CAKE - Keylveles - 2DaysThese are my Keylevels on 2days ,timeframe, even if we have a 2x from 1 to 2usd , there is still a downtrend.
CAKE
CAKEUSDT.1DBased on the given market data, the CAKE/USDT pair is currently priced at 2.347 USDT.
From a technical perspective, the Relative Strength Index (RSI) is currently at 89.61 for the 4-hour chart, 92.41 for the daily chart, and 58.66 for the weekly chart. These figures suggest that the currency is currently overbought in the short-term (4h and 1d) and may be due for a correction. However, the weekly RSI is in the neutral zone, indicating a balanced market condition over a longer timeframe.
The Moving Average Convergence Divergence (MACD) values are at 0.239 and 0.163 for the 4-hour and daily charts respectively, suggesting a bullish trend. However, on the weekly chart, the MACD is -0.279, which shows a bearish trend.
The Bollinger Bands (Bb) are at 2.404 for 4h, 2.382 for 1d, and 2.250 for 7d, indicating a high degree of price volatility in the short term.
Looking at the support and resistance levels, the first support level on the 4-hour chart is at 1.800, and if it breaks, the next supports are at 1.243 and 1.020. The resistance levels are at 2.497, 2.800, and 3.01. For the daily chart, the supports are at 1.291, 1.049, and 0.900, and resistances at 2.960, 4.150, and 4.730. On the weekly chart, the supports are at 1.388, 0.899, and 0.840, and resistances at 3.069, 4.870, and 5.470.
In conclusion, the CAKE/USDT pair is showing mixed signals. The short-term charts (4h and 1d) indicate an overbought condition and a possible correction, while the weekly chart indicates a neutral to bearish sentiment. Traders should proceed with caution and consider both the short-term and long-term indicators before making a decision.
CAKEUSDT IdeaBINANCE:CAKEUSDT BINANCE:BTCUSDT
⚠️ Disclaimer: The following insights reflect my personal perspective on the market, relying on publicly available information and historical data. While some opinions stem from my actual trades, others do not. I am not a financial advisor, and I bear no responsibility for your trading choices.
✅ Feel free to reach me out with any questions or recommendations. I am more than willing to assess and analyze any currency pair or index that piques your interest.
#CAKEThe green area can have a bye up to the specified area, which can continue to grow for 4 hours up to the specified area.
CAKE is back! Much work was done to remedy the inflation from an unsustainable 60-80% to 3-4%. CAKE is now burning more than emitting which makes this token technically deflationary even if there is still emission running at a rate of 1.45cake per block which is 1/10 of what we saw in previous months. From oversold area now rising with impressive volume back to live. It entered the top 100 coins list and still has a lot to offer. Was waiting for this bullish weekly signal around 1,75usd which now seems to be confirmed soon.
PancakeSwap ($CAKE) Sustainable Growth PancakeSwap (CAKE), the dominant decentralized exchange (DEX) platform on the Binance Smart Chain, appears to be back on track, with a parabolic price surge. At the time of writing, the altcoin is up by 28%, with its price changing hands at $1.55. By the current outlook, PancakeSwap has soared in a parabolic manner to its highest price level in the past month.
PancakeSwap is typically not a high flier when it comes to potential price resurgence. However, three prominent announcements triggered the massive buy-up being recorded at the moment.
First, the DEX protocol announced that it has completed the last round of revenue distribution to its staking program participants. Though the CAKE involved in this distribution is pegged at just 13,977 units, it underscores how functional the DEX is in terms of attracting external community participation.
Secondly, PancakeSwap announced the listing of USDⓈ-M CAKE Perpetual Contract on Binance Exchange. This listing is considered a big deal based on the size of the Binance community and the exposure the listing will grant to CAKE moving forward.
Besides these updates, PancakeSwap also confirmed that its DEX across the V1, V2 and V3 protocols has recorded a trading volume worth $600 billion. This is a testament to retail activities, and it complements the 799.16% jump in daily volume to $127,353,502.
PancakeSwap And Sustainability Goals
As the pioneering DEX on Binance Smart Chain, PancakeSwap has shown it is committed to sustainable growth over the years. The protocol has an active CAKE burn program as it eyes a deflationary push amid uncertain market conditions.
One of its key growth markers is the consistent uptick in trading volume. Per its design, PancakeSwap is a venue where most DeFi traders go to swap their tokens, presenting an alternative to Uniswap, whose adoption is often marred by excessively high network fees.
With PancakeSwap remaining sustainable in its offering, the growth appears largely unsurprising to those following its performance.
🔥 CAKE Falling Wedge: Break Out Expected!On several previous occasions I've written about CAKE and the fact that this token is dying. I don't see CAKE perform well in the next bull-run, but that doesn't mean that CAKE can't go up.
I'm looking at the falling wedge on the chart. If we can get a break out in the near future, ideally above 2$, I'd wager that the break out is a success. My target would be 10$. Might be far-fetched, buit seeing that CAKE was one of the major losers of the bear market, there's potential for a big bounce.
CAKE/USDT Secondary trend. Pivot zones. 08 2023Local trend. Logarithm. Time frame 3 days.
Local trend. Work in it Risk Management.
In the local trend at the moment, this coin is interesting to work on, especially since the triangle is almost formed and the dénouement is coming soon. Stops will be quite short in the direction of the breakout.
Take a local profit (probably 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, everything can be the opposite, you will be the lucky one who “had time” before the “sunset”. Learn to profit from the market, it is better to take a little bit at a time, limiting risks, than to take potentially large profits (which is what most “sectarians” are waiting for).
A linear price chart with no market noise.
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.
Major trend. Time frame 1 week.
CAKE Basic trend. Working with reversal zones. Money management. Read the text in the description of the main trend idea, it's important.
CAKE/USDT - PancakeSwap: Trend_Reversal◳◱ An intriguing development has unfolded on the NASDAQ:CAKE / CRYPTOCAP:USDT chart as we've identified a compelling Trend Reversal. This shift in price dynamics indicates a noteworthy potential trend change. It's crucial for us to pay attention to the next resistance levels located at 1.181 | 1.245 | 1.374 and the significant support levels found at 1.052 | 0.987 | 0.858. Taking these factors into consideration, it may be prudent to contemplate entering a buy position at the current price of 1.219, allowing us to take advantage of the projected trend continuation.
Let's keep a watchful eye on this exciting opportunity and stay proactive in our trading strategies.
◰◲ General info :
▣ Name: PancakeSwap
▣ Rank: N/A
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Hitbtc
▣ Category/Sector: N/A
▣ Overview: PancakeSwap project overview is currently unavailable. I'll try to update this in the upcoming analysis.
◰◲ Technical Metrics :
▣ Mrkt Price: 1.219 ₮
▣ 24HVol: 4,773,376.974 ₮
▣ 24H Chng: 0.578%
▣ 7-Days Chng: N/A
▣ 1-Month Chng: N/A
▣ 3-Months Chng: N/A
◲◰ Pivot Points - Levels :
◥ Resistance: 1.181 | 1.245 | 1.374
◢ Support: 1.052 | 0.987 | 0.858
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: N/A
▣ Last 90D: N/A
▣ Last 1-Y: N/A
▣ Last 3-Y: N/A
◲◰ Volatility :
▣ Last 30D: N/A
▣ Last 90D: N/A
▣ Last 1-Y: N/A
▣ Last 3-Y: N/A
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.67 - Bullish
▣ Reddit sentiment score is 0.60 - Bullish
▣ In-depth CAKEUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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PancakeSwap CAKE - The Road to $150PancakeSwap is the place you trust when it comes to swapping your AltCoins.
Its symbol: CAKE ( CAKEUSD , CAKEBUSD , CAKEUSDT ).
If you take a look at this one, it's a no-brainer.
Things are looking up.
Although the Crypto Markets have been smashed lately, the Sun will shine on almost all projects.
And I intend to be ready. Got myself a portfolio and adding gently to it on most big dips.
HODLing requires patience, but time passes anyway, so might as well do something with it.
My next buying point is: $1.2 .
So, let's ramp things up with some awesome CAKE Trade Idea.
CAKEBUSD Technical Analysis:
* Elliott Wave Impulse: Cycle a (white)
* A-B-C Elliott Wave Correction: Primary A-B-C (red)
* Ending Diagonal in Primary C (red)
* Bullish Divergence
* 88.6% Fibonacci Retracement
* 61.8% Fibonacci Extension of Primary A &B (red)
* Demand Zone
* Double Bottom
Early '23 I'm expecting a start of a greater cycle.
Good luck HODLers!
Brief Analysis——CakeMany tokens have entered a bearish channel since March, and the price has fallen continuously and even updated their lows for the year. If you pay attention to the on-chain data, then you should know that this is due to the withdrawal of liquidity from the market. There are more tokens and less funds. Funding will be concentrated toward stronger projects, just as it is apical dominance in biology. Under such an influence, some tokens used as emission rewards have greater downward pressure.
As a classic DEX, Pancake also encountered such a situation. Not only is there a decrease in funds in TVL, but the price of its token emission token Cake continues to fall, hitting a new low this year.
Through the ME indicator, we can see that starting from Mar.11, CAKE entered a new bearish channel, and the price remained below the yellow area. Now, the ME indicator continues to maintain its bearish trend.
(The ME indicator is a trend indicator. The yellow wavy area represents the resistance area, and the purple area is the support area. The signals of S and B correspond to the entry point of short positions and long positions respectively, but do not indicate the exit point.)
Now, the ME indicator gave an S signal, which shows that the bulls at the small level have reached the extreme point and the price will fall again. Cake will begin a new decline in the short term. If you happen to have opened a short position, when CAKE has a long green candle, you can use it as the closing point to take profit.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Cake, A Long-Term Theory (PancakeSwap)Hello Friends.
How are you today ?!
I hope you feel great and always be happy and successful.
Do you agree that you can buy cake at a great price in this area?
I have identified price reaction areas to this descending channel and drew circles in different colors. please focus on these colors.
some of them mean reacting to the top of the channel (Green Circle). some of them reacted to the mid-line (Purple circle)and finally, I expect the price to touch the last red circle around 50 cents at the end of the correction. what do you think?
You should look for a divergence at the End of the movement and then buy and hold for the long term. I think it's the best zone to buy. So, don't hesitate to buy in this zone.
I tried to explain easily, fast, and understandable.
Feel free to let me know in the comments section below!
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also, share your ideas and charts in the comments section below! **
Sincerely Yours
Ho3ein.Mnd
Cake’s Bus to the underworldBelow you can check Cake’s Bus Stops on its way to the “underworld” of tokens.
Who knows if it can be saved at this sad point.
Sad story.
Good times are now long gone.
update ethereum cakeI'm doing some tests with a new indicator.
In the case of cake, it is indicating a local top at 1,646 usd and a bottom close to 1,300 usd.
Follow me and share with a friend to encourage me to make the bookmark available to you in the future.
CAKEUSDTHello Crypto Lovers, This is a 4H frame analysis for CAKEUSDT The price has reached our support line and we expect it to support the price again and move towards its resistance line which it has attempted to break several times but has not been able to sustain above it. Keep in mind that if the price is unable to support and sustain below the support line with multiple candles, we can expect further decline. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
cake buyBINANCE:CAKEUSDT we are almost on upgoing trend line , risk reward ratio is above than 3 , thats worth it, lets take it.
short CAKENASDAQ:CAKE broke through the short term ascending trendline after rejection at major resistance areas. Decline to support level at $1.41 is likely to happen.
CAKEUSD Short term break out at $1.601 - Fast profit of 3%After a lot of time I was interested to see the CAKEUSD pair and see what is going on there.
As it is normal, NASDAQ:CAKE follows the same pattern as CRYPTOCAP:BNB does due to the recent news and all the turbulance that exist in all the crypto market and more specifically to BSC ecosystem.
It is very interesting however to examine CAKEUSDT chart and see the potential profits that can provide to us.
Right now, NASDAQ:CAKE moves around $1.558 which is on the low boarder of this graphic - the support.
In the hourly chart this might tought the price of 1.57 and then hit the resistance of $1.601.
SL is the price of $1.544 where a new analysis of the chart will be needed there.
Let me know your opinion on NASDAQ:CAKE charts!! COMMENT BELLOW!
Happy gains to all!
NYSE:AWK+NASDAQ:LOVE+NASDAQ:TCOM*4+NASDAQ:CAKE*4 New GroupNYSE:AWK+NASDAQ:LOVE+NASDAQ:TCOM*4+NASDAQ:CAKE*4 This is my new group it started at $3.50 this morning. Was finally able to get a 1 long term of my new addition CAKE and 3 short term. Same game plan. Wait for a strong day and look for potential weakness and take profits. Add something new to keep the balance. Will post a new list of refill potentials later.
This combination has been working pretty good by keeping my group in the green even when one needs to reaccumulate or I get in to early.
CAKE set up for Profit Run Monthly, Weekly, Daily should be hugeThanks to Savvy Sean for finding this and asking me to chart it... I havent seen a monthly that was this ready and in line with weekly and daily at the same time....so This should be a huge move. I got 1 110 day and 3 43 day option plays on this.... plan on pulling some profits the first sign of weakness on a longer time frame. However I plan on jumping back in at the bottom of same move. this should run for a few months. the target is the 50% drop it took in price action around $68ish...
Like follow Boost its all free.... if you find this interesting and want to see more.
by iCantw84it
07.03.23
🔥 CAKE Is Done Dumping? Amazing Risk-Reward Bounce PlayOver the last few months I've made several CAKE analyses where I discussed the massive dump that this token was experiencing.
Like mentioned before, I think that CAKE as an asset is dead, but that doesn't mean it can't offer good trading opportunities.
This trade is based on the assumption that CAKE will reverse sharply after the crazy April & May dump. I'm fairly certain that CAKE will never see a new all-time high again, but a 2x from here is certainly in the cards, especially with a bullish Bitcoin.
I'm waiting for CAKE to close above the most recent high of 1.67, stop below the swing lows and a target of 3.50, roughly where the dump started.
CAKE/USDT - CakeDAO: BBand_Breakout◳◱ A Bollinger Band breakout has been identified on the NASDAQ:CAKE / CRYPTOCAP:USDT chart. The price has moved outside of the upper Bollinger Band, indicating a potential bullish trend. The next resistance key levels are located at 1.47 | 1.538 | 1.69, and the major support zones can be found at 1.318 | 1.234 | 1.082. Consider buying at the current price zone of 1.462 and targeting higher levels.BBand_Squeeze
◰◲ General info :
▣ Name: CakeDAO
▣ Rank: None
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Poloniex, Mexc
▣ Category/Sector: N/A
▣ Overview: CakeDAO project overview is currently unavailable. I'll try to update this in the upcoming analysis.
◰◲ Technical Metrics :
▣ Mrkt Price: 1.462 ₮
▣ 24HVol: 8,569,931.380 ₮
▣ 24H Chng: 3.03%
▣ 7-Days Chng: N/A
▣ 1-Month Chng: N/A
▣ 3-Months Chng: N/A
◲◰ Pivot Points - Levels :
◥ Resistance: 1.47 | 1.538 | 1.69
◢ Support: 1.318 | 1.234 | 1.082
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: N/A
▣ Last 90D: N/A
▣ Last 1-Y: N/A
▣ Last 3-Y: N/A
◲◰ Volatility :
▣ Last 30D: N/A
▣ Last 90D: N/A
▣ Last 1-Y: N/A
▣ Last 3-Y: N/A
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.67 - Bullish
▣ Reddit sentiment score is 0.42 - Bearish
▣ In-depth CAKEUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
Discover it here - affiliate link -
