CAKEUSDTTP one was touched beautifully, after correcting to TP two which is a strong resistance BINANCE:CAKEUSDT
CAKEUSDT.P trade ideas
#CAKE/USDT is trying to hold the support level is 4-Hour TF!#CAKE/USDT is trying to hold the support level is 4-Hour TF!
I am expecting a sweep below PDL $3.68 and then a bounce or it can sweep Previous Low before a bounce. The major resistance level for NASDAQ:CAKE is PWH $4.653.
CAKE: by break trend=line📊Analysis by AhmadArz:
🔍Entry: 3.987
🛑Stop Loss: 3.859
🎯Take Profit: 4.114-4.185-4.265-4.334
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CAKE / Buy in spot #Cake, with negative inflation and reduced production numbers in tokens, is creating a new phase of ascent. Everything is indicated in the chart. Please buy only in spot and avoid trading cakes in futures markets. This year is the year of #cake growth.
Good luck
PancakeSwap Price Spike as DEX Burns $35 Million $CAKE TokensPancakeSwap, the decentralized exchange (DEX) synonymous with the Binance Smart Chain (BSC) ecosystem, has ignited a flurry of excitement in the cryptocurrency community with its recent strategic maneuvers. As the platform burns over 8.7 million NASDAQ:CAKE tokens worth a staggering $35 million, investors eagerly anticipate the implications for both PancakeSwap and its native token, $CAKE.
The decision to burn NASDAQ:CAKE tokens, a practice aimed at reducing the circulating supply and enhancing scarcity, underscores PancakeSwap's commitment to value creation and sustainable growth. By incinerating fees collected across various platforms, including V3, V4, NFTs, games, and Automated Market Makers (AMM), PancakeSwap not only bolsters the token's scarcity but also redistributes value back to its community of users.
The CAKE token's price surged nearly 3% in response to this bold move, reflecting investor enthusiasm for PancakeSwap's proactive approach to tokenomics. However, the rally isn't solely attributable to the token burn; PancakeSwap's strategic collaboration with Stryke, a decentralized options exchange, adds another layer of excitement to the mix.
The introduction of CLAMM Options Trading, a joint initiative between PancakeSwap and Stryke, marks a significant step forward in expanding the platform's utility and attracting a broader audience of DeFi enthusiasts. With the ability to trade options, provide on-chain liquidity, earn premiums, and swap fees on Arbitrum, PancakeSwap users are poised to access a diverse array of financial instruments and opportunities.
Despite recent volatility that saw CAKE token experience a dip of nearly 13% over the past week, Monday's gains signal a potential turning point for PancakeSwap. As the platform embarks on its recovery journey, fueled by strategic partnerships and innovative tokenomics initiatives, investor confidence in PancakeSwap's long-term prospects remains palpable.
At $4.021 per token, NASDAQ:CAKE 's resilience amidst market fluctuations underscores its status as a formidable player in the DeFi landscape. With PancakeSwap's unwavering commitment to innovation and value creation, the future looks promising for both the platform and its vibrant community of users.
As PancakeSwap continues to redefine the boundaries of decentralized finance (DeFi) and pave the way for a more inclusive and accessible financial ecosystem, investors eagerly await the next chapter in this groundbreaking journey.
CAKE USDT DEC 2025As you can see, the cake has reached the ceiling of the channel and we have to wait for the fall of this currency
CAKE shortCAKE broke trough the support level. Asset broke trough the ascending trendline. Bearish movement to support level at 2.9 is possible.
CAKE/USDT in a Position For a Bullish Reversal? 👀CAKE Analysis💎Paradisers, let's dive into #CAKEUSDT as it's positioning itself for a bullish rebound off its support zone, indicating a potential upward shift.
💎With #PancakeSwap moving within an ascending channel pattern, it's approaching a critical moment at the $2.54 support level. The observed reduction in volume at this juncture suggests a continuation of the bullish trend from $2.54, with an increase in volume hinting at a possible momentum change.
💎However, if #CAKE's price dips below this key support, it's time for a strategic shift. We're bracing for a bullish bounce off the lower support at $1.78. A failure for NASDAQ:CAKE to mount a bullish effort from this point could lead to further decline.
💎Keeping a pulse on the #CAKE market movements and being ready to tweak our strategies is crucial as we steer through its unfolding patterns.
CAKEUSDTHi guys
In the medium term, if the resistance range of $6.34 is completely consumed, the possibility of continuing the upward trend and seeing higher areas will be strengthened.
In the weekly RSI time frame, it is in the saturated range.
After the specified resistance range is consumed, we can check the entry points more carefully.
What do you think?
Cake/USDT Bullish View As I know Cake has really Great Ecosystem in Pancakeswap !
So why not but it in this way and wait for TP!
123 bullish made for it !
major and minor R and S areas Clear.
#CAKE/USDT#CAKE
The 1-day bearish channel was broken strongly to the upside
Supported by stability above the Moving Average 100
It is supported by a rebound from the green support area on the chart
This support area was adhered to well
We also have a positive divergence on the RSI indicator
Entry price 2.82
First goal 3.04
The second goal is 3.30
Third goal 3.60
$CAKE #PancakeSwap Trading IdeaNASDAQ:CAKE #PancakeSwap is sitting now a bit above $4.00. Will it be able to retest those ATH levels or at least that golden zone of fib? There is a probability to see another leg up after a breakout through this massive resistance zone. Full send after a breakout and no predictions only probabilities.
CAKE UPDATE (6H)This is an update to the analysis you see in the "Related Ideas" section
The diametric that we considered for CAKE in the previous analysis is running.
We are looking for buy/long positions on the green range.
The targets are clear on the chart
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Cake USDT - 21/03/24 UpdateAfter 14 hours 30min of waiting finally TP has got reached.
Long Live & Prosper Cake! 🖖
#CAKE/USDT#CAKE
The pair has been moving in a descending triangle since April 2022
The price broke the upper border of the triangle
Supported by the momentum of the Moving Average 100 that is about to be broken
Oversold on MACD
It is expected to break the Moving Average 100, heading toward upward targets
The price now is 20.2
The first goal is 90.4
Second goal 9.30
Which represents 400% of the current price
Support and resistance points must be taken into account as there are possible corrections that may take some time during the rise
✅Thank you, for more ideas, hit 🚀 and follow 🤝🛎!
CAKE / USDT - Potential target 60% According to Elliot wave theory, we are heading towards 3.812
after that, we should see a quick rebound with a potential target of 60%.
I would like to remind you that we are currently in a bullish market and purchasing power of ETFs is so strong that it has completely disrupted halving cyclicality.
We are currently going through a Supply Shock on BTC, which only fuels capital and increases in other cryptocurrencies.
Good luck
Cake_Usdt --- LongAfter a temporary correction
We can enter into a purchase transaction with capital management
spot
Entry 1 : 3.5 $
Entry 2: 2.8 $
TP 1 : 6.8 $
TP 2 : 9 $
TP 3 : 11 $
SL: 2 $
CAKE - Good Short Trade #CAKE/USDT #Analysis
Description
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+ Cake is showing overall weakness as it recently formed a lower low.
+ There is a good opportunity for short trade as the overall market is looking bearish
+ We can enter a short trade once the price breaks the support.
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VectorAlgo Trade Details
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Entry Price: 4.192
Stop Loss: 4.563
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Target 1: 3.958
Target 2: 3.761
Target 3: 3.426
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Timeframe: 4H
Capital Risk: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Cake-Usdt - Short My idea is, the cake needs a break, so it can fall to around $3.96, so we can take a sell trade on it.
Cakeusdt... Tecnicall analysis Cake based on Fibonacci has a good place to grow. And it climbs to high areas along with the fluctuation.. I envision high goals for it .If you remember, the cake could not reject the resistance in the past that I analyzed. Because it could not break the downward trend. But now it is different from the past, it is completely in an upward trend. And it can grow several times. Reflect on 6️⃣1️⃣8️⃣ Fibonacci.🎂
