CAKE shortCAKE broke trough the ascending trendline. Asset broke trough the support level. Bearish movement to support level at 3.44 is possible.
CAKEUSDT.P trade ideas
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 Bullish Trend Intact: Reversal ExpectedLate January I made an analysis on CAKE and the fact it broke out of a 20-month long downtrend. This analysis still stands for the long-term.
In this analysis I want to focus on a more shorter-term analysis, As seen on the chart, CAKE has been bouncing off the bottom dotted support several times now. In my view, it's likely that CAKE will see a bounce of some kind in the near future. Targets in blue.
Short position // Cake /UsdtCake coin is in an ascending channel in the 4-hour time frame, and now it has reached the ceiling of the channel and also reached its important static area, and a negative divergence can be seen in rsi, which is confirmed in lower times and losing dynamic support. We can enter the sales position ourselves and stay until the bottom of the seller's channel
Pancake swap looking attractive as bulls increasePancakeSwap, a decentralized exchange (DEX) built on the Binance Smart Chain (BSC), is currently showing bullish signs in the cryptocurrency market.
According to recent analysis, PancakeSwap's 20 and 50 exponential moving averages (EMAs) have crossed over in a bullish direction, indicating that the asset may be poised for upward price movement. Additionally, the daily chart for PancakeSwap is displaying higher lows, which is another bullish indication.
Investors and traders alike are keeping a close eye on PancakeSwap, as a positive trend in the DEX could lead to increased interest and adoption of the BSC ecosystem. PancakeSwap's liquidity, fast transaction times, and low gas fees have made it a popular choice for decentralized trading, and the current bullish trend is adding to the excitement surrounding the project.
However, it's important to note that cryptocurrency markets can be highly volatile and subject to rapid price movements. As with any investment, it's essential to conduct thorough research and understand the potential risks before making a decision.
Overall, PancakeSwap is one to watch in the coming days and weeks, as the DEX continues to show promising signs of growth and bullish momentum.
CAKEUSD ❕ IFOTD Sequential formed a reversal signal down (1H TF)
After the end of the IFO the market will be flooded with assets, which were bought for participation in the presale.
I think that having fixed under resistance level CAKE will continue to decrease.
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!"
Who Wants some CAKEits been 281 days cake in accumulation range, formed a double bottom on weekly TF
imo its going to give us at least 130%
long some cakes
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.
CAKEJust buy some cakes, big move comming. That team still build..
$30 soon, moon later..
NFA
All my ideas are mainly for me, my feedback and fun!
CAKE/USDTDo you like discounts?
This is next big opportunity! Iam big farmer on PancakeSwap and I would like to shop indefinitely at such a price, but i cant :(..
Cake will go UP and soon hit new ATHs after that panic stop... Or maybe no, you know, who knows :D..
Iam in and will be, DeFi..
MFA & DYOR ofc..
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
🔥 CAKE Breaking Out Of 20-Month Bear TrendShortly after CAKE hit Binance, we saw a massive move upwards. However, CAKE quickly started selling off from which it never really recovered.
CAKE has been selling off now for the better part of 20 months, trading below and reversing from the dotted resistance line.
As of this week, CAKE has finally broken the perpetual downtrend and is looking slightly bullish even. My targets are in blue.
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.
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).
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#STOP_BEING_POOR
CAKEUSD ❕ Adam and EveTD Sequential has formed an up reversal signal (30m TF)
RSI chart is in the bullish zone (4H, 1H and 30m TFs)
Trading volumes indicate that the market is interested in price growth.
I believe that the asset will continue to grow after fixing above the support level.
#CAKE/USDT [ PancakeSwap ]: Resistance Breakout + Confirmation🔸 We've detected a Resistance Breakout and Confirmation on the CAKE/USDT chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. We may consider buying at the current price zone and targetting higher level.
• 📊 Technicals:
• ⎿ 24h P. change: 🔺 4.825%
• ⎿ 24h Volume: 10,143,528.451 USDT
CAKEUSDT | TRIANGLE BREAKOUTCAKE has been trading with in a symmetrical triangle on a shorter time frame.
The price has been converged.
Now the price has broken above the triangle.
The price may retest the breakout zone
The bulls need to hold above the triangle.
Manage your trades accordingly.
💁♂️ CAKEUSDT / 3D UPDATE 🔥✅ 26% 💁♂️ HI Everyone,
As you can see, according to the analysis, the price increased by 26% 🔥✅ from the specified range.
❎ (DYOR)...⚠⚜
WHAT DO YOU THINK ABOUT THIS ANALYSIS? I will be glad to know your idea 🙂✌
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