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CAKEUSDT trade ideas

CAKE on the way upCake just entered the tiny buy channel crossing 2.17usd with several local bearish targets on the way back to 4.5usd. As you see on the chart the sell-off from the previous local top 4.5usd was mainly caused by panic sellers/whales, there are 8 fair value gaps (red squares) going down from 4.5usd whereas the growth to 4.5usd counts only 2 (green squares)! FVG (fair value gap) acts as a magnet in both directions, which means the red ones attract the price from below levels up and the green ones from upper levels down. In other words, if the price was unnaturally pushed down, it can jump the same way up and vice versa. The price was pushed down significantly which may be an opportunity.
Long
by Suhulo
2
Cake 70% profitFrom the data provided, CAKE's price has shown significant volatility. Starting around 2.027 in January, it surged to 3, indicating a strong bullish trend 🚀. However, it later corrected to around 2.110, suggesting a potential support level 📉. The signals in the chart hint at a possible buying opportunity at support levels, especially if the price holds above 2.110 🛑. If it drops below this level, it might indicate a continued downward trend 📊. Given the high volatility, traders should exercise caution and use risk management tools like stop-loss orders 🛡️. Staying updated with market news and developments can also aid in making informed trading decisions 📰💡.
Long
by ahmadarz
Where would CAKE go?Since 2023, CAKE's lowest price has been $1.050. Entering the bull market, CAKE is in a bullish trend when viewed on a daily timeframe. However, some imbalances and demand areas need to be cleared before CAKE continues its bullish trend. There are a few scenarios: CAKE will take out demand in the $1.908 - $2.022 area and continue its rally CAKE closes the imbalance and sweeps the demand area at $1.577 - $1.770 to resume its rally Bullish failure if price drops past $1.050 Of course, if the higher low at $1.552 is broken, the next support is $1.20. Disclaimer: This is not a financial advice.
by tomgre
3
Pancake Swap (CAKE): Possible Fill of Imbalanced Zones!Cake Coin did a nice breakout recently where we had left some imbalance zones. We are keeping our attention on the recent re-test, which was a result of the bigger liquidation movement we had bringing the price back right after filling the FVG zone. Although we believe the price will reach it's ATHs soon, on a smaller timeframe we might see some further moves to lower zones IF we do not manage to get back and recover the recent drop we had! Swallow Team
Short
by SwallowAcademy
5
CAKE-USDT 4h chart ?Hello everyone, let's look at the 4H CAKE to USDT chart, in this situation we can see how the price is moving in the local upward trend channel, we are again heading towards the upper border of the channel, which with a slight rebound may result in an attempt to exit the current channel at the top. In such a situation, it is worth moving on to defining goals for the near future that the price must face: T1 = $2,698 T2 = $2,765 T3 = $2,964 Now let's move on to the stop-loss in case the market continues to decline: SL1 = $2,622 SL2 = $2.56 SL3 = $2,453 SL4 = $2,281
by cryptodailyuk
1
TradeCityPro | CAKE: Weekly & Daily Price Dynamics👋 Welcome to TradeCityPro! In this analysis, I will examine the CAKE coin. Pancake Swap is a DEX platform on the BSC network, ranking first among DEXs by TVL. This analysis will technically review the platform's coin, CAKE. 📅 Weekly Timeframe: Reaching the Demand Zone In the weekly timeframe, following the break of the $3 support, the price dramatically fell, and after several weeks, it found a bottom at $1.093. With incoming buying volume, it rebounded from this zone and eventually reached up to $4.753. 🔍 After the initial contact with this area, the price was rejected and fell sharply again to $1.549, where the second bottom was formed. After a confirming candle, the price moved towards the supply zone near the resistance at $4.753. 📊 The buying volume was very strong in the bullish candles that formed, but after reaching $4.753, we observed a heavy rejection and the price retraced the entire bullish leg. With the RSI reaching the 50 level, the bullish momentum also dissipated. 🚀 For an uptrend, as long as the price is below the supply zone, I do not expect large and sharp candles. However, if $4.753 is broken, the price could move towards targets at $9.723 and even $41.575. 🔽 If further correction occurs, the most crucial support is at $1.093, which must not be lost. 📅 Daily Timeframe: More Chart Details and Price Behavior In this timeframe, we can observe more details about price behavior. Currently, the price is in a very tight range box from $2.243 to $2.627, and breaking either of these areas could start a new trend. 📈 If $2.627 is broken, the price could again move up to the $4.753 ceiling. Entry of buying volume and a break of 50 in the RSI will significantly impact this bullish leg. ⏳ On the other hand, if $2.243 breaks, the price could move down to the $1.549 support and, if bearish momentum increases, could even break this support and move towards lower lows. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
11
PancakeSwap (CAKE)Comprehensive Analysis of CAKE/USDT ✨⚡ Introduction CAKE is a prominent cryptocurrency that plays a key role in the DeFi (Decentralized Finance) ecosystem. Associated with the PancakeSwap platform, it aims to facilitate decentralized trading and enhance liquidity, capturing the attention of many investors and traders. In this analysis, using technical tools, we examine key support and resistance zones while exploring various price scenarios. This analysis is designed to be useful for both short-term traders and long-term investors. 🌟⚔ 1. Technical Analysis Descending Channel Structure: On the weekly chart, CAKE is currently within a long-term descending channel. This structure indicates that the price has touched the channel's upper boundary (PRZ: 4.214 - 5.298) and has entered a corrective phase. Key Support and Resistance Zones: Red Support Zone (1.996 - 2.228): This is the first critical support level that plays a key role in the price's potential reversal. If this support is held, the price is likely to rise towards the channel’s upper boundary. Gray Support Zone (1.548 - 1.709): A break of the red support could bring the price down to this secondary support zone, which acts as a second line of defense. Green Resistance Zone (4.214 - 5.298): The PRZ zone is a strong resistance barrier to further price growth. A break above this zone will send a strong bullish signal. Movement Targets: Bullish Scenario: First Target: Upper boundary of the descending channel Subsequent Targets: 1.618 Fibonacci: (8.126 - 9.552) 2.618 Fibonacci: (22.698 - 27.046) 3.618 Fibonacci: (56.469 - 64.385) Bearish Scenario: In the case of a breakdown below the support zones, the price could decline towards the lower boundary of the descending channel. 2. Technical Indicators RSI (Relative Strength Index): The RSI is currently near the support zone (47.63 - 51.72). Holding this range could signal a potential reversal as buyers regain control. The trendline connecting the lows acts as a support level for upward momentum. Volume: An increase in volume near the red support zone confirms the start of a potential bullish move. Conversely, a decrease in volume at the green resistance zone raises the chances of a correction. 3. Investment Strategy Step-by-Step Entry: Enter near the red support zone (1.996 - 2.228). Re-enter after breaking the PRZ (4.214 - 5.298) with confirmed high volume. Managing Trading Volume: Adjust your trading volume according to key support and resistance levels. Allocate more volume near support zones, as these areas have a higher likelihood of a price reversal, which could initiate a bullish trend. This strategy allows for risk reduction and optimizes entry prices, enhancing potential profits. 4. Risk Management Stop-Loss: Place your stop-loss below the gray support zone (1.548 - 1.709). This will protect against significant losses in case of a price breakdown. Risk-to-Reward Ratio: Ensure your risk-to-reward ratio is at least 1:2. This means that for every unit of risk, your target reward should be at least double. Planning for Critical Scenarios: In case of a breakdown below support zones, it is advisable to close positions and reconsider entry points at lower levels. 5. Key Takeaways Volume: High volume near support levels suggests the beginning of an upward move. RSI Movement: A bounce from the 50-level RSI or trendline confirms the potential for a price increase. Conclusion Currently, CAKE is in a critical zone (1.996 - 2.228). By applying risk management principles and using a step-by-step entry strategy, one can take advantage of this opportunity. A breakout above the PRZ (4.214 - 5.298) could trigger a strong bullish trend and facilitate reaching Fibonacci targets. 🚀 Remember, always prioritize capital management and risk management to safeguard yourself from the volatility of the crypto market. 🔍✨
Long
by alizeynali69
PancakeSwap Wraps Up 2024 With a Record-Breaking Year PancakeSwap, one of the leading decentralized exchanges (DEXs), has achieved a significant milestone, recording a total trading volume of $310 billion in 2024. This marks a staggering 179% increase compared to 2023, highlighting the growing adoption of decentralized finance (DeFi) and layer-2 (L2) blockchain networks. Record-Breaking Trading Volume In 2024, PancakeSwap achieved $310 billion in trading volume, up from $111 billion in 2023. This growth was fueled by increased activity on L2 blockchains like Arbitrum and Base, which saw explosive year-over-year (YoY) increases of 3,656% and 3,539%, respectively. Key Contributors to Growth - DeFi Adoption: The rise in total value locked (TVL) across DeFi platforms—from $54 billion at the start of the year to $121 billion by December 24—boosted trading volumes. - Cross-Chain Expansion: PancakeSwap expanded its presence on Ethereum (+251% YoY) and the BNB Chain (+155% YoY), showcasing its adaptability to multi-chain ecosystems. - User-Centric Upgrades: Enhancements like the revamped swap interface, PancakeSwapX, and tools like the Telegram Swap bot have improved user experience, encouraging higher engagement. Innovative Features PancakeSwapX, launched in October 2024, introduced zero-fee trading and gasless asset swaps on Ethereum and Arbitrum. This innovation significantly reduced onboarding complexities for new users, making DeFi more accessible to mainstream investors. Technical Analysis As of the time of writing, NASDAQ:CAKE is trading at $2.53, up 1.75% within a consolidation channel. Despite recent price stagnation, several indicators suggest potential movement: Relative Strength Index (RSI): The RSI is currently at 46, indicating neutral momentum. However, the overall market sentiment remains positive. All-Time High (ATH) Potential: After peaking at $4.6 earlier this month, NASDAQ:CAKE has retraced. With the altcoin market gaining momentum, a post-Christmas rally could push NASDAQ:CAKE back toward its ATH. Competitive Position PancakeSwap is currently the second-largest DEX by daily trading volume ($2.23 billion), trailing Uniswap ($3.11 billion). It remains a dominant force in the DeFi space, supported by strong community engagement and a focus on innovation. Outlook for 2025 With the continued expansion of DeFi and L2 adoption, PancakeSwap is well-positioned for sustained growth in 2025. The platform’s emphasis on simplifying the user experience and integrating innovative features like gasless swaps will likely attract a broader audience, further solidifying its position as a top-tier DEX. Final Thoughts PancakeSwap’s $310 billion milestone underscores the platform’s ability to adapt and thrive in the rapidly evolving DeFi landscape. As NASDAQ:CAKE approaches the new year, both its technical setup and PancakeSwap’s fundamental advancements point toward a promising trajectory for 2025.
by DEXWireNews
2
CAKE SWING LONG IDEAI know everyone is fearful in the crypto market right now. People are scared to buy at these lows because they believe Bitcoin will likely continue to decline. And yes, that could happen. But guess what? BTC is sitting on daily support. BTC dominance hit 60% and is possibly forming lower highs (check my BTC DOM analysis). The Fear Index is at 54—people are scared. Funding rates are extremely negative. Most assets' RSI levels are oversold (in a bull market!). All these factors tell me it’s the perfect time to open swing long positions while everyone else is panicking and selling their coins at the lows. All these factors tell me it’s the perfect time to open swing long positions while everyone else is panicking and selling their coins at the lows. Let’s look CAKE as an example: Cake has currently hit the monthly and weekly demand zones. It has rejected the weekly demand and broken the 4H structure. We’ve seen strong upside movement following this, confirming the second leg of the higher high formation on the 4H timeframe. TARGETS: TP1: $3.41 TP2: $4.02 TP3: $4.50 SL: Below $2.05 (daily close)
Long
by UA_CAPITAL
PanCake swap (cake)Cake usdt Daily analysis Time frame daily Risk rewards ratio >1.7 👈👌 Target 7.4 PancakeSwap’s “head chef” declared that the BSC-based DEX is retaining the deflationary tokenomics for its native CAKE token. The announcement comes as other DEXs are trying new incentives for staking their native assets. The leading DEX on Binance Smart Chain is making a return amid a general DeFi recovery, and it shared that it will retain CAKE as a deflationary token to retain its value. The DEX decided against using CAKE as an incentive token, instead renewing its tokenomics based on regular burns and deflation. CAKE has a 1-2% annual burn rate and a negative net growth in the past 12 months. PancakeSwap also has regular weekly burns, which give a glimpse into the activity and fees generated on several PancakeSwap markets, including predictions and NFTs.
Long
by Habib-Tafazoli
2