CAKE token of Puncakeswap is going to distribute higher 3XAfter making panic sell move and accumulating at least 1 week, asset probably will take an advantage and distribute at least in 5-7$ range which is minimum 3x
CAKEUSDT trade ideas
Cakeusdt prisoned in trading rangeEither of this path is possible depending on which line meet a breakout with pullback but 60% scenario is for long
Pancake Swap (CAKE): Price at Crucial Support Zone!!Pancake swap coin seems about to bounce toward the unfilled CME gap.
As price has fallen back to the support zone and we see some buying volume is building up there, we are seeing possibilities of pushing from here, but we wait for further confirmations.
On the other hand, if we see sellers dominance near the local support zone, then we will go for a free fall of 10-15%.
Swallow Team
Pancake Coin (CAKE): Possible Smaller Bullish Movement To HappenPancake coin seems to head toward the smaller upper resistance zone where we are looking for the next stop to be at $2.9 (which is 15% away from the current price).
This small push would be an ideal target after a successful MSB we formed in smaller timeframes, so let's see how we end up here!
Swallow Team
CAKE picking up from the dustNot much to say here, want to highlight two points. Price is being attracted to huge FGV areas created by panic sell-offs, the second, massive sell orders at 1,2usd indicate overleveraged positions were closed by margin calls removing possible sell-offs later at higher prices.
Cake fell much more than other coins, hope we can pickup soon as the platform is one of the best if not the best defi in my honest opinion.
Idea will be invalidated at strong 2usd price pushback.
CAKEUSDT 1WCAKE ~ 1W Analysis
#CAKE This is the lowest support for now. buy gradually from here with a minimum target of 20%+
Cake demand/supply resistanceCake is approaching the nearest resistance level around 2usd, needs to be broken and become support so wait for break out and then one leg down to settle down at this support. Market conditions positive, altseason outlook promising. Keep in mind price below this demand zone, below 1,8usd can trigger depression and sell-off. For now holds steady even btc dropping as this coin suffered a lot sell-offs recently.
CAKE correction phase is over#CAKE made a clear ABC pattern as its correction and now its going to rise
in my last analysis on this coin it was clearly
in higher time frames we have a nice pattern in weekly maybe the market would not reach the top line of the channel but if it reaches the middle thats a real huge profit !
Cake supply/demand zones with volumeCake touched the nearest demand zone and bounced back as BTC sell-off was intensive but short. Might be re-visiting this zone and even lover to 1.664. All depends on the general market condition and mood. The altcoin season is slowly approaching. This time it takes BTC dominance to climb higher much longer due to competitors among alts and general world economy condition. During alt season might be surprisingly outperforming competitors but it will not last long. This coin is still not made for long-term holding rather for short-term trading. Lower highs and higher lows are narrowing the corridor for upside breakout with strong potential.
CAKE 7$?For #CAKE on the weekly timeframe, if we want to see an upward move, the price needs to bounce back from these current levels.
If the price drops below $1.40, the structure of this asset could turn bearish. For the long term, I think a target of $7 seems reasonable.
This is just my personal view, not financial advice.
Ready to Savor a Slice of the $CAKE!Aiming for $3.5 as the first FTA. Yearly Open!
Once that's taken care off, I will be looking towards $7.5
This is starting to look a lot better since CRYPTOCAP:BNB is also trying to expand from the current consolidation.
BINANCE:CAKEUSDT
Cake in demand zone Volume profile shows super low trading volume below current levels. Several small bounces from 2.06usd. Strong low, Equal lows and demand zone accross several timeframes pointing to this same price acting as a support level.
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.
CAKE discount zone on 4hCAKE has been under sell pressure since ATH. Overcame several changes and finally became deflationary but of course, it takes time to gain the users' trust and boost the adoption.
The discount zone at 4h says it all. Strong support at 2usd. Undervalued number 1 bnb chain defi which is now deflationary.
Price approaching Weekly and Monthly lows with V4 coming this is a good opportunity to jump in for the incoming altcoin season.
CAKE 4h - NEUTRAL CAKE 4h - NEUTRAL
Im neutral from here for majority altcoins because tomorow we have Trump inauguration so, need to see what he will say about crypto.
But on medium term, we are still inside a accumulation range.
CAKE bullish pattern !#CAKE is going to make a big rise as there is a nice pattern which 2 different strategies can approve it
1) once is touching demand zones
2) the other is fibo levels stops the market from going deeper
check out our last analysis on cake 👇👇👇
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 📰💡.
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.
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
CAKE is bullish #CAKE made a big drop when the whole market was dropped it touched a good demand zone also it touched a fibo zone that has a good retractable liq
I think maybe there will be a small correction but the last bottom will not break !
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
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.
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