done a nice upward movement since last touching the supportive trend, where the price has made so far 25% of the market price movement. We are now aiming to see the price reach as high as $2.90, from where we will be looking for smaller corrections to lower zones.
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Will $cake blove minds?The NASDAQ:CAKE , which is the official token of the most familiar decentralized exchange on BSC (Pancakeswap), is now broke the symmetric triangle on its USDT chart from the top side. Taking into account exciting fundamental news about launching Pancakeswap V4 in a couple of weeks, I think it will
CAKEUSDT Pump📊 On the 4H BINANCE:CAKEUSDT chart, price has broken above the mid-term channel resistance and is currently pulling back. If the support zone holds, there’s potential for continuation toward higher resistance levels. A bullish reaction from the 2.299 USDT area could validate the next leg up.
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CAKE/USDT | Rising Wedge ⇒ Supply-Zone ShortCAKE/USDT | Rising Wedge ⇒ Supply-Zone Short
Building on Prior Success
Following my May 1 CAKE/USDT forecast—view it here:
—which itself was rooted in the April 6 trend-rebound call that delivered a 38% gain:
📈 Market Structure
Pattern: Well-defined rising wedge since early April (blue
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current price of CAKEUSDT SPOT (CAKE) is 2.478 USDT — it has risen 3.45% in the past 24 hours. Try placing this info into the context by checking out what coins are also gaining and losing at the moment and seeing CAKE price chart.
CAKEUSDT SPOT price has risen by 3.19% over the last week, its month performance shows a 27.87% increase, and as for the last year, CAKEUSDT SPOT has decreased by −13.01%. See more dynamics on CAKE price chart.
Keep track of coins' changes with our Crypto Coins Heatmap.
Keep track of coins' changes with our Crypto Coins Heatmap.
CAKEUSDT SPOT (CAKE) reached its highest price on Apr 4, 2022 — it amounted to 10.426 USDT. Find more insights on the CAKE price chart.
See the list of crypto gainers and choose what best fits your strategy.
See the list of crypto gainers and choose what best fits your strategy.
CAKEUSDT SPOT (CAKE) reached the lowest price of 1.050 USDT on Oct 18, 2023. View more CAKEUSDT SPOT dynamics on the price chart.
See the list of crypto losers to find unexpected opportunities.
See the list of crypto losers to find unexpected opportunities.
The safest choice when buying CAKE is to go to a well-known crypto exchange. Some of the popular names are Binance, Coinbase, Kraken. But you'll have to find a reliable broker and create an account first. You can trade CAKE right from TradingView charts — just choose a broker and connect to your account.
Crypto markets are famous for their volatility, so one should study all the available stats before adding crypto assets to their portfolio. Very often it's technical analysis that comes in handy. We prepared technical ratings for CAKEUSDT SPOT (CAKE): today its technical analysis shows the strong buy signal, and according to the 1 week rating CAKE shows the buy signal. And you'd better dig deeper and study 1 month rating too — it's buy. Find inspiration in CAKEUSDT SPOT trading ideas and keep track of what's moving crypto markets with our crypto news feed.
CAKEUSDT SPOT (CAKE) is just as reliable as any other crypto asset — this corner of the world market is highly volatile. Today, for instance, CAKEUSDT SPOT is estimated as 7.34% volatile. The only thing it means is that you must prepare and examine all available information before making a decision. And if you're not sure about CAKEUSDT SPOT, you can find more inspiration in our curated watchlists.
You can discuss CAKEUSDT SPOT (CAKE) with other users in our public chats, Minds or in the comments to Ideas.