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Cakeusdt

CAKEUSDT: Hidden Bullish Divergence, Will Reach 4.800 again?Hello, Fellow Pancake Swap Trader and Investor! Price Action Analysis CAKEUSDT is breaking out of the symmetrical triangle pattern. Moving above the EMA90 still moves in a bullish continuation trend. The MACD Indicator made a hidden bullish divergence, signifying a possible bullish upside movement to the target area. Other Technical Drives and Fundamental Drives a. U.S. Dollar Bearish Bias Still Prevails! b. Slower pace of Interest Rate Hike in the future All other explanations are presented on the chart. The roadmap will be invalid after reaching the target/support area. "Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the CAKEUSDT" *Support the channel by smashing the like button and follow for more content!"
Long
by financialfreedomgoals101
4
CAKEUSDT - Trade setup: Bake the cakeGreetings! I am looking to enter a nice 1:4 RR sell setup for CAKE that has some good potential ahead. So, as you can see on my chart, we broke an important level on the 4H TF and afterwards we started to drop. That move was a price manipulation to get some sellers out of the game. After this 4H bearish wave the price started to pullback and it looks like it is preparing for another drop. My TP areas will be around the 1H demand zones highlighted on the chart. Trade details: Entry: 3.922 SL: 4.035 TP1: 3.469 TP2: 3.320 RR: 1:4/1:5 Risk: 1% account balance Trade with care. NFA
Short
by AAlex91
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
CAKEUSDT...are you ready from some baking lessons?BINANCE:CAKEUSDT so here we go...we have a lot of opportunities today, but this one i think will make you a ZILLIONAIRE (i hope not). ……..…../´¯/)………… (\¯`\ …………/….//……….. …\\….\ ………../….//………… ….\\….\ …../´¯/…./´¯\………../¯ `\….\¯`\ .././…/…./…./.|_……_| .\….\….\…\.\.. (.(….(….(…./.)..)..(..(. \….)….)….)… ) .\…………….\/…/….\. ..\/……………./ ..\…………….. /……..\……………..…/ ….\…………..(…………)……………./ #STOP_BEING_POOR
Long
by meez_PremiumNOT
2
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
$CAKE, a long term gem.Back to early 2021, Pancake Swap was one of the most participated DEX. Volume, DAU and TVL growing make $CAKE sky-rocketed to $40. Then, bear market and DeFi winter came (along with lots of exploit on BSC DeFi protocols) and $CAKE price heavily dumped to the bottom of $3. In the last 2 months, $CAKE managed to bounce to $4, thanks to the market rally and some new Pancake Swap development. But the weekly candles growing weak, into a reversal pattern. $CAKE will have to back test $3 level before bounce back higher in 2023. Entry : $3.1-$3.3 Stoploss : $2.8 Target : $4.5 - $6 - $10 (longterm)
Short
by Chainslab_Analytics
PancakeSwap CAKE price is trying to break up from downtrendThe CAKEUSDT price has been in a falling trend channel since April 2021. In fact, almost immediately after "the hype CAKE" exited into the market, when the price of CAKE rose from $10 to $44 in a month, the search for a fair market price began. Looking at the chart, we can see aggressive buying of CAKEUSD from $3 After, buyers of PancakeSwap twice time bought back the price from the critical $3.60 level, giving him the status of a "mirror" Roughly speaking, we can say that a price zone of $3-5 is a zone of fair market price , which satisfies both buyers and sellers for the last six months. Therefore, in case of positive developments in the cryptocurrency market, we can expect the CAKEUSDT price to exit the falling channel. The first task of buyers is to break through and consolidate above $5.50. If this condition is met, in the medium term, you can start dreaming about growth to the region $8.75 - 9 If the wave of negativity again covers the crypto market and the price of CAKE drops below $3.60, then it is not worth buying CAKE again before $2.90-3. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
49
CAKEUSDT Elliott Waves Analysis Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Entry: market and lower (perfect entry zone 3.5 - 3.2) Target: 4.5 - 5.4 - 6.2 Main target zone: 6 - 6.5 after first target reached move ur stop to breakeven Stop: ~2.55 (depending of ur risk). ALWAYS follow ur RM. Risk/Reward: 1 to 3 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
Long
by trytofeelpositive
8