CAKE´s potential reversal zone @ $1.77 and "Achilles Last Stand"So here we are with NASDAQ:CAKE , not only did it enter the death zone but it also went "deep into it".
We made lower lows and thus decoupled from the rest of the pack (bitcoin, ethereum, bnb, even solana!) which is correcting, yes, but did not invalidate the - for the time being- end of the bearish trend that begun showing its teeth back in may 2022.
Where do we stand?
In my Eliott analysis, NASDAQ:CAKE is (or could be) finishing a wave 5 of 5 of C (the greater ABC correction).
I expect the target for a potential reversal to be a 1: 1.618 Fibonacci of this last 12345 wave, namely $1.777
It could even go as far as $1.50 and still rever (look at the October 2020 weak support at that level).
If it happened to fall from such a cliff...Achilles Last Stand would be @ $0.45 cents.
From there... twas´nice to meet you NASDAQ:CAKE :(
CAKE
pancakeswap hello dear traders
The new Tokenomics are great! Only whales leaving at the moment that would have left later on with much more value of Cake. The tradingvolumen is still the same if not increasing at the moment :D The website stats of monthly user won't change at all. New tokens and Ifos will keep launching day by day on pancakeswap. If you wanna buy Cake it's a great time now! The amount of cake that is getting burned the next weeks/ months will be hilarious high!🔥
Short cake to 1.34$ and 0.65 $Hello investors of cake.
Cake befor all time high nice position for buy in the price 1.34$ and 0.65$
And new ATH in 2025 dont worry this project is powerfull and future of the exchange and CEX killer.....
Short
Entry 2 $
Target 1
1.34$
Target 2
0.65 $
Please full of bag in the 0.65 for next bullrun to be rich person.... I promise u.
CAKE/USDT 🟢Technically, cake token has reached an important area that once in its past the pot has reacted positively to it, the formation of 2 peaks can be seen in it,
for long-term investment I will look at it and enter it one step. 💡🟢
make money ✌️
CAKE under resistance Mid - Long Term Hold IdeaMarket Cap: 509M
Category: DEX / DeFi
Target 1: 3.496
Target 2: 4.605
Target 3: 5.445
Stop Loss: 2.441
Manage Risk - have a stop loss in place
Not Financial Advice
This is for Entertainment Only
🔥 RIP CAKE: Going To Zero?CAKE has been dumping very hard over the past couple of days. Where the market has seen a big bullish move, CAKE completely ignored it and continued going down.
Why you ask? It has to do with a token unlock. Investors got their hands on 52-week staked tokens and sold them on the open market.
Apart from the terrible looking technicals, the idea behind this unlimited supply (inflationary) token just doesn't perform well in bearish market conditions.
If we will not see some kind of bounce from the June 2022 lows, I don't see any reason to be bullish on CAKE in the foreseeable future. In addition, we have to consider the fact that CAKE might have had it's peak and will slowly bleed to zero over time (which is not uncommon in crypto).
Is this token going to die? Reversal when?
Share your thoughts on CAKE🙏.
What’s in Market about #PancakeswapCake/USDT Chart Analysis: Is It Time to Buy?
Cake (CAKE) is a popular cryptocurrency that has been in the news lately due to its recent price movements. The coin has been experiencing pressure as investors are selling following the unlocking of tokens. This article will provide a detailed chart analysis of Cake/USDT and explore whether it is a good time to buy.
Chart Analysis:
As per the chart, Cake is currently trading at handle support. If it can hold this support, we can see an upward rally. However, it is recommended to wait for the market negative sentiments to settle before entering the market. If you decide to enter, the suggested buy level is around $2.5-$2.7. The pattern observed is a cup and handle pattern, which suggests that there is potential for the coin to increase in value.
Long-term Targets:
In the long term, Cake has significant potential for growth. The targets for Cake/USDT are $4.6, HKEX:8 , HKEX:12 , and $20. These targets are based on the analysis of the cup and handle pattern observed in the chart.
Stop Loss:
It is important to have a stop loss in place to minimize losses. If any daily candle closes below $2.30, it is recommended to exit the market to prevent further losses.
Market News:
Recent market news indicates that Cake has unlocked tokens, and investors are selling due to the broken promise of 200% staking reward, which was reduced to 46% after two months. This situation has created pressure on the coin, leading to a decrease in value.
Takeaways:
Cake is currently trading at handle support, and if it holds this support, an upward rally can be expected.
The pattern observed is a cup and handle pattern, suggesting that the coin has potential for growth.
The suggested buy level is around $2.5-$2.7.
The long-term targets for Cake/USDT are $4.6, HKEX:8 , HKEX:12 , and $20.
It is important to have a stop loss in place to minimize losses.
Recent market news indicates that Cake has unlocked tokens, and investors are selling due to the broken promise of 200% staking reward.
Conclusion:
Cake/USDT is a cryptocurrency that has shown potential for growth in the long term. The current chart analysis suggests that it is a good time to buy, provided the coin holds the handle support. However, recent market news indicates that there is pressure on the coin due to the unlocking of tokens and broken promises. It is recommended to do your research, invest wisely, and always have a stop loss in place to minimize losses.
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Thank you.
#CAKE🟩 Buy !
—
🔹 Double Bottom /daily.
🔹 Profit at Mid term 300%.
🔹 Market Cap 524 Mil Dollar.
🔹 Good for Investment.
CAKE in the verge of the "death zone"CAKE token has been struggling for a very long while.
We thought the sky was clear once we so the probable Wave 2 and an impulse that promised to be, and was not, Wave 3.
Sadly Wave 2 is being redrawn and 0.886% has been tested... today.
Should it break (and close a daily candle) below said Fibonacci value and it will be very unlikely to see a recovery.
Worried and attentively watching how it evolves...
CakeusdBnB starting to break out along w eth
Cake should follow and take out yearly highs imo
Breakout appears imminent
Banks still in a lot of trouble
CAKE IS BULLISHHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the CAKE symbol.
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
PancakeSwap (CAKE) formed Bullish Gartley for upto 31% moveHi dear friends, hope you are well and welcome to the new trade setup of PancakeSwap (CAKE) with US Dollar pair.
Previously we caught a nice pump of CAKE as below:
Now on a daily time frame, CAKE has formed a bullish Gartley move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
CAKE Idea for Long tradeLow risk, entry price: Above $3.890 till $3.900
Medium risk, entry price: ==> 1. Above $3.850 in Yellow Area & 2.After 1H or 2H candle sticks close in Yellow Zone above $3.850, it means that can be close to Uptrend line
CAKE vs USDT CAKEUSDT CAKEUSD BINANCE:CAKEUSDT CRYPTO:CAKEUSD
✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
CAKE/USDTlooks ready to explode, we have a descending broadening wedge, and inside of it we have a falling wedge pattern which we have broken out of, 2 bullish patterns, I will take position on 200MA flip and see how we react around the 200EMA, tight stop loss
Everybody Loves CAKE 🍰 Analysis #11/50Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on DAILY: Left Chart
CAKE has been stuck inside a big range between the 3.0 support and 5.0 resistance.
Now CAKE is approaching the lower bound / support zone so we will be looking for buy setups on lower timeframes.
on H4: Right Chart
CAKE is bearish from a short-term perspective trading below the red trendline.
🏹 Trigger => for the bulls to take over, we need a new high to form and then a break above the upper red trendline and red zone.
Meanwhile, until the buy is activated, CAKE can still trade lower till the 3.0 - 3.2 support zone .
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Do You Think Now is a Good Time to Buy CAKE?CAKE is nor 91% below it's ATH
If we buy now, and it goes to its ATH, we have a potential to gain more than 10x profit.
Even if it doesn't go to ATH, let's say only half to it's ATH, it's stilll 5x profit. Pretty damn good, aye?
In a shorter term, we can see that CAKE:
1. Bounce from it's support
2. Is in 618 fib retracement
We only need to wait for it to reclaim 50 EMA for further confirmation.
My target for shorter term will be around 5.8 USD
We can also use the CAKE bag to farm/stake, for additional income
Pancake Swap Chart Analysis 9 Bearish Sentiment in Short Term )Technical Analysis of $Cake/USDT:
The current trading price of $Cake is $3.81, and it is observed to be trading below the support level as per the 6-hour chart. The support level at $Pancake has now become a strong resistance level, and it is essential to monitor this level closely. If the price remains below the resistance level of $3.82, there is a high possibility of a bearish movement in $Cake.
After the breakdown, it is expected to see a 17% downward movement from the current level, resulting in the target prices of $3.50 and $3.13. It is recommended to keep a close watch on the support levels, which are $3.50 and $3.13.
However, if the resistance level of $3.82 is broken, the price may move upwards. It is also observed that the MACD is converting bearish as per the 6-hour time frame chart.
If you find this analysis useful, please appreciate and share it with your friends. Kindly follow me for the latest real-time updates on cryptocurrencies.
Thank you.
CAKE shortCAKE broke trough the ascending trendline. Asset broke trough the support level. Bearish movement to support level at 3.44 is possible.
CAKEUSDT Heading South in the short termAfter the downtrend being broken on Jan 24th, the upside move was able to penetrate the closest relevant level (4,08 USDT-4,32USDT) although it could not hold it.
Such short term weakness leaves a clear path down towards 3,13/3,30 USDT level.
3,46 USDT will be a key level to hold for bulls as it would open the possibility of having HHs and HLs.
5,5 USDT is still THE LEVEL to go 100% bullish on Cake.
CAKE Proffesional Analysis PancakeSwap, a decentralized exchange built on the Binance Smart Chain, is currently generating a lot of attention in the cryptocurrency market. The recent bullish trend seen in the 20 and 50 exponential moving averages is providing a positive outlook for the asset. This crossover of the EMAs is a positive sign for traders and investors, indicating that the price of PancakeSwap is likely to move upward in the near future.
Furthermore, the daily chart for PancakeSwap shows higher lows, a bullish pattern that is further supporting the positive outlook. The fast transaction times, low gas fees, and high liquidity on PancakeSwap have made it a popular choice for decentralized trading, and the current bullish trend is only adding to the excitement around the project.
However, as with any investment, it's important to keep in mind that cryptocurrency markets can be highly unpredictable. It's essential to do thorough research and understand the potential risks before making any investment decisions.
Overall, PancakeSwap is worth paying attention to as the asset continues to display bullish signs and potential for growth in the decentralized exchange market. With a strong following and increasing popularity, PancakeSwap is one to watch in the near future.
CAKE shortCAKE bounced down off the resistance level. Asset broke trough the ascending trendline. Bearish movement to support level at 3.665 is expected to happen.
$CAKE has broken the downward channelPancakeSwap token CAKE has broken the downward channel, It's gonna explode in next couple of months.
