#CAKEUSDTPancake Swap is in the 7th bearish wave (G) , and is likely to make an upward move after reaching the price of $1.
CAKEUSDT trade ideas
🔥 CAKE = 💀Last month I made an analysis on CAKE and the fact that it was selling off severely. My 2.50 support was the last hope for the bulls, which inevitably failed.
Fast forward to today, and we're trading at 1.50, a truly abysmal feat. Short-sellers are happy, stakers and investors are either exiting in droves or seeing their funds evaporate.
I think that there's little hope for CAKE to ever recover from this. Unless they make some drastic changes to the tokenomics of this token, I don't see it ever taking off again. Keep in mind that this is normal for a lot of tokens. The good ones survive the bear market, the bad ones die.
We might see some kind of pump occurring over the next year, but I'd be surprised if this token will go above 3.00 ever again.
CAKE relief rally?Inverted HS 1h, lets see how it play out
After hard and long drop down, and near 10 days at this range, hope next move bring us at least a short relief rally to the up side.
lets do it cakers.
CAKE Bottom Is InThere has been an incredible dump of CAKE over the past month, and I believe the bottom is in after printing an ATL at $1.77. There have been eight consecutive candles near the ATL along with massive burns of the token since the dump started.
I've marked fib channels showing the way back up, but I don't think the red .236 line will present much of a challenge. With trading bottoming out around $1.80, I'm thinking the Bollinger Bands will form a brief period of consolidation in the near future, followed by a move up to challenge the orange .382 fib line.
From personal experience, trading into large gaps on the daily 200MA has been profitable. The candles always return to the mean whether you're long or short into the trade. This dump is like taking a mirror to the pump of 2021 only in reverse. Currently there is a huge distance between the candles and 200MA, which on a daily chart it takes quite some time for it to sink.
Short term trades could exit at the .382 / $3.11. But if we consider that CAKE has previously traded over $40 and it is a yield bearing asset, there is an opportunity to ride this trade up for much longer than a quick 68% return.
Fundamentally, people who have either won or lost on meme coins will look to pivot towards utility based tokens. CAKE is the native token of pancakeswap which is a top 5 DAPP across all chains in terms of unique active wallets, with billions in TVL. It will be attractive to this cycle's noobs who came in for PEPE or WOJAK...for more reasons than one.
Good luck, NFA
$Cake Harmonic Pattern - ButterflyIt is a CAKE coin that has been lockup and dump for a year.
It shows a butterfly pattern and is a good buying spot with a B-D projection of 1.902 / X-D projection of 1.272.
I think we can look at the price reaction from the 1.236 spot and we should see the reaction around 1.272. (1.66$)
It is definitely a super strong trend decline, so it looks better to buy market long or spot after seeing the price reaction than buying perpetual futures through buy limit.
Cakeusdt buying opportunityCakeusdt had been in a bearish trend followed by accumulation since june 2022. Its near its all time low and channel bottom on 3D time frame.
Bullish points: Weekly bullish divergence
3D bullish divergence at channel bottom
Tapped into weekly order block and buying observed.
Can be a good long opportunity from here.
Cake tether US Go sort
Buy price - 1.948
Target price - 1.366
Stop loss - 2.226
52 week low , down trend , breakout previous support with High volume, 50 EMA below 100 EMA
Short cake to 1.34$ and 0.65 $Hello investors of cake.
Cake befor all time high nice position for buy in the price 1.34$ and 0.65$
And new ATH in 2025 dont worry this project is powerfull and future of the exchange and CEX killer.....
Short
Entry 2 $
Target 1
1.34$
Target 2
0.65 $
Please full of bag in the 0.65 for next bullrun to be rich person.... I promise u.
✅TS ❕ CAKEUSD: ATL✅✅ CAKE is dropped to the support level.
The price repeatedly reacted to the current level.
The asset will bounce again from the current values. ✅
🚀 BUY scenario: long to 2.855 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
CAKE/USDT 🟢Technically, cake token has reached an important area that once in its past the pot has reacted positively to it, the formation of 2 peaks can be seen in it,
for long-term investment I will look at it and enter it one step. 💡🟢
make money ✌️
CAKEUSD ❕ oversoldTrading volumes declined on the correction.
On the 4H Timeframe, the RSI chart fell into oversold zone, and TD Sequential formed a reversal signal up.
The RSI chart, price movement and volume dynamics formed a bullish divergence (4H and 1H TFs)
I believe that the asset can bounce if it holds the current support level.
CAKEUSD ❕ volumes increasedTrading volumes are up.
Price fixed above the support level and broke through the 50EMA at 1H TF.
The asset will continue to rise.
CAKE under resistance Mid - Long Term Hold IdeaMarket Cap: 509M
Category: DEX / DeFi
Target 1: 3.496
Target 2: 4.605
Target 3: 5.445
Stop Loss: 2.441
Manage Risk - have a stop loss in place
Not Financial Advice
This is for Entertainment Only
🔥 RIP CAKE: Going To Zero?CAKE has been dumping very hard over the past couple of days. Where the market has seen a big bullish move, CAKE completely ignored it and continued going down.
Why you ask? It has to do with a token unlock. Investors got their hands on 52-week staked tokens and sold them on the open market.
Apart from the terrible looking technicals, the idea behind this unlimited supply (inflationary) token just doesn't perform well in bearish market conditions.
If we will not see some kind of bounce from the June 2022 lows, I don't see any reason to be bullish on CAKE in the foreseeable future. In addition, we have to consider the fact that CAKE might have had it's peak and will slowly bleed to zero over time (which is not uncommon in crypto).
Is this token going to die? Reversal when?
Share your thoughts on CAKE🙏.
CAKEUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart. (update)
Earlier first target was reached(4.5), stop already in breakeven 3.4
Next targets: 5 - 5.5 - 6.2
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
What’s in Market about #PancakeswapCake/USDT Chart Analysis: Is It Time to Buy?
Cake (CAKE) is a popular cryptocurrency that has been in the news lately due to its recent price movements. The coin has been experiencing pressure as investors are selling following the unlocking of tokens. This article will provide a detailed chart analysis of Cake/USDT and explore whether it is a good time to buy.
Chart Analysis:
As per the chart, Cake is currently trading at handle support. If it can hold this support, we can see an upward rally. However, it is recommended to wait for the market negative sentiments to settle before entering the market. If you decide to enter, the suggested buy level is around $2.5-$2.7. The pattern observed is a cup and handle pattern, which suggests that there is potential for the coin to increase in value.
Long-term Targets:
In the long term, Cake has significant potential for growth. The targets for Cake/USDT are $4.6, HKEX:8 , HKEX:12 , and $20. These targets are based on the analysis of the cup and handle pattern observed in the chart.
Stop Loss:
It is important to have a stop loss in place to minimize losses. If any daily candle closes below $2.30, it is recommended to exit the market to prevent further losses.
Market News:
Recent market news indicates that Cake has unlocked tokens, and investors are selling due to the broken promise of 200% staking reward, which was reduced to 46% after two months. This situation has created pressure on the coin, leading to a decrease in value.
Takeaways:
Cake is currently trading at handle support, and if it holds this support, an upward rally can be expected.
The pattern observed is a cup and handle pattern, suggesting that the coin has potential for growth.
The suggested buy level is around $2.5-$2.7.
The long-term targets for Cake/USDT are $4.6, HKEX:8 , HKEX:12 , and $20.
It is important to have a stop loss in place to minimize losses.
Recent market news indicates that Cake has unlocked tokens, and investors are selling due to the broken promise of 200% staking reward.
Conclusion:
Cake/USDT is a cryptocurrency that has shown potential for growth in the long term. The current chart analysis suggests that it is a good time to buy, provided the coin holds the handle support. However, recent market news indicates that there is pressure on the coin due to the unlocking of tokens and broken promises. It is recommended to do your research, invest wisely, and always have a stop loss in place to minimize losses.
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#CAKE🟩 Buy !
—
🔹 Double Bottom /daily.
🔹 Profit at Mid term 300%.
🔹 Market Cap 524 Mil Dollar.
🔹 Good for Investment.
CAKEUSD ❕ oversoldTrading volumes have increased.
Most indicators point to the oversold CAKE price.
The chart is near the historical bottom.
I believe that the asset can bounce from the current support.
CAKEUSDTHow do you do dear followers,
*Mars Signals Team wishes you high profits*
This is a one-day-time frame analysis for CAKEUSDT
Here we see R2 and R1 as our resistance areas that demonstrate the price was not able to rise at different points. S1 is a long-term support area at the bottom of this chart that has the well support of price in it. As we see, the support of price at S1 in the past made a great increase for it up to R2. But aftr some rejections by this line, the price was able to be supported at our 4-hour support line (the white line) and then it lost the support and faced a sveres decline toward S1. Presently, we have the price fluctuating in S1 area and by the we expect it to have a little fall to the bottom of this area. Then by providing us some confirmation candles for the purpose of a rise, it would face an increase up to higher amounts. When the price is on the rise at S1, it is suggested to put your trade order and enter trading. Please do not forget to wait for some signs such as confirmation candles in order to make sure of what will be your next movement and then act wisely. We suggest you to put your stop-loss point based on your amount of loss that you can risk at and try to experience more logical trades.
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 the best
W9.1-8 CAKE BULLISH IDEA (HARMONICS PATTERN)Potential Bullish Entry
Dow Theory In Place - Higher High and Higher Low Expected in Place
Formation of Harmonic Bullish reversal Pattern coupled with bullish divergence at potential reversal zone (PZR)
Entry at the new HH
SL & TP Levels are defined.
CAKEUSDT - Short Term Expected Playout #CAKE #PANCAKESWAPI personally have a long bias for the coming days, considering the long consolidation, I expect #Cake to outperform Alts once #Bitcoin settles....
Good Luck and DYOR.
KUCOIN:CAKEUSDT
CakeusdBnB starting to break out along w eth
Cake should follow and take out yearly highs imo
Breakout appears imminent
Banks still in a lot of trouble
Cake RocketCake is backed by biggest dex that invest heavy in Defi
301 day of accumulation
Money from Shanghai flow in DEFI sector
Total Defi mc near resistent
