Get started

Cakeusdt

CAKEUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a one-week-time frame analysis for CAKEUSDT Here we have R1 which used to be a support area. And S1 used to be a resistance line at which the disability of the price to rise is seen. Presently, the price is fluctuating over S1 and we expect it to fall to this line and then start its rising tend to R1. It is less probable for the price at the moment to have a fall below S1. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
Long
by MarsSignals
Will CAKE in pair BTC beat its goals?Hello everyone, let's take a look at the 1D CAKE to BTC chart as you can see the price is moving in the local uptrend channel. Let's start by setting goals for the near future that we can consider: T1 - 0.0001561 T2 - 0.0001664 T3 - 0.0001768 and T4 - 0.0001915 Now let's move on to the stop loss in case of further market declines: SL1 - 0.0001463 SL2 - 0.0001407 SL3 - 0.0001326 and SL4 - 0.0001225 Looking at the CHOP indicator, we can see that we have a lot of energy in the 1-day interval, and in the MACD indicator we see that the blue line is approaching the red cross from below, which would confirm the upward trend.
by cryptodailyuk
Pancake Analysis ,CAKE/USDT Update 📈📉HEY, what's going on Guys ?! Since Dec 15, 2021, that I posted the last analysis for Pancake it has failed to rise again , actually after losing the support zone and hitting my SL ,it has been declining up until now . but today as you can see on the weekly timeframe for cakeusdt, after a massive crash and reaching current support zone stopped and now I think it want to attack pivot zone so then may fall again , but if it be able to take over this zone then breakout the descending trendline , so then after a nice pullback then it can reach the higher red resistance zone . but if it loses the current support zone so then it can even see lower support levels. ✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE! -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion ,not a financial advice ,so do your own research. 💜 if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
by PRO_SMART_Trader
CAKEUSDT | Wave Projection | Ending Diagonal Breakout / Fakeout?Price action and chart pattern trading > Elliott Wave downtrend projection with an ending diagonal pattern - possible breakout with one more final downtrend wave C minor > Potential reversal @ SMA50 breakout of local trend correction wave and confirmed trend reversal once breakout of Elliott channel of global trend > Indicator: MACD bullish divergence signal > Target Price @sma200 @Always trade with affordable risk and respect your stoploss
by dukeposh
CAKE - Explosive Move Coming! 🎂CAKE is one of the cleanest and easiest charts to read. We have a simple ABC correction and we're currently on the last bearish wave of C. We are now waiting for the first bullish candle to appear, at which point we'll know we've hit the floor. On lower timeframe we can look for reversal price action to confirm the floor. Trade Idea: - Watch for the final leg to complete. This can be done by looking for bullish price action such as trendline breaks, BOS, RSI oversold etc. - Once bullish price action appears and meets your criteria for reversal, enter with stops below the recent lows - Targets: 17, 26, long term target 40 Will update this chart once we've hit the aforementioned floor. Goodluck!
by WicktatorFX
12
🎂CAKE follow BNB. Is it time to buy after 15% fall?After BNB annaunce investing in Cakeswap it`s pump for 17% in 8 hours. As you see at volume indicator someone sells a lot of the coins (take profit). But why the price dump to the previous valua area of $4.34-4.42? The SEC raised a suspicion of Binance similar to the Ripple case. Allegedly BNB are shares of the exchange, which is not allowed by law. This news dump even Bitcoin for 6%! 📊 What is good for bulls? 🔶Price is trying to close inside the valua area of $4.34-4.42. It`s the first sign of strength. 🔶The second positive sign for bulls is the volume growth. What this mean? Someone open additional long possition because there is enough liquidity to buy. 🔶If the price start to squeeze to the trendline and additionally volume will grow it will be the third signal that bulls show the strength and ready to pump the price. 🔶Closure of cases of possible violation of the law by Binance exchange will give a strong boost to the price of BNB and CAKE. Targets for long are marked on chart: $4.88 - key level $5.65-5.85 - value are 📊 What is good for bears? 🔶The bulls were traped even on BTC so it`s possible that the price of all alts will follow the BTC price if the dump continue. 🔶If the SEC continues to investigate Binance, all altcoins linked to this exchange (CAKE, BNB, WRX, TWT) will consolidate or fall for a long time. For example, Ripple, which is about 2-3 years in a similar position in the bull market grew less than Bitcoin, although it has a capitalization of 10-15 times less. 🔶The false breakout of the trandline will b additional sigmal that the bulls haven`t enough power to push the price higher. Binance is the largest crypto exchange and it`s hard to image that it will be banned. Perhaps the exchange will just pay a small fine, since the proceedings only concern 2017. 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
5
The fat kid loves $CAKE$CAKE the local token for the PancakeSwap exchange on the Binance Smart Chain BSC has seen a significate drop after it's launch to ATH at $44. The bear market and drop in price for BTC has really hit it hard but the project remains great with genuine use case. 10's of coins are launched on the PancakeSwap exchange everyday it is still seen as the 'go to' for new coins and projects to launch. While I anticipate further moves to the downside to BTC and the market as a general I am looking for an entry into $CAKE around the $2.5 zone EIW theory puts it back up at $5.3 to put in wave 4 before a further dump to put in wave 5, possibly down to $2.2 which would be a great price to but in my opinion (depending on the state of the market and BTC) An ABC correction will be expected after wave 5 which according to EIW will put the price back up at $20 once wave C is in for a possible near x10 move. Combine this with the staking options that are available on the PancakeSwap website pancakeswap.finance with the fixed syrup pool offering up to 125% APY if you stake for 52 weeks (1year) which is an incredible return. Add #CAKE to your watch list guys
by jamesdbarnard
2