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CAKEUSDT trade ideas

Mock Up Price Action for CAKE | Mid Term (12HR)Mock Up Price Action for BINANCE:CAKEUSDT | Mid Term (12HR) - Watching and waiting for opportunity to enter short Personal Approach & Base Chart Setup - Stacked Parallel Channels for Grid of Confluence Points - High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles - Red Filled Horizontal Rectangles between areas of major Fib level from Extensions and Retracements - Price Label Callout with Red Circle highlighting points of interest where I'd consider making a trade - I will consistently monitor and adjust taking into consideration long/mid/near term price action and market conditions/news
Short
by Trevictus
CAKE Signals Green: Buy Now, Thank Me Later!"**Fundamental Analysis of PancakeSwap (CAKE)** PancakeSwap (CAKE) is a decentralized exchange (DEX) built on the Binance Smart Chain (BSC). It is the second-largest DEX by trading volume, and it has been praised for its user-friendly interface and its wide range of features. CAKE is the native token of PancakeSwap, and it is used to incentivize liquidity providers, reward token holders, and power the exchange's governance system. **Recent News** * **August 30, 2023:** PancakeSwap announced that it is expanding to the Coinbase-incubated Base Network. * **August 9, 2023:** PancakeSwap deployed on the Ethereum scaling network Arbitrum. * **September 19, 2023:** PancakeSwap launched a new lottery feature that allows users to win prizes in CAKE and NFTs. * **October 10, 2023:** PancakeSwap burned over 1.9 million CAKE tokens, reducing the total supply by 0.07%. * **December 6, 2023:** PancakeSwap announced that it is partnering with the decentralized finance (DeFi) protocol Bril Finance to launch a new NFT marketplace. **Disclaimer** Please note that cryptocurrency investments are inherently risky and volatile, and there is no guarantee that any investment will be profitable. It is important to do your own research before investing in any cryptocurrency, and to only invest what you can afford to lose.
Long
by MoonTradingForecast
1
cake 2024🤑🎄 Hello friends, today I want to write my analysis of the trend of Cake here. CZ has been working on his side projects since his dismissal. His biggest side project is Cake. And recently Cake has decided to destroy half of its supply. This will be a sign of the lack of fear among new buyers. Based on technical analysis, my price target is the same as the previous ceiling, but according to the available news, $100 in the new year does not seem unlikely. Have a happy and profitable new year
Long
by vahidzamani67
9
THis one is a no BrainerYes we saw a 75% pump in late Nov. but this one has been beaten down from $40 and with all the new hype and L2 bridges into Binance Smart Chain or BSC unlocking all the BRC20 Liquidity this is where they go to swap so why not blow up yes there are better places to buy this token but you all know how this stuff works. SEE ZKSpace new Bridge into anywhere and everywhere for cheap via ZKSync Era BRidge partnership and tech. I would wait and see if 1. BTC keeps grinding up and sideways or 2. She spills and pulls the rest of the market with it. Lets see a nice shake out b4 the BTC ETF "Go single." This is when i would load up heavy on ALTs/ If we see a BTC and market Pull Back you can watch how ALTs handle it and pick the ones that seem to hold up the best or T and A or whatever, at least 1 or two but try to not spread to thin ie to many alt positions can be danger danger for many reasons.
Long
by HustleGrindMomentum
PancakeSwap Proposes Token Supply Cut To 450 Mln, Will CAKE Pric PanCakeSwap ( NASDAQ:CAKE ), the crypto built on the Binance Smart Chain, has lost over 23% in value in the past year. The price decline has been a concern for its investors and the PanCakeSwap ecosystem. Hence, PanCakeSwap has now announced a proposal to reduce the CAKE total supply from 750 million to 450 million, in a bid to push the prices up and uncover the journey to the “ultrasound CAKE.” PanCakeSwap To Restrict NASDAQ:CAKE Total Supply The current circulating supply of CAKE is around 388 million and restricting it to 450 million would leave room for only 62 million new coins to be added in the future. The move has been supported by the CAKE community as they believe that the crypto can recover significantly after it has lost a massive value since attaining its all-time high at $43.96 in April 2021. The CAKE crypto has been witnessing a constant decline for the past two years and is now trading at over $2.50. Therefore, restricting its total token supply could be beneficial. PanCakeSwap also announced it has reevaluated incentives for ecosystem growth to attain accurate estimates after nearly 3 years of development. Therefore, the ecosystem believes that the reduced token supply would do better justice to its community. Furthermore, for the ultrasound CAKE, a crucial step of lowering the total token supply has to be undertaken. It signals that PancakeSwap is aiming to shift from a hyperinflationary tokenomics model. In addition, it believes that the revised CAKE total supply of 450 million coins is reasonable enough to ensure that there is sufficient flexibility for growth and development. PanCakeSwap Price Rallies 20% The recent development has pushed the PanCakeSwap price up and it has gained about 20% in the past 24 hours. The PancakeSwap price was up by 19.09% as it traded at $2.61 on Thursday, December 21. In addition, the 24-hour trade volume witnessed a spurt of 179.65% and was recorded at $197.29 million. Furthermore, the CAKE market cap stood at $683.84 million, gaining 18.33% in value. Despite the recent surge, the crypto has lost 1.90% in the past month. However, in the last seven days, it managed to gain 3.66%.
Long
by DEXWireNews
4
CAKE - A Sweet Setup: Bullish Rally After the Fakeout🍰🚀Time to delve into the delectable world of PancakeSwap (CAKE)! The CAKE chart is cooking up something intriguing as it gracefully moves beneath a substantial trendline, creating ripples of anticipation. Let's break down the layers of this confectionery and explore the potential for a sweet bullish rally after a crafty fakeout. 📈🚀 Analyzing CAKE's Chart: Trendline Mastery and the Triangular Tale Dominating Trendline Dynamics: Under the Trendline Spell: CAKE is currently trading beneath a significant trendline, setting the stage for a potential transformative move. Historical Importance: Trendlines often act as powerful influencers, marking critical levels for price action. Triangular Formation: Ascending Triangle Unveiled: CAKE is crafting an ascending triangle, a pattern characterized by higher lows and a horizontal resistance line. Fakeout Drama: A recent fakeout attempt below the triangle's lower boundary has added an element of suspense to the narrative. Trading Strategy Insights: Bait and Switch: Fakeout Drama: The false move below the triangle's lower edge could be a tactical maneuver to bait traders. The Sweet Spot: Watch for potential upward momentum following the fakeout, especially considering the liquidity gathered beneath the trendline. Confirmation Signals: Retesting the Trendline: A successful retest of the trendline could serve as a confirmation for a bullish surge. Volume Validation: Observe trading volumes during the retest for added confirmation of the potential rally. Price Projection: Targeting the Heights: If the anticipated bullish rally unfolds, CAKE could aim for higher levels, with attention on previous resistance zones. Conclusion: As PancakeSwap's CAKE undergoes this intriguing setup, traders should remain vigilant for potential bullish signals post the fakeout episode. A successful retest of the trendline could be the sweet confirmation needed for a delightful rally. Stay tuned for real-time updates, 🌐 ❗️Get my 3 crypto trading indicators for FREE! Link below🔑
by AlexWhale
CAKE LOOKS BEARISHIt looks like we have a contraction triangle on the chart. The lower trend line of the triangle is broken and the price has failed to recover it. We are expected to move towards the green range with high volatility. We specified the targets. Closing a 4-hour candle above the red range will violate the analysis 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
by behdark
1
"CAKE/USDT Long Trade Setup: Symmetrical Triangle Breakout SignTrade Setup for CAKE/USDT: Long Position Analysis: CAKE is exhibiting a symmetrical triangle pattern, indicating a potential breakout with a strong rebound. The current market trend supports a bullish outlook. Entry: Entry Point: Current Market Price (CMP) Additional Positions: Consider adding more if the price drops to $2.38. Targets: $2.56 $2.7 $2.9 $3.2 Stop Loss (SL): Set the Stop Loss at $2.285 to limit potential losses. Leverage: Use leverage cautiously: 5x to 10x. DYOR
Long
by CRYPTOMOJO_TA
5
CAKEUSDT - BULLISH OUTLOOKCAKEUSDT is presenting a potential trading opportunity based on recent price action analysis, particularly on the 4-hour timeframe, where a bullish divergence on the RSI indicates a potential reversal for a bullish trend. Here's a concise analysis and trade plan: Entry: Consider entering a long position at $2.40 Stop Loss (SL): Set the stop loss at $2.10 to manage potential downside risk. Take-Profit Levels: TP 1 @ 1:1: Aim to exit at = $2.70 TP 2 @ 1:2: Consider exiting at = $3.00 TP 3 @ 1:3: Target an exit at = $3.30 After reaching the first take-profit level, consider adjusting the stop loss to the entry point (breakeven) to secure profits and minimize further risk. This trade plan is designed to capitalize on the identified bullish divergence on the RSI, suggesting a potential reversal in the bullish trend. Managing risk through a stop loss and implementing a breakeven strategy after the first take-profit level aligns with a prudent trading approach. As always, staying informed and adapting to market conditions is crucial for successful trading.
Long
by sunnytrader07
#CAKE/USDT - Long - Potential 87.70%Strategy: Long Exchange: BINANCE Account: Spot Entry mode: DCA Limit Invest: 2.5% Exit: • ⎿ Target 3 : 4.73 96.84% • ⎿ Target 2 : 3.949 64.34% • ⎿ Target 1 : 2.905 20.89% DCA Entries • ⎿ Entry 1: 2.507 - 50% • ⎿ Entry 2: 2.294 - 50% • ⎿ Current market price: 2.507 Stop Loss: 1.692 (-29.59%) Technical indicators: • ⎿ 24h Volume: 64942633.53774 • ⎿ Satoshis: 2.507 • ⎿ Analysis: TradingView The dominance cycle in crypto is pretty well defined now, BTC pumps and the profits booked in BTC start filtering through the market as traders speculate on smaller cap assets following BTC's lead. CAKE is well placed in this cycle both as a mid cap in its own right and as a necessary utility token to facilitate the trading of much smaller caps. Couple of technicals on the weekly chart, 20 & 5MA's above the 200MA, continuation of a breakout (white diagonal) and the possibility of a cup and handle developing. The project itself is also expanding with multichain simple staking launching in Q4 and I feel like DEX's will gain a lot of traction in the coming bull run with the 'regulated' sterilisation of the CEX's (and mainstream crypto in general) forcing those looking for more 'fun' investing to explore the swap sites. For me investing in Cake is a way of getting exposure to meme tokens without having to take the risk of selecting them (increasingly difficult). Definite room for a retrace here (again the possibility of forming a cup and handle), with rejections at 2.823 hence the DCA entries but accuracy isn't really important here as much as just getting into an asset with massive upside potential over the next 6 months.
Long
by CryptoNicho