CAKEUSDT trade ideas
CAKEUSDT: BearishCAKEUSDT.P is in Bearish Trend, due to make a strong Bearish Divergence. and Could not Break the HH's. So we can wait for Break the Nick Line to confirmation of the Brearish Trend.
CAKEUSDT"As we enter the bullish season, the initial target to aim for is
target : 20 🎯.
This is based on a combination of technical analysis indicators and market trends.
However, it's important to approach trading with caution and adapt to changing market
conditions.
Keep an eye on key support and resistance levels, as well as any significant news or events that may impact the market.
Remember to use proper risk management techniques and consider setting profit targets along the way.
Happy trading!"
CAKEUSDT -In a Bullish TrendHere i can set tp1 and tp2 and the market is up trend so here you can open spot position
CAKEUSDT Idea⚠️ Disclaimer: The following insights reflect my personal perspective on the market, relying on publicly available information and historical data. While some opinions stem from my actual trades, others do not. I am not a financial advisor, and I bear no responsibility for your trading choices.
✅ Feel free to reach me out with any questions or recommendations. I am more than willing to assess and analyze any currency pair or index that piques your interest.
BINANCE:CAKEUSDT EIGHTCAP:CAKEUSD
CAKEUSDTBINANCE:CAKEUSDT can pump more than you think
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help.#DYOR"
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CAKE long idea I'm looking for a bullish consolidation above the EMA 200 in daily chart
Should take a week or two for it to complete and have a nice pump if price keeps on consolidating Above it! Important or else it's invalidated
NFA dyor
Don't follow blindly I'm just sharing what I'm seeing
CAKEUSDT Elliott Waves Analysis (LONGTERM)Hello friends.
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Everything on the chart.
Waiting for last upward movement in zone 2.8 - 3$, then will be deep correction.
Targets: 5
after first target reached move ur stop to breakeven
Stop: ~1 (depending of ur risk). ALWAYS follow ur RM .
RR: 1 to 14
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
Legendary Cake Trade to 100$All Data supporting this claim and why its possible:
to reach 100$, MKT CAP Would be: 23 Billion Dollar which is very Possible
Compared to the previous alt coin season and bull market in 2021 we have much more crypto users:
As of 2022, the global crypto ownership rate is around 4.2%, with over 320 million crypto users worldwide, according to Singapore-based blockchain firm TripleA. The United States is the top country with 46 million crypto holders, followed by India, Pakistan, and Nigeria.1 According to Statista, the global user base of cryptocurrencies increased by nearly 190% between 2018 and 2020, only to accelerate further in 2022.2 The usage of cryptocurrency has grown by an incredible amount over the past couple of years, with an estimated 420 million crypto users around the world as of 2023.3 Bitcoin has become the world's best-known and most popular cryptocurrency exchange, with more than 190 million users worldwide
(Aka MORE CRYPTO USERS)
PancakeSwap is a very good use case coin, its no meme coin, it has a real use case 1,190,136
users in the last 30 days, 1.5 Billion locked only last 30 days, 16,766,495 trades only in the last 30 days.
Pancake swap has a strong community:
Community Members
1.7M +
Multilingual Communities
15 +
Community Ambassadors
35 +
4.4 out 5 stars based on institutional ratings according to coinmarketcap
Overall 100$ a very possible target according to this data...
✴️ PancakeSwap Bottom Confirmed, Time For The Bulls To Play!One signal mainly confirms that a new bullish trend is set to develop for PancakeSwap and this signal is supported by current price/market action... Let's dive in!
We are looking at CAKEUSDT, I had to activate the weekly timeframe to get a better idea as to what is happening right now, but everything looks good.
Last week, CAKEUSDT produced the highest volume ever just two weeks after hitting a new All-Time Low. Major bullish confirmation, bottom confirmed.
The same weekly candle also conquered EMA10 and EMA21 as resistance, these levels were pushing prices lower since September 2021.
And so we have PancakeSwap trading above these levels, with a bullish confirmation coming in as a huge green candle with high volume as well as a very, very strong Altcoins market and Bitcoin hitting new highs all the time.
There is only one thing left to say, it is time for the bulls to play!
You can find the targets on the chart, up to 1155% potential but there can be more long-term... Patience is key!
Your support is appreciated.
Namaste.
PancakeSwap Cake price looks scary and "discourages" buying themIf we look at the trading history of CAKEUSDT, we will see that the price is still in a downtrend channel
After breaking through the critical $3.60 level, the price of CAKE has been falling steadily.
It is a thankless task to guess when the price of PancakeSwap will hit the bottom, especially since the BTCUSDT price may be just beginning to fall.
But we can make some estimates:
The CAKEUSD price has now reached the middle of the falling channel, a rebound is possible, but it is hard to believe in this pattern.
Below, the intermediate level of $1.50
The bottom of the channel is around $1, and this is probably the first level where we would be to risk buying CAKE, and it is after the price stops and trades above the level.
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CAKE - Keylveles - 2DaysThese are my Keylevels on 2days ,timeframe, even if we have a 2x from 1 to 2usd , there is still a downtrend.
Ride Cake Usdt to next resistanc levelHEY
This is cake usdt idea what i have recently its quite bullish so its a good long setup to play to next support level. You can manage risk according to your appetite.
Thanks
CAKEUSDT.1DBased on the given market data, the CAKE/USDT pair is currently priced at 2.347 USDT.
From a technical perspective, the Relative Strength Index (RSI) is currently at 89.61 for the 4-hour chart, 92.41 for the daily chart, and 58.66 for the weekly chart. These figures suggest that the currency is currently overbought in the short-term (4h and 1d) and may be due for a correction. However, the weekly RSI is in the neutral zone, indicating a balanced market condition over a longer timeframe.
The Moving Average Convergence Divergence (MACD) values are at 0.239 and 0.163 for the 4-hour and daily charts respectively, suggesting a bullish trend. However, on the weekly chart, the MACD is -0.279, which shows a bearish trend.
The Bollinger Bands (Bb) are at 2.404 for 4h, 2.382 for 1d, and 2.250 for 7d, indicating a high degree of price volatility in the short term.
Looking at the support and resistance levels, the first support level on the 4-hour chart is at 1.800, and if it breaks, the next supports are at 1.243 and 1.020. The resistance levels are at 2.497, 2.800, and 3.01. For the daily chart, the supports are at 1.291, 1.049, and 0.900, and resistances at 2.960, 4.150, and 4.730. On the weekly chart, the supports are at 1.388, 0.899, and 0.840, and resistances at 3.069, 4.870, and 5.470.
In conclusion, the CAKE/USDT pair is showing mixed signals. The short-term charts (4h and 1d) indicate an overbought condition and a possible correction, while the weekly chart indicates a neutral to bearish sentiment. Traders should proceed with caution and consider both the short-term and long-term indicators before making a decision.
SHORTcaKE :)Do as I say not as I do hahahahah Short the cake and you will make some Moolahhh. This is a very broad chart for the public eyes. Crypto and energy go hand in hand. Energy is off the scale today! Find me and I will help you win more than you ever have before. Have a fantastic day!! LUP247Energy ~~~
CAKEUSDT IdeaBINANCE:CAKEUSDT BINANCE:BTCUSDT
⚠️ Disclaimer: The following insights reflect my personal perspective on the market, relying on publicly available information and historical data. While some opinions stem from my actual trades, others do not. I am not a financial advisor, and I bear no responsibility for your trading choices.
✅ Feel free to reach me out with any questions or recommendations. I am more than willing to assess and analyze any currency pair or index that piques your interest.
CAKEUSDT 1WPay attention to #CAKE chart. Buying some #CAKE at current price and around $1.61
Massive falling wedge breakout is coming IMO. Volume are good!
#CAKEThe green area can have a bye up to the specified area, which can continue to grow for 4 hours up to the specified area.
CAKE Is Ready For Eating. With StoplossWelcome to our crypto exploration hub! We're here to navigate the exciting world of digital assets, providing you with comprehensive insights into market dynamics and potential trading opportunities.Our mission is to decode the crypto market's mysteries and equip you with the knowledge you need to make informed investment choices. From the latest developments in Bitcoin to the hidden potential of various altcoins, we're your trusted source for daily technical analysis.While technical analysis is a valuable tool, it's important to remember that it's just one piece of the puzzle. We encourage you to take a well-rounded approach to your investments, considering factors like macroeconomic trends, news, and community sentiment.Join us for the freshest analyses, and don't hesitate to join the conversation in the comments below. Keep in mind that our content is purely for educational purposes and should not be construed as financial advice. Always integrate it into your broader investment strategy."
CAKE is back! Much work was done to remedy the inflation from an unsustainable 60-80% to 3-4%. CAKE is now burning more than emitting which makes this token technically deflationary even if there is still emission running at a rate of 1.45cake per block which is 1/10 of what we saw in previous months. From oversold area now rising with impressive volume back to live. It entered the top 100 coins list and still has a lot to offer. Was waiting for this bullish weekly signal around 1,75usd which now seems to be confirmed soon.
PancakeSwap ($CAKE) Sustainable Growth PancakeSwap (CAKE), the dominant decentralized exchange (DEX) platform on the Binance Smart Chain, appears to be back on track, with a parabolic price surge. At the time of writing, the altcoin is up by 28%, with its price changing hands at $1.55. By the current outlook, PancakeSwap has soared in a parabolic manner to its highest price level in the past month.
PancakeSwap is typically not a high flier when it comes to potential price resurgence. However, three prominent announcements triggered the massive buy-up being recorded at the moment.
First, the DEX protocol announced that it has completed the last round of revenue distribution to its staking program participants. Though the CAKE involved in this distribution is pegged at just 13,977 units, it underscores how functional the DEX is in terms of attracting external community participation.
Secondly, PancakeSwap announced the listing of USDⓈ-M CAKE Perpetual Contract on Binance Exchange. This listing is considered a big deal based on the size of the Binance community and the exposure the listing will grant to CAKE moving forward.
Besides these updates, PancakeSwap also confirmed that its DEX across the V1, V2 and V3 protocols has recorded a trading volume worth $600 billion. This is a testament to retail activities, and it complements the 799.16% jump in daily volume to $127,353,502.
PancakeSwap And Sustainability Goals
As the pioneering DEX on Binance Smart Chain, PancakeSwap has shown it is committed to sustainable growth over the years. The protocol has an active CAKE burn program as it eyes a deflationary push amid uncertain market conditions.
One of its key growth markers is the consistent uptick in trading volume. Per its design, PancakeSwap is a venue where most DeFi traders go to swap their tokens, presenting an alternative to Uniswap, whose adoption is often marred by excessively high network fees.
With PancakeSwap remaining sustainable in its offering, the growth appears largely unsurprising to those following its performance.
🔥 CAKE Falling Wedge: Break Out Expected!On several previous occasions I've written about CAKE and the fact that this token is dying. I don't see CAKE perform well in the next bull-run, but that doesn't mean that CAKE can't go up.
I'm looking at the falling wedge on the chart. If we can get a break out in the near future, ideally above 2$, I'd wager that the break out is a success. My target would be 10$. Might be far-fetched, buit seeing that CAKE was one of the major losers of the bear market, there's potential for a big bounce.
