CAKE : Bearish soonCake is testing the uptrend line multiple times and i am pretty confident the line will be broken soon... Currently, CAKE is not listed on futures so if you have CAKE, It is better to take profit and buy back lower
CAKEUSDT.P trade ideas
CAKEUSDTThe price has reached a critical range and I am waiting for confirmation for a sell position. Note that if the price rises above the daily range of 4.55, our analysis will be fielded
CAKE longCAKE bounced off the ascending trendline and bounced off the support level. Bullish movement to resistance level at 4.59 is expected to happen.
CAKEVery simple ... Very clear
We are probably at the end of the corrective correction and the next downward step is starting.
This is my personal opinion. Please do not trade based on my analysis and data.
CAKEUSDT is testing the daily supportThe price printed a double top on the daily resistance around 4.5$ where the price got rejections.
Now the price is inside an ascending channel and it's testing the daily support on 4$ area.
How to approach it?
IF the price is going to lose the support and the ascending channel, 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.
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Follow the Shrimp 🦐
Cakeusdt 6% profit so farWell in my previous idea i suggest to buy this coin.. now have a look at it.. its going good..
Expecting much more
CAKEUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for CAKEUSDT
Here we have R2 and R1 as the resistance areas that express the unsuccessful triumphs of the price in order to rise. And S1 and S2 are our support areas which include the support of the price since the past. Thus, we have the price fluctuating below R1 area and we believe it will have a decline to S1. At this area, we must wait for some signs in order to have a precise analysis. If the price gives us some confirmation candles to rise, an increase will be predicted to happen for it to R1. But in case we receive some falling signs, a decline is waiting for it toward S2 (this is not so probable at the moment).
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
Cakeusdt ,,,, break triangle !!Hello traders. If the cake can break the triangle upwards, it will grow to the length of the triangle.... First target 9/220
Pancakeswap ( CAKE ) 4h chart Trading setup Hello again.
Share and like is much appreciated.
Cake setup for a trade.
WANNA Some CAKEUSDT ? here is a chance.Cake is very bulish on this time.. and also on support zone.. good BUYING opportunity is here..
Im expecting a 30% rally from CAKE
cake FReee signal
#CAKE/USDT
Exchanges: Binance
Signal Type: Regular (Long)
Amount: 2.0%
💎 Entry Targets:
1) 4.189- 4.106
Take-Profit Targets:
Target 1: 4.273
Target 2: 4.328
Target 3: 4.454
Target 4: 4.890
Target 5: 5.300
Target 6: 6.294
Target 7: 6.810
Target 8: 7.550
🚫 Stop loss:
4.037
Cakeusdt....Target I put the resistance in the safer area, i.e. the price of 5000, until then it is safe, but we don't know if it will cross 5000 or not. we are waiting.
CAKE HELLO GUYS THIS MY IDEA 💡ABOUT CAKE is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this long position..
and when the price come back to this area, strong buyers will be push up the market again..
UPTREND + Support from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
CAKEUSDTCAKEUSDT(09.10.2022 UPDATED)
Wait until price touches the trend lines then look for signal bar and key bar /Breakout and pullback to recognize direction of price movement.
Money Management must be obeyed.
Open position without setting the proper stop loss (1% or 2% of total balance ) soon or late will cause to lose all your money ( call margin )
Majority of trades is done via computer trading (forex / cryptocurrency)
priority in analyzing charts:
1- Price Action
2- Market structure
3- Chart patterns
4- Candlestick patterns
5-Divergence
6-Indicators
SETUP IN TRADING RANGE: BLSH
BLSH:BUY LOW SELL HIGH
PancakeSwap Bull Market Can Return if it Breaks This LogarithmicPancakeSwap (CAKE) may not see a new bull market until it clears its weekly logarithmic trendline. At the same time, cycle-wise, the cryptocurrency seems to have completed an Elliott Wave flat structure that suggests that we're about to bottom.
CAKE Logarithmic Trendline
The downward sloping logarithmic trendline connects all the major swing highs, starting with the 2021 all-time high of $44.27. The logarithmic trendline also aligns with the 200-day simple moving average, which gives it more weight.
In this regard, a breakout can lead to a shift in the trend direction.
CAKE Elliott Wave Cycle
CAKE’s price is currently trading near its historically lowest level, but based on the Elliott Wave analysis, CAKE's long-term price structure mimics a flat pattern. Flats are corrective patterns in nature with an internal 3-3-5 wave structure.
The first wave ended at the $44.27 all-time high, followed by another 3 wave price structure in wave B, which ended at the $9.44 low. The cryptocurrency then resumed lower in wave C, subdividing into another 5 wave price structure.
In the short term, the current low of $2.48 remains intact; the correction can be called completed.
Following this EW cycle, the cryptocurrency may be in the process of bottoming out. However, the next bull run will be confirmed once the CAKE price clears the logarithmic trendline.
Another sign of a shift in the market can be signaled by a breakout above the 50 mid-level of the weekly RSI oscillator. Once the logarithmic trendline is cleared, there is not much resistance underway until the $10 psychological level.
Cakeusdt...Target ⚠️As long as it crosses the level of 4.500 and after 4.900, there is still no progress, and it is still bearish... But for now, to the end of the side of the triangle and the top of the Cuomo cloud, I can be optimistic that it will reject the 4.900 level. When it passes this level, I can say that the trend of the cake has changed from decline to progress.
Crypto101 - What is DeFi & Blockchain ?Hi Traders, Investors and Speculators📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
Whether you've just gotten into crypto trading or you're trying to expand your knowledge on what this space has to offer; this post is for you!
Decentralized finance or DeFi, is a financial ecosystem based on blockchain technology. So lets recap, what Is a blockchain exactly?
Blockchain is a software technology, it is basically computer coding that creates a usable service like an app or website for the public. Most blockchains are entirely open-source software. This means that anyone and everyone can view its code. The first-ever implementation of Blockchain was originally written in C++ (coding language). Blockchain and it's possible use cases was first introduced to the world in the Bitcoin Whitepaper, written by the infamous Satoshi Nakamoto (the pseudonym used by the creator or creators of BTC).
A blockchain is an online database that is shared to many computer networks. This means that if one computer in the network fails, the data is unaffected and transactions carries on. It is not dependent on one single data storage facility. As a database, a blockchain stores information electronically in digital format. A blockchain collects information in groups, known as blocks, that holds many sets of information (like time of transactions, amounts etc.). Blocks have certain storage capacities and, when filled, are closed and linked to the previously filled block, forming a chain of data known as the blockchain. An online database usually structures its data into tables, whereas a blockchain, as its name implies, structures its data into "3D chunks" (blocks) that link to each other. For easy reference and transparency, each block in the chain is given an exact timestamp when it is added to the chain. The revolutionary innovation idea behind blockchain is that it guarantees the truthfulness and security of data and generates trust without the need for a government/private institution to validate it.
Back to DeFi - In centralized finance , your money is held by banks and corporations whose main goal is to make money . The financial system is full of third parties who facilitate money movement between parties, with each one charging fees for using their services. The idea behind DeFi was to create a system that cuts out these third parties, their fees and the time spent on all the interaction between them. Defi is a technology built on top of blockchain - it can be an app or a website for example, which means that is was written in code language by software programmers. It lets users buy and sell virtual assets (like crypto and NFT's) and use financial services as a form of investment or financing without middlemen/banks. This means you can borrow, lend and invest - but without a centralized banking institution. In summary, DeFi is a subcategory within the broader crypto space. DeFi offers many of the services of the mainstream financial world but controlled by the masses instead of a central entity. And instead of your information being filed on paper and stored by a banker, your information is captured digitally and stored in a block with your permission. Many of the initial DeFi applications were built on Ethereum (which is a blockchain technology, but the code is different to Bitcoin's, in other words it operates/works differently). The majority of money in DeFi remains concentrated there.
Lending may have started it all, but DeFi applications now have many use cases, giving participants access to saving, investing, trading, market-making and more. A prime example of such a market is PancakeSwap (CAKEUSDT). PancakeSwap is a decentralized exchange native to BNB Chain (Binance chain). In other words, it shares some similarities with established platforms like UniSwap in that users can swap their coins for other coins. The only difference is that PancakeSwap focuses on BEP20 tokens – a specific token standard developed by Binance .
The BEP20 standard is essentially a checklist of functions new tokens must be able to perform in order to be compatible with the broader Binance ecosystem of dapps, wallets and other services.
PancakeSwap uses liquidity pools instead of counterparties/orders from other traders. A liquidity pool in this context refers to funds deposited by investors – which can be anyone from around the world – into smart contracts for the aim of providing liquidity to traders. With this system, buyers do not have to wait to be matched with sellers, or vice versa. Whenever someone wants to trade one token for another, they simply deposit the token they have into the pool and withdraw the other token they wish to receive. That said, PancakeSwap is not just for swapping coins. You can also take up the role of a liquidity provider (that is, you can deposit tokens in a liquidity pool for the chance of earning a share of trading fees paid by those trading against the pool in question).
Yield Farming is another income-generating opportunity available on PancakeSwap. With this, you can farm for a token called CAKE. So why would you want a token? Tokens are like the money video-game players earn while killing monsters, money they can use to buy gear or weapons. I personally love collecting my Glimmer in Destiny 2. But with blockchains, tokens aren't limited. They can be earned in one way and used in lots of other ways. They usually represent either ownership in something or access to some service. For example, in the Brave browser, ads can only be bought using basic attention token (BAT). I think I'll cover more on this in another post, otherwise this will become a too long read.
Final Thoughts 💭
Even though banks are slow and inefficient (to name only a few of the problems), there is still something that comes with using a bank that crypto cannot (yet fully) offer - guarantees and peace of mind. At least at this point. I believe in a future where blockchain is easily accessible, open but at the same time protects user privacy, transparent, decentralized and safe. But the truth is, we're still far away from that. Blockchain is in its infancy, being used by too many opportunists and crooks. So be careful when you invest in DeFi. The beautiful dream of blockchain still contains too many scammers that have no intention of cutting out banks; instead they want to get to the bank FIRST.
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CryptoCheck
CAKE longCAKE broke trough the descending trendline. Asset broke trough the resistance area. Bullish movement to resistance level at 4.61 is expected to happen.
Time to bake a nice CAKE So why invest in Cake? Well, this dex is by far the most popular and the OOG the Binance blockchain, one of the biggest cryptos around, and will be a major player for a long time to come, CAKE sees no slowing down what so ever and a 90% drop in price is a common occurrence when it comes to cryptos. with a user base still increasing daily and the number of transactions just shy of the giants USDT, USDC, and BUSD this coin is here to stay.
On the pancakeswap DEX you can bake your cake at the moment for a locked APY of 65% in a year. that's what I call a nice return.
compound and repeat until the next bull cycle and you have made yourself one hefty pancake until it hits its alltime high again
CAKE longCAKE bounced off the support area. Asset bounced off the ascending trendline. Bullish movement to resistance level at 4.32 is expected to happen.
CAKE longCAKE bounced off the ascending trendline. Asset broke trough the descending trendline. Bullish movement to resistance level at 4.5 is expected to happen.
pancakeswap cake price predictionmy pancakeswap cake price prediction 2022, i am sure long now in cake token
