CAKEUSD ❕ liquidity zoneCAKE is held above the middle of the liquidity zone.
Price has broken up 50EMA on the 4H Timeframe.
50EMA and 200EMA formed a golden cross (1H TF)
I expect a rise after fixing above the zone.
CAKEUSDT.P trade ideas
long CAKE$CAKE bounced off the support level. Bullish movement to the resistance level at 3.48$ is likely to happen.
CAKEUSD ❕ oversoldRSI chart indicates oversold (4H and 1H TFs)
Price is in the oversold area of the BB indicator (4H TF)
Expect a bounce if price holds above the support level.
CAKEUSDT DThis is my analyse on CAKEUSDT. DAILY timeframe .
PLEASE Don't forgot risk and money management.
THANK YOU FOR YOUR TIME.
PLEASE BOOST AND FOLLOW..
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.
CAKEUSDT pullback before bearish impulse?the price had a breakout from the dynamic support and static one.
We are waiting for a clear pullback in order to apply our rules
How to approach it?
IF the price is going to have a retest, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
quick CAKE scalpprice has formed an inverse head and shoulder and is squeezing to the trendline.
expecting a break and growth.
CAKEUSDT BUY ZONEScakeusdt buy zones
Enteries: $3, $3.3, $3.5
Stake this coin at these levels. Gains looks promising in this bear market for the short to midterm
$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)
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.
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CAKEUSDTPancakeSwap is an automated market maker (AMM) — a decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return.
CAKE About to go to sleep Notice CAKE is fluctuating in a bearish channel, its move up is just a momentary impulse.
CAKE longCAKE broke trough the descending trendline. Asset broke trough the resistance level. Bullish movement to resistance level at 4.105 is expected to happen.
CAKEUSDT Elliott Waves Analysis Hello friends.
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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!
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The important resistance area!CAKE had a range trend during the last week. Its price fluctuates between two very important resistance and support levels corresponding to the 4-hour time frame. The support was considered in the range of $3.42 to $3.65, and its resistance was in the range of $4.10 to $4.20. If the resistance and range of Bitcoin are broken, we can expect to see the price continue to grow until the next target range of $5. Note that the current resistance is very serious and important.
Breaking this range requires the stabilization of favorable conditions in the market. Because it can both increase the trend in the 4-hour timeframe and the price can completely exit the long-term downward channel. For the short-term and in the 1-hour time frame, as long as the support of the $3.82-$3.87 range is maintained, there is a potential to break the resistance. You can also consider a symmetrical triangle pattern for the current price in the same time frame. Failure of the pattern from any side can affect the continuation of the price of this currency. According to the type of candles and most likely, the direction of price departure from the pattern will be from above. In this case, we can expect a further price increase from CAKE after breaking the resistance and pulling back to it.
Eliminate sales pressure?!CAKE had a sharp downward trend during the past weeks. After the buyers brought the price to the resistance level of $5, there was a strong reaction in this area, and the saving of profit by the buyers, along with the selling pressure that was applied in the whole market, caused a 30% price dump of this currency. The support level that was considered in the range of $4.10 to $4.23 for this currency has now turned into resistance. But the second support, which was in the range of 3.46 to 3.65 dollars, has been associated with a good positive reaction.
The market made a return to its resistance levels last day, and CAKE currency has hit the resistance of $4 with the good support of its buyers. In the 4 hours, the price trend of this currency can become a range mode if it does not break the resistance of $4 because the power of buyers has risen dramatically above the previous support level. Therefore, we expect a range trend from this currency this week. If the buying support continues and the $4 resistance is broken, the price could break out of the long-term bearish channel, and this could go a long way in removing the selling pressure.
CAKE (Time to grow)Hello traders,
Based on the chart,
I dont know will be one more small decline or not, but i think that in midterm CAKE will show some growth.
Entry: market and lower
Targets: 4.8 - 5.5 - 6
after first target reached move ur stop in breakeven!
SL: ~2.6
Risk/Reward: 1 to 2.5
Good luck!
Please, feel free to share your point of view, write it in the comments below, thanks!
CAKEUSD ❕ tests the rangePrice is under liquidity.
The price is overbought on the BB indicator (4H TF).
RSI indicator indicates overbought (1H and 30m TFs)
I believe CAKE could correct if it gets under the lower boundary of the current range.
long CAKE$CAKE broke through the resistance level. Bullish movement i expected to continue and reach the resistance at 4,41$
CAKE/USDT Good for spot buysHey, guys
So how is it going on that bearish market guys? We are starting to buy some spot holding for long term so let's take a peek at CAKE/USDT. Alongside this "red" market the Pancakeswap token has been in sideways correctional movement for the last few weeks. However we have approached the Key Support Level at $3.7 which is offering a good possibility for a recovery right there. We are going to have 2 entries on this coin which are displayed on the charts as well.
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🔥 CAKE Is Still Dead: More Selling AheadA couple of months ago I made an analysis on CAKE and talked about the terrible downtrend it has been trading in. I noted that a break out through the dotted resistance could indicate that most of the selling was over. Sadly, we reversed yet again and thigs are again looking bad.
In my view, we're going to see more selling, potentially even a lower-low in the coming weeks/months. CAKE is still a dying token with little technical reasons to be bullish.
Targets in blue.
💁♂️ CAKE/USDT _ 3D 💁♂️ HI Everyone,
As you can see, the price is in the range of 3.82. In a 3-day time frame, if the price penetrates below the 3.60 range, the price may be accompanied by a correction to the $3 range. 💹
Support Ranges $3.30/3.10$/2.45$ ⚠️
Maintaining the specified range is important! !️
We may see further correction if we lose the 2.45 support range. ❗️⚠️
❎ (DYOR)...⚠⚜
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