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CAKE

CAKE Basic trend. Working with reversal zones. Money management.Logarithm. Time frame 1 week. Major trend. Combined education and potential trade in ideas. Pivot zones from key liquidity zones. The main idea and meaning of this idea is to show the logic of working with reversal zones from key resistance support levels, which will determine the further development of the trend. I have shown all possible scenarios of secondary trend development from more probable and logical to less probable, but which have the right to be realized. You should always keep even unlikely scenarios in your mind, even if you do not believe in them. Few people calculate different variants of trend development ahead of time. In most, as a rule, there is one scenario of price movement, but it is built in most cases on the desire that it was exactly as profitable. This is how this trend looks like on a line chart. Exchanges and surprises. Money management. CAKE (PancakeSwap) is a decentralized exchange (DEX) token on the Binance Smart Chain, launched by anonymous developers The coin as an example of similar crypto of the third liquidity group, which lose capitalization, that is, people's faith in the project itself - "the faith of the community is killed". It is quite possible that at one moment the faith in anonymous developers will be "killed" and they will use the existing liquidity for the last time. I emphasize what blockchain the token is made on and how many bad triggers (FUD and not only) in the info space, not only with the designation “4”. The idea (long-term trend) is more educational than trading because of the degree of risk (liquidity, “ugly chart” for the future, large depreciation, breaking a long horizontal channel at a very large %). My desire is to trace on a live chart how the fate of two exchanges will be reflected on the price of this token in the future. Liquid, popular, reliable and conditionally decentralized with “anonymous developers”. Local trend. Work in it (only in it and nothing else). Risk Management. But, in the local trend at the moment, this coin is interesting to work, especially since the triangle is almost formed and soon the dénouement. Stops will be quite short in the direction of the breakout, that is work. I will post an idea for local-medium term work below. Take a local profit (maybe substantial) and forget once and for all about crypto fantasies and what will happen to the price next. No regrets if you took a relatively small profit and further development of the trend showed an order of magnitude more. In the end, it may be the other way around, you will be the lucky one who “made it” before the “sunset”. Learn to take profit from the market, it is better to take a little bit at a time, limiting risks, than to take a potentially large profit (which is what most “sectarians” are waiting for). In the long run, I highly recommend not getting involved with this or other similar cryptocurrencies. You will be playing casino, and not so much with risk management (risk/profit ratio in trading) but with money management (money management in general, places to store and trade). So stops can be useless in some not quite trading situations. Note how I've written a lot of information that doesn't really apply to this cryptocurrency directly, but only indirectly, as a potential consequence of more global yet equally potential events . Observe money management and risk management in trading, diversify where you trade and store crypto assets, this will guarantee a sound sleep in the future. . Secondary trend + local work. Time frame 3 days. 08 2023
by SpartaBTC
12
$CAKE Jumps 5% on Proposal to Slash Token Supply by 300 MillionPancakeSwap's CAKE token jumped by 4% following the proposal, which would see its maximum supply reduced from 750 million to 450 million. NASDAQ:CAKE , the native token of decentralized exchange (DEX) PancakeSwap, is up by almost 7%, following a proposal to reduce its maximum token supply. According to data from CoinGecko, PancakeSwap's NASDAQ:CAKE is currently trading at $3.71, up 6.8% on the day and 40% in the last seven days. The proposal to slash the maximum supply of CAKE by 300 million to 450 million has garnered widespread support from the community of token holders, with over 90% voting in favor so far. Despite its overnight jump, CAKE has a long way to go before it can reclaim its all-time high of nearly $44, posted in April 2021. The move caps off a busy few months for PancakeSwap. In August 2023, it expanded to the Coinbase-incubated Base layer-2 network, and Ethereum layer-2 scaling network Linea, as part of an ongoing multi-chain expansion by the PancakeSwap team. Last month, the DEX launched its own crypto gaming marketplace with tower defense game Pancake Protectors and city-building sim Pancake Mayors as the launch titles. PancakeSwap is currently the third-largest decentralized exchange by volume, accounting for $500 million worth of trades in the past day, according to CoinGecko. The total volume on decentralized exchanges, $5,726,720,165, currently accounts for 5% of all crypto trading, according to the crypto price aggregator.
Long
by DEXWireNews
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
Pancake Swap (CAKE): Potential Re-Claim Of FVG Zones. In the 4-hour chart of CAKE/USDT, we see a clear consolidation pattern taking shape. The market has formed multiple FVG (Fair Value Gap) zones, suggesting significant price interest areas. The recent price movement has struggled to maintain upward momentum, hitting a resistance level at approximately $2.85. The price is currently staying above a series of unfilled FVG zones, with the closest being around $1.77. These gaps often act as magnets for price and could suggest downward movement if the market does not sustain current levels. Moreover, the presence of multiple FVG zones below the current price may increase the likelihood of a chain effect, intensifying the potential drop if initiated.
Short
by SwallowPremium
4
🍰 CAKE: Breaking Down Trend ! In the dynamic world of cryptocurrencies, PancakeSwap's token, CAKE, is displaying promising signs of a trend reversal. Trapped within a descending channel, CAKE is gearing up for a potential shift in momentum. Let's delve into the chart dynamics and explore the key levels that might mark the beginning of a bullish journey. Chart Analysis: CAKE's Descent Channel and the Turning Tide CAKE's recent journey has been characterized by a persistent descending channel, reflecting a bearish trend. However, recent developments suggest a potential reversal, with CAKE eyeing a breakout. Key Observations: Descending Channel Analysis: CAKE has been trading within a well-defined descending channel, signaling a period of consolidation and bearish sentiment. Recent price action indicates a desire for a shift in trend dynamics. Bullish Indications: Emerging bullish signals suggest that CAKE is preparing for a trend reversal. Traders are keenly observing key resistance levels that could validate this anticipated shift. Critical Levels: CAKE's Journey to Breakout Key Resistance at $5-6: CAKE faces a crucial hurdle in the form of a resistance zone between $5 and $6. A successful breach of this level, followed by a retest, could serve as a definitive bullish signal. Potential Scenarios: CAKE's Path to Bullish Terrain Breaking the Barrier: CAKE's ascent hinges on its ability to overcome the resistance zone. A decisive breakout could trigger a cascading effect, attracting bullish momentum. Retesting for Confirmation: Post-breakout, a retest of the breached resistance turned support would add confirmation to the bullish narrative. Traders should closely monitor these price dynamics for strategic entry points. Trading Strategy: Positioning for the Bullish Surge For traders gearing up for CAKE's potential bullish run: Target Key Resistance: Identify entry and exit points around the critical resistance level. Confirmation and Caution: Confirm the breakout with volume analysis and exercise caution in volatile market conditions. Long-Term Vision: Consider the broader market context and long-term trends for comprehensive decision-making. Conclusion: CAKE's Conquest and the $5-6 Frontier As CAKE endeavors to break free from the descending channel, the $5-6 resistance zone emerges as the battleground. Traders and investors alike are poised for potential bullish developments, awaiting confirmation signals for strategic market participation. 🍰 CAKE Analysis | 📈 The Quest for Bullish Reversal | 🎯 $5-6 Resistance Zone ❗See related ideas below❗ What are your insights on CAKE's impending breakout? Share your analyses, predictions, and strategies in the comments, contributing to the collective knowledge of the crypto community. The journey from descent to ascent presents an exciting narrative for the PancakeSwap faithful. 🚀🥞💚
Long
by Yaroslav_Krasko
2
CAKEUSDT.1DBased on the provided market data, the CAKE/USDT pair is currently trading at $2.444. The Relative Strength Index (RSI) over 4 hours is 46.19, which is relatively neutral. This suggests that the asset is neither overbought nor oversold. The Moving Average Convergence Divergence (MACD) for the same period is at -0.011, which indicates a bearish signal, as the MACD line is below the signal line. The Bollinger Bands (BB) 4-hour value is at 2.443, which is almost equal to the current price. This suggests that the price is fluctuating near the middle band, indicating a sideways movement. The first, second, and third support levels over 4 hours are at $2.276, $2.049, and $1.780 respectively, while the resistance levels are at $2.746, $2.828, and $2.293 respectively. Looking at the 1-day data, the RSI is at 61.18, indicating a bullish momentum as it is above 50. The MACD is at 0.264, which is a bullish signal. The BB value is at 2.811, which is higher than the current price, indicating a potential upward movement. The support levels are at $2.198, $1.666, and $1.280, while resistance levels are at $2.857, $4.009, and $4.719. As for the 7-day data, the RSI is at 67.78, indicating a strong bullish momentum. However, the MACD is at -0.0055, which is a bearish signal. The BB value is at 2.930, which is higher than the current price, indicating a potential upward movement. The support levels are at $1.507, $1.083, and $0.650, while resistance levels are at $4.075, $4.810, and $5.490. In conclusion, the short-term (4-hour) indicators suggest a bearish or sideways trend while the medium (1-day) and long-term (7-day) indicators suggest a bullish trend. It seems that there might be some short-term downward or sideways movement before the price potentially starts to rise again. Please note that this analysis is based on historical data and does not guarantee future performance. Always do your own research and consider your risk tolerance before making investment decisions.
by MarsSignals
3
Legendary Cake Trade to 100$All Data supporting this claim and why its possible: to reach 100$, MKT CAP Would be: 23 Billion Dollar which is very Possible Compared to the previous alt coin season and bull market in 2021 we have much more crypto users: As of 2022, the global crypto ownership rate is around 4.2%, with over 320 million crypto users worldwide, according to Singapore-based blockchain firm TripleA. The United States is the top country with 46 million crypto holders, followed by India, Pakistan, and Nigeria.1 According to Statista, the global user base of cryptocurrencies increased by nearly 190% between 2018 and 2020, only to accelerate further in 2022.2 The usage of cryptocurrency has grown by an incredible amount over the past couple of years, with an estimated 420 million crypto users around the world as of 2023.3 Bitcoin has become the world's best-known and most popular cryptocurrency exchange, with more than 190 million users worldwide (Aka MORE CRYPTO USERS) PancakeSwap is a very good use case coin, its no meme coin, it has a real use case 1,190,136 users in the last 30 days, 1.5 Billion locked only last 30 days, 16,766,495 trades only in the last 30 days. Pancake swap has a strong community: Community Members 1.7M + Multilingual Communities 15 + Community Ambassadors 35 + 4.4 out 5 stars based on institutional ratings according to coinmarketcap Overall 100$ a very possible target according to this data...
Long
by LegacyTrendX