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CAKE

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.
Long
by Arash-RK
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
by TheSignalyst
2
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
Long
by Evolutiontrading-Indonesia
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.
Short
by CryptoPatel
5
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.
BINANCE:CAKEUSDLong
by LegacyTrendX
1
CAKE reacted positively to the supportCAKE reacted positively to the support of the range of $3.56 to $3.63 and continued to move upwards again. In the daily timeframe, a higher ceiling has been recorded than the ceiling of the previous downward wave, indicating the medium-term conditions are bullish. Therefore, there is still a possibility of retesting the resistance and breaking the resistance in pullbacks. Of course, the negative reaction to the candle yesterday can indicate that the price trend this week and in the 4-hour time frame can turn into a range mode. So the previous floor at the $3.56 -$3.63 support limit can be retested, forming a large range zone. Also, after the top of the main descending channel is broken, we expect a pullback to the top of the broken channel. The main resistance of CAKE is also considered in the range of $5.20, which can be associated with a strong negative reaction.
by MonoCoinSignal
3
CAKE: Falling Wedge BreakoutPancakeSwap (CAKE) technical analysis: Trade setup : Bullish breakout from a Falling Wedge pattern, which could signal a trend reversal and upside potential to $4.00 resistance and 200-day moving average. Patterns : Falling Wedge It usually forms after a downtrend and suggests a potential bullish reversal in the original downtrend. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). Support and Resistance : Nearest Support Zone is $3.00. The nearest Resistance Zone is $4.00.
Long
by altFINS
Pancakeswap (CAKE/USDT) Close to Reclaim Levels Above $4Pancakeswap has been one of the popular crypto asset in the market. CAKE price has displayed acute strength ever since it formed its lows by the mid-June 2022. It was on its path to reclaim the lost levels, but the recent FTX-fiasco flipped the entire market flipped and fell into a deep bearish trap, from which the CAKE price is unable to make a comeback. However, the price is trying hard to set up a bullish outlook and hence is able to sustain above $3 despite extreme bearish pressure. The price rebounded finely from the 0.236 FIB levels around $3.2 and consolidating finely just above these levels but constantly failing to surpass the levels at $3.5, hence has become a pivotal zone to clear. Once these are cleared the next leg up may uplift the price beyond 0.382 FIB levels close to $3.7, beyond which the possibility of reaching $4 may emerge before the end of the yearly close. Besides, the volume has dropped miserably which may hinder the progress of the rally by lowering the pace. Therefore, CAKE price could have a bearish close provided bulls remain off-the-shore until the start of the fresh yearly trade.
by Coinpedia-Market-Insight
1