🚀Cake breakoutAfter couple of weeks, finally CAKE break the pattern...
Let's watch the rally🚀🌕
What's your opinion?
Share your analysis with me🤝✍️
CAKEUSDT.P trade ideas
CAKE/USDT has brokeoutHey Colleagues,
The time came where breakout of the CAKE coin happened.
There are two scenarios for this coin but both would have same outcome:
1) We move $5.6 after what we will witness a small pullback by the sellers.
2) We will move to $7.3 without any stops from where we might see a pullback.
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Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
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 $20 once wave C is in for a possible near x10 move.
Combine this with the staking options that are available on the PancakeSwap website pancakeswap.finance with the fixed syrup pool offering up to 125% APY if you stake for 52 weeks (1year) which is an incredible return.
Add #CAKE to your watch list guys
CAKE shortCAKE bounced off the resistance level. Asset broke trough off the ascending trendline. Bearish movement to support level at 3.8 is possible.
Break the CAKE, new lows? new range? God knows...The case presented it's on the premises that we are going to continue the downtrend. On the other hand, if the price can go and challenge the pink trendline, I will reconsider all of this. Until I prove otherwise, I believe this is the most likely thing to happen.
Aw sheeeet. CAKE prediction: possible -50% again before pump?If I were to look at the historical progression of cake over the past few months, I am confident we are in a long-term downtrend. Too bad this realization came after my portfolio was down 60% xD. Well, let's hope my newfound humbleness is able to predict the markets more accurately.
Will you look at that? Is that a very interesting support I see? 2$ cake? "Oh, how could a multibillion crypto token ever lose complete value hah! its too big to fail!!" If it weren't for LUNA I wouldn't be sweating balls right now.
CAKE 1WMy top pick of today is $CAKE. Low Risk/ High Reward.
They will set a cap on supply + a beautiful falling wedge on the Weekly.
CAKE shortCAKE broke trough the ascending trendline. Asset broke trough the support area. Bearish movement to support level at 5.3 is possible.
CAKEUSD and WTZ3 in DowntrendAs long as TVL of Pancakeswap does not increase explicitly, CAKE token is rather tough to go up right now. Technical signal is also obvious for trading in downtrend after the token price try to test tunnel line twice but unable to break out. I waited for WTZ3 setup and entered after it broke down the wave line. The previous low is expected target for this plan. Good luck!
CAKE may crash moreHello trading view community. Should you like this analysis please support with likes and comment your idea below the analysis please. Thanks.
Never risk more than you can afford to lose.
Always DYOR.
CAKE has reacted to the weekly resistance zone ($9.270 - $9.239 in blue) it may drop to monthly support level ($5.07 - $5.048)
since BTC may crash more upto $30k then one may expect the cryptocurrency market to crash more, where CAKE may even break down its monthly support zone at ($5.075).
This is a personal idea and I am not a financial adviser
PANCAKE-USDTGreetings,
Price has been in a downtrend since May 2021, but nevertheless there have been 2 times a bounce from local lows of 100%, the last time in March from a price around $5. After that, a test of the past support zone, around $10, which has now become a resistance zone.
Possible entry points to go long: On a breakdown of the downtrend, or look for an entry point on a retest of support around $5 and the formation of a double bottom.
Daily chart.
A rise and a correction that could be a flag band.
The targets when this pattern is worked out will be the length of the flagpole.
If you liked this material, in that case, please like it and subscribe so you don't miss anything.
Always use STOP, and do not use a leverage higher than x3.
A trader must always have tomorrow.
CAKE - Easy 300% Move Pending... 🔥CAKE is one of the cleanest and easiest charts to read. We have a simple ABC correction and we completed the C wave recently.
We are now in bullish territory and looking for any opportunities to go long. We have a nice correction forming now and all we need to do is wait for a breakout and enter.
Trade Idea:
- Watch for breakout of the descending trendline
- enter with stops below the structure
- Targets: 17, 26, long term target 40
It is possible we may come back to test the structure to create a double bottom before moving so just be wary of that.
Goodluck!
CAKEA bearish angle is broken. The $ 7 range is a very strong support range. If supported, it can move up to $ 8 and $ 9.
If the $ 7 range is broken, it could experience a further decline.
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This analysis is solely my personal opinion and it is your responsibility to buy or sell.
New FixedTerm Staking Works GOOD !With this new fixedterm staking till now PS semi-burned about ~74 Million cake tokens !
And also Pancakeswap is going to redesign tokenomics of CAKE token so they can burn even more tokens weekly ! Then what do you think !? ^_-
And if we talk technically as you can see price is in uptrend channel and after this panic sell off it is now going to create a reversal pattern !
So we can have 2 scenarios here :
1- if BTC drops more with bad news we can see lower prices bcuz of market crash ! strong support is around $7.2 next $7
2- but if market starts to heal up again... we can see higher prices again ! first target is around $10 next is around $12
what do you think !?
Leave a comment below !
CAKEUSDT.A PIE THAT WORKS.CAKE USDT investment plan.
A fundamentally interesting project with passive income. There is a personal portfolio with a dividend winner. After investing ideas, we will tell you how you can earn by storing tokens at 50% per annum in coins.
Payback plan. I allocate 10% of the deposit. Increased volume due to the dividend history in annual terms.
1.5% Purchase order at $5.6
2. 5% on purchase order over $3.5
Sales plan
1. 30% sale of coins for $ 27-30. We take our investments with a plus, leave free coins.
2. 30% sale of coins for $40-42.
3.40% sale at $58-60 for the new alt season.
Is it CAKE?We are literally "stuck" in between 2 golden zones with 2 algorithms that have 2 different targets.
This is literally a battle between bulls and bears or a.k.a. Ping-Pong within a range.
Bullish Flag pattern ?!idk why but i think cake made a bullish flag pattern i think these scenarios can happen to cake !
MY PERSONAL OUTLOOK ON PANCAKESWAP...!This how I see the Pancakeswap chart. I think that the current area is really essential and needs some reverse from 7.15, then rush to the main trendline again. My risk free level is around 9.30$
CAKE shortCAKE broke trough the ascending trendline. Asset broke trough the support level. Bearish movement to support level at 6.16 is possible.
CAKE/USDT Boom Pro Indicator gives a Long Signal for cake on binance 45 m chart pattern
Note : Not a Financial Advise
CAKEUSDT Analysis April 26, 2022This is a great example of the simplicity of technical analysis and the power of the Engineer. We've become Bearish on PancakeSwap, CAKE , sooner than we anticipated. The three BUY signals fired on Thursday March 17, 2022 and within a month, we received three SELL signals on April 11. The Horizontal Resisitance Line at ($9.35) has formed a double top and we cannot break that Weekly Downtrend Line. We took some profit in that $9.50 - $10.00 range and then Sold with the three signals at ($7.60). And then CAKE started increasing in price again, making us second guess ourselves because we were not in a trade. A Buy 2 signaled and we became even more nervous, but we need two (2) signals to enter the trade. Good thing we followed our trading strategy because we have dropped pretty hard today. We would of been all over the place had we not followed our Strategy and Signals. Not Financial Advice...Trade with Confidence and Control.
