CAKE/USDT BUY IDEAWe can expect to have a reaction in the direction of selling from the specified support zone
CAKEUSDT trade ideas
Confirmation from the price actionOn a 4-hour timeframe, the support and resistance levels of the price range have been identified. When the price reaches either of these specified levels, we can focus on the price reaction after receiving confirmation from either direction. This approach allows us to make informed trading decisions based on the observed price action at these critical levels.
CAKE ready for a POP ! Basing up and holding. above resistance.CAKE strong looking chart,
continually basing up and maybe one to follow the DEFI names that already popped. UNI UNFI and SUSHI. just bought the 4h HL off of 4h Ema 12. stop under there.Guys and Gals remember it is no problem buying a strong chart high up.
Just respect your stop and let it play out.
TA rules, Learn TA from the MASTERS . Learn real setups . Study our Playbook.
Get profitable fast!
You love Charts and so do we ;)
Chris Chartman and the Freedom traders
CAKEUSDT Eth CounterOk ok , I've been keeping them to myself lately . But this one needs sharing. As ETH fees continuously go up in expectation of the etf, even tho not everyone knows it . Blackrock has filed for it in May , and they do not get rejected .
Eth fees go up , chain becomes untradeable for normies, they'll cheaper ones such as SOL , INJ and BNB Smart Chain. Cake here looks prime as 1W ichi has left the cloud
CAKEUSDT LONGKUCOIN:CAKEUSDT
It is exactly on the resistance
I opened a long position
It is better for you to wait until the price goes above the resistance range and the PURPLE line and stabilizes, and then open a long position with more confidence.
Comprehensive Analysis of the CAKE/USDT Chart1. **Key Support and Resistance Levels**:
- **Resistance**: There are two major resistance zones on the chart:
- The first zone is between 5.500 and 5.800 USDT.
- The second zone is between 6.580 and 6.965 USDT.
These areas are highlighted in red and indicate significant selling pressure where the price is likely to encounter resistance.
- **Support**: The major support zone is around the 2.500 USDT price level. This area is marked in green, indicating significant buying pressure where the price is likely to find support.
2. **Liquidity Levels (LIQ)**:
- **LIQ (weekly)**: Located around 1.206 USDT and 7.500 USDT.
- **LIQ (daily)**: Located around 6.580 USDT and 0.994 USDT.
Price Movement Prediction:
- **Upward Movement**:
- If the price can break through the resistance at 5.500 USDT, it may move towards the higher liquidity targets at 6.580 USDT and then 7.500 USDT. These areas are indicated by blue lines and can be considered potential targets for upward movement.
- **Downward Movement**:
- If the price falls below the support at 2.500 USDT, it may decline towards the weekly LIQ around 1.206 USDT. This level can be considered a target for downward movement.
Conclusion:
- For short-term traders, monitoring price movements around the key resistance and support zones is important. Traders can look for signs of price reversal in these areas.
- For long-term investors, focusing on liquidity levels and overall price movement predictions can aid in better decision-making. If major resistances are broken, a move towards higher liquidity targets is likely, and if key supports are broken, a move towards lower liquidity targets is likely.
LONGCAKEUSDTConsidering the beginning of the trend after the last support and correction of 50%, it is expected to continue its movement and touch the higher targets that I specified in the picture.
CAKE: bull-trend📊Analysis by AhmadArz:
🔍Entry: 2.723
🛑Stop Loss: 2.612
🎯Take Profit: 2.489 - 2.998 - 3.161 - 3.439
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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#CAKE /USDT SPOT LONG ENTRY#CAKE /USDT SPOT LONG ENTRY
Leverage: 1x
Entries: $2.692
Take profit 1: $2.777
Take profit 2: $3.036
Take profit 3: $3.437
Stop Loss: $2.379
NOTE: This is just my prediction. Be sure to use STOPLOSS and remember that I am not a financial adviser. your money, your risk!
BINANCE:CAKEUSDT
Thanks
The sroced.
CAKE looks cheap hereCAKE/USDT (PancakeSwap)
Sector: Decentralized Exchange
Market Cap: $690M
CAKE, PancakeSwap's token, one of the most used DEX, failed to accumulate during the Bear Market, keeping its price in a clear range. We're seeing an exit from the bottom, but we've managed to get back in, and now the upper and lower limits are clear.
We are now consolidating on the lower boundary, which offers us a trade opportunity with a limited risk by placing a Stop Loss below this support.
We can envisage a return to the upper end of the range, where it would be wise to sell part of our position. And why not hold on to part of the bag, hoping to extract it and sell at the next resistance levels.
CAKEUSDT 8H#CAKE has formed a falling wedge pattern on the 8H timeframe. In case of a breakout, the short-term targets are:
$3.014
$3.490
The rest of the targets are:
$3.825
$4.160
$4.574
$5.243
Support is around the $2.407
cakeusdtcakeusdt is near higher low of 2.32 it should not go below that else our analysis wil be wrong . wyckoff accumulation suggests we can rally from here atleast upto 3.5 .NFA
Cake coin we can predict it at least 35% dump.Cake can hit
1.6 -1.1 level in near future .We can predict it at least 35% dump.
CAKE: Repeating Patterns or a Bullish Reversal?CAKE, the native token of the PancakeSwap decentralized exchange (DEX), has a history of forming and breaking trendline support levels, creating a pattern of potential reversals. This pattern raises the question of whether CAKE is poised for another downward move or a long-awaited bullish breakout.
Historical Pattern of Trendline Breaks:
January 2022: CAKE broke below a trendline support level in a manner resembling a bearish flag pattern, suggesting a potential downtrend.
April 2023: CAKE once again broke below a trendline support level, reinforcing the pattern of potential bearish reversals.
Current Price Action:
CAKE is currently testing a critical support level, forming a pattern similar to the previous trendline breaks. This raises the crucial question: will CAKE follow its historical pattern and break down once more, or will it defy expectations and initiate a bullish reversal?
Bullish Reversal Indicators:
Despite the bearish trendline breaks, there are indications that CAKE may be poised for a bullish reversal:
Accumulation Phase: CAKE has been accumulating within a defined range, suggesting a potential buildup of buying pressure.
Positive Sentiment: The PancakeSwap DEX continues to attract users and generate volume, providing a fundamental basis for potential price appreciation.
Conclusion:
CAKE's price action presents a compelling scenario for both bears and bulls. While the historical pattern of trendline breaks suggests a potential bearish continuation, the accumulation phase and positive fundamentals hint at a possible bullish reversal.
CAKE Set For a Breakout As PancakeSwap Announces $25 Mln BurnPancakeSwap, a decentralized exchange platform on the Binance Smart Chain, announced a token burn of over 8.9 million NASDAQ:CAKE tokens, collected from trading fees across Automated Market Makers (AMM) Version 2 and 3. The $25 million token burn likely helped the NASDAQ:CAKE price recover from recent losses. The DeFi token, which was initially valued at $2.808, rose nearly 3% on the day after the announcement.
The DEX burned 8,924,466 NASDAQ:CAKE tokens worth nearly $25 million. PancakeSwap had collected 119,000 NASDAQ:CAKE worth $332,000 as trading fees for its AMM Version 2 and 160,000 CAKE worth $448,000 for its AMM Version 3. The DEX is integrated with market makers on Ethereum and Binance Smart Chain to help traders execute their trades at a relatively low cost. The DEX recently announced plans to redirect NASDAQ:CAKE emissions from farming pools to bribe locker protocols and boost the liquidity of the DeFi token for users, which has no impact on NASDAQ:CAKE supply since it simply redirects emissions to liquidity pools.
CAKEUSDT NDS Pattern Prediction This Pattern is the Cake Next moving by NDS Pattern,
Attention: this pattern is just prediction and you can't use for Setup (non financial advice)
SasanSeifi 💁♂Potential for Significant Growth in the Long TermAs you can see in the chart, the price of CAKE has experienced significant growth after a period of decline and volatility. The price bounced back from the $1 support zone and has since experienced another minor increase after a pullback to the $2.50 demand level. The price is currently trading at $3.20.
By examining the behavior of candles in the long-term time frame, we can expect the following for the future of this currency:
If the $2.50 price range is maintained, we can expect further growth to the $4.50/5 liquidity zone and a new high above $4 (HIGH).
The above image shows the possible long-term trend of CAKE and the desired targets. This trend indicates the significant growth potential of this currency in the long term.
The important support zones are $2.50 and $1.70.
This is not financial advice. Always do your research before making any investment decisions.
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌
CakeBINANCE:CAKEUSDT The war news slightly accelerated the drop, but still the first target is 1.7 range and the second target is 1.4 range
CAKE
What we are experiencing right now is price reacting to the resistance for the third time. Haven't done that I expect BINANCE:CAKEUSDT to stretch to the 50% Fibonacci level to complete an Expanded Flat for wave 2 before the bullish momemtum returns.
There is another scenario that suggest going lower but to keep it simple I will let this unfold first. Stay tuned.
OTHER ANALYSIS
Pancake Swap Coin(CAKE): 100EMA Is The Target!For a long time, we haven't looked at Pancake Swap Coin. We are seeing a good chance of reaching that 100 EMA in the daily timeframe (which would also break the triangle formation we are seeing).
If we reach that zone, we will be looking to trade below that 100 EMA!!
Swallow Team
CAKE/USDT > Highly Probable > Strong Bullish Weeks AheadHello everyone,
first of all, please take a look at my recent ideas on the pair (CAKE/USDT) from back in
FEB 5th:
& March 7th:
NOW,
I can imagine two HIGH PROBABILITY scenarios with different timings yet exactly the same target for the near term future of (CAKE/USDT)
both of which are drawn as paths on the chart.
Scenario A: RED PATH / lower probability (30%)
Scenario B: GREEN PATH / higher probability (50%)
* what I clearly mean here is that there's a 20% chance for an unforeseen third path in which this idea is not valid anymore!
** please take the fact into account that PANCAKESWAP is of relatively small market cap and it's token's price is subject to strong fluctuations due to whale activity and big money moves.
Have a great trading and always KEEP IT SIMPLE...
