CAKEUSDT trade ideas
CAKE, SPECIAL SCENARIO...!The pancakeswap exchange is getting stronger and also its token (my favorite) is getting more valuable. Never miss it...!
Cake 1W Chart reversal CAKE 100% correction, located at the bottom of the Bollinger Bands. Stochastic RSI starting to show bullish divergence. Previous week closed with an inside bar.
CAKE 🍰Completely bullish on CAKEUSDT
Bat Pattern formation
Prime entry point is 11.25
Risk : Reward
1:23
Trade safe
🔥 CAKE: Is The Dump Finally Over?The last time that I looked at CAKE was around a month ago. Here I argued that CAKE was one of the weakest tokens on the market currently and that more bearish pressure was mounting.
Since my previous analysis, CAKE dumped even more and reached the area around the all-time lows since trading on Binance. Historically, this area of strong support has caused huge reversals for CAKE.
With CAKE seeing a new reversal from said area, there's a decent chance that we're going to see more bullish price action in the coming weeks.
Target for the current move would be the top resistance of the triangle, around $16.
Happy trading!
CakeUSDT 16 decHi, Wellcome
We can open a Nice order here, You just need to open the Trade At the Retest not just after the Breakout.
Because confirmation is necessary rather than losing money.
So just follow the mentioned
Open Order Price
TP Price
SL price
Note: please keep in mind that if any bad news happens regarding this Coin then you should need to work promptly.
Cake - can go up one of the best DEX ,
crossing the descending line ( yellow line ) ,after pull back it is on top of the fibo support line ,
I think it can go up under normal conditions , keep in watch the BTC chart and Pay attention to the news .
CAKE ( Pancake ) is at Major Support LevelCurrently pancake (CAKE) is trading at its major support level.
This support level is very crucial for the CAKE to hold its double digit price.
In the past this support level acted as bounce back price for pancake.
If you are planning to add some CAKE to your portfolio then this is a good time buy and if the price goes lower then probably you can do DCA after that. You can also get 70+% APY by staking CAKE at pancakeswap exchange.
Stay tuned for more updates.
cake long term setupLong term setup for $Cake
1. Recent token burn - few days back
2. Increasing dex volumes
TA + FA all good
Keep in mind of maintaining stop loss and risk management in ccase of setup fail
CAKEUSDT-SHORTThere is a short position in CAKEUSDT Cake
CAKEUSDT Cake
🔴Short Now or set on Key Level 12.75
🟢Target 1 11.85
🟢Target 2 10.90
❌Stop loss 13.05
#K_Level
CAKEUSDTPossible scenario of CAKE.
Keep an eye on it.
🔴 Monthly
🟠 Weekly
🟡 Daily
🟢 4h
🟣 30m
No financial advice.
Have a nice day!
CAKE/USDT Analysis (Update)📈📉
📈📉 As you can see on the weekly timeframe for the pair of pancakeswap and usdt , it has faced a bearish market after reaching its ATH of about 44$,and fallen to its lowest level, and afar 2nd attempt and forming a new lower high that has filed to rise , again declined to bottom ,so now we know it'll need to break up the downtrend line which is already dynamic resistance by volume confirmation ,to start a new bullish rally as before , but because of recent demand and strong green box support, although it depends on your entry strategy for take a long positon , but in my opinion it'd be a good entry point , at least 1 step around here and if it drop more we can buy another steps about 10 $ again.
❌current weeky resistance : $18-20
♻️current weeky support: $9-11
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tips:
💥(Note that most of my analysis on the weekly timeframe basis is more for long-term investment rather than short-term trading.)
🔰(Anyway, I highly recommend novice investors and traders to consider risk management and buying in a few steps) .
✳️(also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.)
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯💭
🙏with Best Regards
PancakeSwap The #1 AMM : CAKEUSDT analysisThe #1 AMM and yield farm on Binance Smart Chain.
❇️ COINMARKETCAP's DATA :
Rank #26 - kind: Token- On 169,833 watchlists - Market Cap :$6,394,389,110
Fully Diluted Market Cap: $6,558,725,629
Volume24h: $633,184,924
Volume / Market Cap : 0.05967
Circulating Supply :161,882,860 CAKE
Total Supply: 161,882,860
What Is 🌟PancakeSwap (CAKE)🌟?
PancakeSwap is an automated market maker (AMM) — a decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return.
It launched in September 2020 and is a decentralized exchange for swapping BEP20 tokens on Binance Smart Chain. PancakeSwap uses an automated market maker model where users trade against a liquidity pool.
PancakeSwap uses an automated market maker model, meaning that there are no order books and liquidity pools are used instead. A user can earn income by becoming a liquidity provide; by adding their tokens to the liquidity pool they can farm LP tokens and stake their CAKE to earn rewards. They can also try their luck with the lotteries and non-fungible tokens.
The PancakeSwap token CAKE is a BEP20 token that originally launched on Binance Smart Chain. The main function of CAKE is to incentivize the liquidity provision to the PancakeSwap platform.
Users can stake their tokens to earn rewards, which is done by depositing Liquidity Provider tokens and locking them up. This is known as farming and is rewarded by the system with CAKE tokens. The tokens can be un-staked with zero holding time. CAKE gives users the opportunity to invest and increase returns in the future but comes with risks.
CAKE can be used to enter a lottery on PancakeSwap.
Users can also win non-fungible tokens that can be traded for CAKE or kept in a wallet.
❇️Who Are the Founders of PancakeSwap?
PancakeSwap is a Binance Smart Chain-based decentralized exchange (DEX) that was launched by anonymous developers with an apparent passion for pancakes. and always has been supported and recommended in twiter by CZ , ceo of binance .
coinmarketcap- pancakeswap.finance
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✅TECHNICAL ANALYSIS
As you can see in the daily time frame chart for CAKE/USDT, the price is trading at around $40 .
It's been about two months since PancakeSwap was recently added to the market and I do not have a comprehensive analysis because it is usually technical based on the past but you can buy in the green support areas with more confidence and EMA 50 and 21 can also support the price .if the defi season starts I think It has a very high potential, which atleast must be placed in our watchlist .
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(Anyway, my constant suggestion to my dear community is to buy step by step ( in a few steps) , With considering risk management , Because this crazy market is very volatile than you have never seen in other markets .)
also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
👍 PLZ support me and hit that damn like button and comment
CAKEUSDTCAKEUSDT daily chart is in an uptrend, waiting to buy blue zone, target 26.42
Thanks and Good Luck!
Cake potential 200%Cake the famous Defi coin in Binance Smartchain, with their update on Pancakeswap we will see $25 short target and $60 long term target
CAKEUSDT S&R 4H Hi Friends
This is CAKEUSDT 4H Chart
and there is a good Impulse so Lets see what we get from SHIBO indicator
based on this Impulse i Expect two Support on 12.26 and 11.70 and Target is 15.45
S3 is in Line With Moving AVG And near Previous Hidden Div high
this is a beta Test of SHIBO Indicator so you have to use it along side with other Analysis and Indicators
CAKE will feed us with 2 Trades !the cake is the best dex and has very much volume on Binance smart chain!
It will be excellent in 2022!
But here; we have 2 logical strategies and low-risk trades!
First; we should enter after a red daily pullback and take profit until upper area ...
Then; we should wait for our second trade and watch that when the upper area will nicely break with the great green daily candle!
And we can enter it on the pullback and be with it to the previous price and next ATH ...
$cake - Daily timeframeDear Friends
In daily time, I wait for the trend line to break up.
We are in this area for ten days and it has been supported and the price has been maintained.
Cake/usdt weekly Cake is one of the best crypto to investigation
And now it is good price for HODL in resistance
$cake Analysis $cryptocurrencyDear Friend
The candlesticks are weak during the weekly period, and with the current situation, if the candlestick closes in the same way, I expect to return to the support and stabilization area in this zone, and then return and climb to the upper areas.
Resistance: 12.5 - 13
Support: 10.20 9.4
But it is still too early to make a final decision and we have to wait until the weekend.
In daily and weekly time, we have dynamic and static resistance and support, which is shown in the picture.
Disclaimer: Information is provided only for educational and exchange purposes only.
Do your research before taking any action or decision in the real market.
CAKEUSDT CAKEUSDT/PancakeSwap
RANKING 48 in market capitalization, it's next Solona.
March 2021 price its trading!! almost bottom fishing Buy hold for long term don't miss this great asset guys.
at least hold few or invest negligible amount.
CAKEUSDT-SHORTThere is a short position in CAKEUSDT Cake
CAKEUSDT Cake
🔴Short Now or set on Key Level 12.75
🟢Target 1 11.65
🟢Target 2 10.95
❌Stop loss 13.15
#K_Level
CAKECAKE
Then pullback can be a good option.
Friends, this signal is not a buy or sell, and it is just a personal analysis, so before taking any position, check yourself and do not forget the loss limit.
