CAKE Change Of Polarity After a long timeCake Change Of Polarity.
But...................... Should Breakout Resistance ......After Start To UP Trend
SLMM Is First , Trade Second.
SL = Stop Loss
MM = Money Manegment
CAKEUSDT trade ideas
CAKE/USDT DIn the daily chart , after the formation of the wedge pattern and its breakout to the upside, the price has moved towards the static resistance level that we had identified before. if this area, which is in the range of 5.2$, is broken , it can easily move up 9.7$
CAKE analysis - sales pressure from 12 month unlocked staking In the short term CAKE is expected to drop to at least the prior support price
as it would be unusual to drop this far and not retest that price
The main driving force behind the price movement right now is large amounts of CAKE are being unlocked from 12 month staking.
About a year ago - April 2022 - Pancakeswap was offering large staking interest for 12 month staking.
The interest rate / APY was around 140% at one point but has since settled down to the current 45%-ish rate.
Due to the high APY rate, a lot of people staked their CAKE for 12 months at that time.
That was expected to reduce selling pressure and help the price move up - however for whatever reason ... the price trended down
We are now at a point 12 months later where a lot of that locked CAKE is being unlocked.
I expect people are panicing due to the price drop and dumping their unlocked CAKE and in addition if they know about what I mentioned above they will be even more panicy as they are aware that a lot of people are getting their cake back around this time.
As mentioned above - staking should help the price go up by reducing sales pressure due to coins being taken off the short term market so they can not be sold.
Unstaking does the reverse of that - putting the coins back in the holders hands market where can be sold - that adds to the sales pressure and can make the price drop.
Also - the current APY (45%) is not as exciting as the earlier (140%) so that makes re-staking less appealing than it was 12 months ago
With all of that in mind, CAKE could have a large drop from the current price.
I hope CAKE turns around soon as it has huge potential due to being an integral part of Pancakeswap exchange - however I can not recommend a buy at this time.
This is only what I think will happen in the next few weeks. After that I dont have any ideas on whether it will move up or down
Just my 2c personal opinion. I am not a qualified analyst. Do your own research etc etc
$CAKE retesting the support before taking off#CAKE successfully broke out the resistance of the triangle, now I can see a possible scenario where it will retest the now support before taking off.
Stay safe as always/
Cake/usdt 15MinWould you like to receive daily 1 to 2 signals along with charts and explanations? All signals have a win rate of 2/1
Cake/usdt ×10
BUY 4$
Stop close under dynamic line
Target 4.5~4.8
CAKEUSDT Long Signal: Target 8.888Hey traders,
I'm sharing a long signal for CAKEUSDT with you today.
Here's my analysis:
The token has been in a strong uptrend since early February.
It has broken above several key resistance levels.
The RSI indicator is above 70, indicating bullish momentum.
The MACD indicator is also bullish, with the MACD line above the signal line.
Based on this analysis, I believe CAKEUSDT will continue to rise until it reaches 8.888.
Here are some tips for trading this signal:
Use a stop-loss order to protect your capital.
Don't risk more than you can afford to lose.
Be patient and wait for the market to confirm your analysis.
If you have any questions, feel free to leave a comment below.
Good luck!
Here are some additional details to consider:
Timeframe: This is a short-term trade, so you should expect to hold the position for a few days or weeks.
Entry price: You can enter the trade at the current market price, or you can wait for a pullback to a lower level.
Exit price: Your target price is 8.888. You can also set a trailing stop-loss order to protect your profits as the price moves in your favor.
Risk management: Always use a stop-loss order to protect your capital. Don't risk more than you can afford to lose.
Remember, trading is a risky activity. Always do your own research and consult with a financial advisor before making any trades.
CAKE- The Good Ol' DeFi Tokens Vol 2Cake is still a big play..
With BNB gaining more ground..this will reclaim back some of those ''R'' levels..
Place your TP form the current price level
Now..i am not too sure of $44 cake but a sure 10-20$ price cake i can vouch for.
But this is crypto..Never say never
CAKE has broken its weekly MA100 that is a strong bullish signalPancakeSwap ( BINANCE:CAKEUSDT ) has broken above its weekly moving average 100 that is a strong bullish signal. We are hours away from the confirmation of this signal when this weeks candle closes above the weekly MA100. Later on, after a possible pull back to the moving average it will continue its way toward much higher price targets as the way above is very much clear. Only if you try to leverage the ichimoku indicator you would notice that there is a small resistance caused by the lagging span which is right now below the red massive weekly cloud. As soon as the lagging span is freed on the weekly BINANCE:CAKEUSDT is on a parabolical journey towards its all time highs. We are talking about at least 12x profit from here if you consider buying and holding for a longer time when it reaches its previous all time highs. Of course, it can potentially even go higher than that. So keep an eye on the BINANCE:CAKEUSDT in the upcoming week and wait for the confirmations to get into the trade. Good luck.
$CAKE* Cake is sitting on weekly support.
* Possibility of cup & handle formation
1d:
Bullish trend strength: 21
MA7 > MA25 > MA99
MA50 > MA100 > MA200
Supertrend is long
Price > MA50
Chikou Span > Price
Bearish reversal potential: 15
MACD Bearish Cross
DI+/ DI- Bearish Cross
Bearish Engulfing
3D:
Bullish trend strength: 32
MA7 > MA25 > MA99
Supertrend is long
Price > MA7
Price > Tenkan Sen
Price > Kijun Sen > Kumo
Chikou Span > Price
MACD > 0
Bearish reversal potential: 1
StochRSI Overbought
What do you think the price of CAKE will go up to?BINANCE:CAKEUSDT
The CAKE token is showing positive signals for a long position in the daily timeframe.
These signals include:
Increased trading volume
RSI entering the overbought zone
However, keep in mind that this is just an idea and you should always use your own capital management strategy before entering any trade.
prision breakI hope that the strong red resistance line will be broken.
In this case, we will see good growth
wait & watch it.
CAKEUSDT 3DBuy some #CAKE here, price will pump 250%
There is an inverse Head & Shoulder pattern on the 3-day chart and the price is trying to break the trend line which is the neckline of iH&S. Targets are:
$4.003
$4.915
$5.827
$7.126
$8.780
$CAKE has 2 ways to breakout#CAKE has two options in my opinion:
Scenario A:
- the volume increases and on a daily timeframe we can see a possible breakout of the first resistance. So far the support is holding.
Scenario B:
- if the volume decreases we can see a possible retrace but soon it will be possible to re-try and finally break the resistance.
IMO the scenario A is more what will happen. In both of the cases, buckle up! NASDAQ:CAKE can easily reach the old time high, other folks are saying it can even reach $100 in this bull run.
Do always your diligence and take profit along the way. My strategy is to take 25% to all my targets, for instance:
- take 25% profit when it reaches 10$
- 25% when it reaches $20
- 25% if it reaches $40
- the rest will ride until I think it's the ATH
CAKEUSDTIt seems Pancake had been completed a Diametric Correction and it is preparing for starting a rally to 20$ or even 120$.It is not Buy signal and just personal idea. Be careful.
CAKE/USDT everything looks perfect for a swift break abobe 5$Check out my last idea on CAKE/USDT here
CakeUSDTLet's see what will happen
Break the specified area from any side and confirm it, we can take it
Where does it go?(CakeUSDT W)BINANCE:CAKEUSDT The expected target is visible on the chart. If a second target is provided, it is likely to be achieved.
CAKE can go to the bottom of the rectangleCAKE can go to the bottom of the rectangle again before it continues to to up
🔵Entry Zone 3.021 - 3.128
🔴SL 2.6264
🟢TP1 3.3490
🟢TP2 3.6706
🟢TP3 4.5688
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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🎂💹 CAKE Trading Strategy - Laddering Within Support Zone! 🚀📊🔍 Strategy Overview:
Condition: Testing the $3.00 - $3.15 support area.
Entry Criteria: Ladder entry within the support zone.
Targets: Aim for the next resistance levels at $3.45 or $3.65 - $3.80.
Risk Management: Set stop-loss just below $2.80.
📢 Analysis: Utilizing laddering within a strong support zone provides flexibility. Keep an eye on market dynamics and adapt as needed. 🌐🚀
#CAKE #CryptoTrading #RiskManagement 💰📈
