$CAKE has broken the downward channelPancakeSwap token CAKE has broken the downward channel, It's gonna explode in next couple of months.
CAKEUSDT trade ideas
CAKEJust buy some cakes, big move comming. That team still build..
$30 soon, moon later..
NFA
All my ideas are mainly for me, my feedback and fun!
CAKE/USDTDo you like discounts?
This is next big opportunity! Iam big farmer on PancakeSwap and I would like to shop indefinitely at such a price, but i cant :(..
Cake will go UP and soon hit new ATHs after that panic stop... Or maybe no, you know, who knows :D..
Iam in and will be, DeFi..
MFA & DYOR ofc..
CAKEUSDT - Trade setup: Bake the cakeGreetings!
I am looking to enter a nice 1:4 RR sell setup for CAKE that has some good potential ahead.
So, as you can see on my chart, we broke an important level on the 4H TF and afterwards we started to drop. That move was a price manipulation to get some sellers out of the game. After this 4H bearish wave the price started to pullback and it looks like it is preparing for another drop.
My TP areas will be around the 1H demand zones highlighted on the chart.
Trade details:
Entry: 3.922
SL: 4.035
TP1: 3.469
TP2: 3.320
RR: 1:4/1:5
Risk: 1% account balance
Trade with care. NFA
🔥 CAKE Breaking Out Of 20-Month Bear TrendShortly after CAKE hit Binance, we saw a massive move upwards. However, CAKE quickly started selling off from which it never really recovered.
CAKE has been selling off now for the better part of 20 months, trading below and reversing from the dotted resistance line.
As of this week, CAKE has finally broken the perpetual downtrend and is looking slightly bullish even. My targets are in blue.
CAKE reacted positively to the supportCAKE reacted positively to the support of the range of $3.56 to $3.63 and continued to move upwards again. In the daily timeframe, a higher ceiling has been recorded than the ceiling of the previous downward wave, indicating the medium-term conditions are bullish. Therefore, there is still a possibility of retesting the resistance and breaking the resistance in pullbacks.
Of course, the negative reaction to the candle yesterday can indicate that the price trend this week and in the 4-hour time frame can turn into a range mode. So the previous floor at the $3.56 -$3.63 support limit can be retested, forming a large range zone. Also, after the top of the main descending channel is broken, we expect a pullback to the top of the broken channel. The main resistance of CAKE is also considered in the range of $5.20, which can be associated with a strong negative reaction.
CAKEUSDT...are you ready from some baking lessons?BINANCE:CAKEUSDT
so here we go...we have a lot of opportunities today, but this one i think will make you a ZILLIONAIRE (i hope not).
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#STOP_BEING_POOR
CAKEUSD ❕ Adam and EveTD Sequential has formed an up reversal signal (30m TF)
RSI chart is in the bullish zone (4H, 1H and 30m TFs)
Trading volumes indicate that the market is interested in price growth.
I believe that the asset will continue to grow after fixing above the support level.
#CAKE/USDT [ PancakeSwap ]: Resistance Breakout + Confirmation🔸 We've detected a Resistance Breakout and Confirmation on the CAKE/USDT chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. We may consider buying at the current price zone and targetting higher level.
• 📊 Technicals:
• ⎿ 24h P. change: 🔺 4.825%
• ⎿ 24h Volume: 10,143,528.451 USDT
CAKEUSDT | TRIANGLE BREAKOUTCAKE has been trading with in a symmetrical triangle on a shorter time frame.
The price has been converged.
Now the price has broken above the triangle.
The price may retest the breakout zone
The bulls need to hold above the triangle.
Manage your trades accordingly.
💁♂️ CAKEUSDT / 3D UPDATE 🔥✅ 26% 💁♂️ HI Everyone,
As you can see, according to the analysis, the price increased by 26% 🔥✅ from the specified range.
❎ (DYOR)...⚠⚜
WHAT DO YOU THINK ABOUT THIS ANALYSIS? I will be glad to know your idea 🙂✌
IF you like my analysis please LIKE and comment 🙏✌
CAKE: Falling Wedge BreakoutPancakeSwap (CAKE) technical analysis:
Trade setup : Bullish breakout from a Falling Wedge pattern, which could signal a trend reversal and upside potential to $4.00 resistance and 200-day moving average.
Patterns : Falling Wedge It usually forms after a downtrend and suggests a potential bullish reversal in the original downtrend. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
Support and Resistance : Nearest Support Zone is $3.00. The nearest Resistance Zone is $4.00.
CAKEUSD ❕ liquidity zoneCAKE is held above the middle of the liquidity zone.
Price has broken up 50EMA on the 4H Timeframe.
50EMA and 200EMA formed a golden cross (1H TF)
I expect a rise after fixing above the zone.
long CAKE$CAKE bounced off the support level. Bullish movement to the resistance level at 3.48$ is likely to happen.
CAKEUSD ❕ oversoldRSI chart indicates oversold (4H and 1H TFs)
Price is in the oversold area of the BB indicator (4H TF)
Expect a bounce if price holds above the support level.
CAKEUSDT DThis is my analyse on CAKEUSDT. DAILY timeframe .
PLEASE Don't forgot risk and money management.
THANK YOU FOR YOUR TIME.
PLEASE BOOST AND FOLLOW..
Pancakeswap (CAKE/USDT) Close to Reclaim Levels Above $4Pancakeswap has been one of the popular crypto asset in the market. CAKE price has displayed acute strength ever since it formed its lows by the mid-June 2022. It was on its path to reclaim the lost levels, but the recent FTX-fiasco flipped the entire market flipped and fell into a deep bearish trap, from which the CAKE price is unable to make a comeback. However, the price is trying hard to set up a bullish outlook and hence is able to sustain above $3 despite extreme bearish pressure.
The price rebounded finely from the 0.236 FIB levels around $3.2 and consolidating finely just above these levels but constantly failing to surpass the levels at $3.5, hence has become a pivotal zone to clear. Once these are cleared the next leg up may uplift the price beyond 0.382 FIB levels close to $3.7, beyond which the possibility of reaching $4 may emerge before the end of the yearly close.
Besides, the volume has dropped miserably which may hinder the progress of the rally by lowering the pace. Therefore, CAKE price could have a bearish close provided bulls remain off-the-shore until the start of the fresh yearly trade.
CAKEUSDT pullback before bearish impulse?the price had a breakout from the dynamic support and static one.
We are waiting for a clear pullback in order to apply our rules
How to approach it?
IF the price is going to have a retest, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
quick CAKE scalpprice has formed an inverse head and shoulder and is squeezing to the trendline.
expecting a break and growth.
CAKEUSDT BUY ZONEScakeusdt buy zones
Enteries: $3, $3.3, $3.5
Stake this coin at these levels. Gains looks promising in this bear market for the short to midterm
