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CAKEUSDT trade ideas

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
by ravankhah1348
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.
by cryptohopper
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. __________________________ 👀Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 📉 Hit like & Follow 🔔 We thank you for your support ! CryptoCheck
Education
by CryptoCheck-
59
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
Long
by le_kim91
CAKE/USDT: Still under bypass level at 5,10---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)------- CAKE/USDT: Still under bypass level at 5,10 Context - The Global Crypto market leads by BTC and ETH reversed up drawing a new bullish trend - However for CAKE the volume on CEX and DEX are decreasing within the bearish pressure on going. - We are watching at 5,10 as resistance to re-integrate to provide a clear recovery signal - Watch 3,15 as key Tactical support Market configuration - Graphical Elements : Graphical Resistance = 8,20 & 5,10 Graphical Support = 3,15 & 2,50 - Mathematical Indicators: EMA (Exp Moving averages) are resistance in flattening = Neutral RSI indicator (below) is now above 50% in mixed configuration = Bullish / Neutral - Elliot & Harmonic Wave (Fibonacci): Fibonacci Target (C) B has been already reached = 2,50 Fibonacci resistance of the wave in progress = 5,10 Fibonacci support of the wave (2) = 3,15 Fibonacci Bullish Target = 8,20 Conclusion Preferred case => As long as 3,15 remains support we are looking to buy the dip in the buying area in order to test and then surpass 5,10, before opening a further rise towards the double bottom potential at 8,20 NOTE: It is important to consider the DEX Coin (CAKE, UNI, CURVE....) with the trading volume generated today. The bullish momentum can be reinforced only with a global positive outlook on crypto market which is not the case for now (September is more probable)
Long
by JeanJean1983
CAKEUSDTCAKEUSDT(08.21.2022 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
by ravankhah1348
CAKEUSDTCAKEUSDT(08.14.2022 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
by ravankhah1348
PancakeSwap Price Prediction Aug 2022PancakeSwap (CAKE) holds the 88th position on CoinGecko right now. CAKE price prediction 2022 is explained below with a weekly time frame. The above chart of Pancake Swap (CAKE) laid out a Descending Channel pattern. Descending channel also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is the characteristic of a bearish market. Currently, Pancake Swap (CAKE) is in the range of $4.554. If the pattern continues, the price of CAKE might reach the resistance levels of $4.152, $5.270, and $9.434. If the trend reverses, then the price of CAKE may fall to $3.967 and $2.412. PancakeSwap (CAKE) Support and Resistance Levels The chart below shows the support and resistance levels of PancakeSwap (CAKE). From the above daily time frame, we can clearly interpret the following as the resistance and support levels of PancakeSwap (CAKE). Resistance Level 1 $4.916 Resistance Level 2 $6.924 Resistance Level 3 $10.169 Support Level 1 $2.486 Support Level 2 $3.641 Comparison of CAKE with BTC, ETH The below chart shows the price comparison between Bitcoin, Ethereum, and PancakeSwap (CAKE). From the above chart, we can interpret ETH, BTC, and CAKE are moving in the opposite direction with respect to that of BTC and ETH. This indicates that when the price of BTC and ETH increase, the price of CAKE decreases. When the price of BTC and ETH decrease, the price of CAKE increases. Happy Trading !
Long
by TheNewsCrypto
2
Cake/USDT Long📈Previous important support and resistance zones: ***r1: 4.277 ***r2: 4.156 Conditions for Long: 1. Descending triangle breakout 2.trendline breakout 3.momentum indicator trendline breakout 4.support from previous resistance ***r1 zone 6.Money flow index turned green from red 7.volatility has increased 8.di+ is above the di- 9.adx line is above 20 level Stoploss: 1.below the previous resistance zones of ***r1: 4.277 Take profit: 1.take profit is dynamic or trailing stop loss/take profit 2.need 9hr tf for multi-analysis potential reverse zone Exit point: 1.will be updated later in the comments box only if anyone asks
Long
by TrueUrBoss
2
CAKEUSDT BAT FORMATIONBat The Bat Pattern is a 5-point retracement structure that was discovered by Scott Carney in 2001. It has specific Fibonacci measurements for each point within its structure and it is important to note that D is not a point, but rather a zone in which price is likely to reverse, called the Potential Reversal Zone (PRZ). The B point retracement of the primary XA leg must be less than a 0.618, preferably a 0.50 or 0.382 and the PRZ consists of 3 converging harmonic levels: 1) 0.886 retracement of the primary XA leg, 2) extended AB=CD pattern, usually 1.27 AB=CD and 3) minimum BC projection is 1.618. The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. A common stop level would be behind the X-point. Conservative traders may look for additional confirmation. Bat Patterns can be bearish and bullish. TradingView has a smart XABCD Pattern drawing tool that allows users to visually identify 5-point reversal structures on a chart.
by UnknownUnicorn38199698
2