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CAKEUSDT trade ideas

CAKEUSDT | Massive Upside PotentialThe blue box on the chart represents a potential demand zone, where buyers might be stepping in to accumulate CAKE tokens. This area often indicates a region where the price has previously shown signs of strong support or reversal, suggesting that buyers are willing to purchase aggressively at this level. Key Observations Supporting Buyer Accumulation: Volume Increase in the Zone: A noticeable uptick in trading volume within this zone suggests active participation, likely from buyers. Increased volume at such levels often confirms accumulation. Price Rejection Wicks: If the candles show long wicks rejecting lower prices, it indicates that selling pressure is being absorbed by buyers. Historical Significance: If this blue box aligns with a previously tested support zone or a Fibonacci retracement level, it reinforces its strength as an accumulation area. Market Sentiment: Look for signs of a broader market recovery or bullish sentiment in the overall crypto space, which could encourage accumulation in CAKE. Indicators Alignment: Tools like RSI being in oversold territory or bullish divergence can further confirm that buyers are gaining control in this zone. What to Watch Next: Breakout Confirmation: A strong bullish candle breaking above the resistance of the zone confirms the buyer's dominance. Retest of the Zone: If the price revisits this area after breaking out and holds above it, it solidifies this zone as a demand level. I keep my charts clean and simple because I believe clarity leads to better decisions. Trading doesn’t have to be overly complicated, and I enjoy sharing setups that have worked well for me. My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. It’s all about learning and growing together as traders, and I’m here to share what I see. The markets can confirm what the charts whisper if we’re paying attention. I hope these levels help you as much as they’ve helped me in the past. Let’s see how this plays out! Why follow me ? 🐶 DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P: Potential Surge 📊 BTC Dominance: Reaction Zone 🌊 WAVESUSDT.P: Demand Zone Potential 🟣 UNIUSDT.P: Long-Term Trade 🔵 XRPUSDT.P: Entry Zones 🔗 LINKUSDT.P: Follow The River 📈 BTCUSDT.P: Two Key Demand Zones 🟩 POLUSDT: Bullish Momentum
Long
by UmutTrades
Technical Analysis of CAKE/USDT The 4-hour chart for CAKE/USDT shows a consolidating price action within a descending channel, following a strong uptrend. The Alligator indicator lines (blue, red, and green) are showing tight convergence, indicating reduced volatility and a potential breakout. Key Levels to Watch Support: The price is approaching the $2.81 level, aligned with the 0.618 Fibonacci retracement. This is a critical level to maintain bullish momentum. Resistance: A breakout above the $3.59 level, which corresponds to the 1.618 Fibonacci extension, could confirm the continuation of the upward trend. Potential Scenarios Bullish Breakout: If the price breaks above the descending channel and surpasses $3.59, it could target higher Fibonacci extensions, signaling a renewed bullish trend. Bearish Breakdown: A failure to hold the $2.81 support could result in further selling pressure, leading to a retest of lower levels in the previous uptrend. Alligator Indicator Analysis The Alligator lines are acting as dynamic support and resistance. A clear price movement above or below these lines will likely determine the next significant direction. Summary Bullish Target: $3.59 (Breakout level). Key Support: $2.81 (Retracement level). Traders should monitor the breakout from the descending channel for confirmation of the next move. Disclaimer: This analysis is for informational purposes only and not financial advice.
Long
by arongroups
CAKE Secondary trend. Potential for this alt season #2. 11 2024Logarithm. The main trend, published more than 1.5 years ago. CAKE Basic trend. Working with reversal zones. Money management . 6 08 2023 The level zones are identical as before and now, nothing can change. The main trend now without “market noise” and the average price of this cycle distribution. Secondary trend. The price has left the descending channel and has gone sideways. The price is drawing a large double bottom. The first local target is its resistance. Then a big pump. Exit the position before everyone else before the key resistance levels. Local trend . There is an exit with accumulation by impulse +50%. Now the prices are near the minimum of the trend in comparison with the huge pumping potential.
Long
by SpartaBTC
9
CAKEUSDT - Imminent RetracementWave Structure Update: Intermediate Wave 3 The price has clearly completed a 5-wave cycle within the 3rd wave of intermediate degree. Following Elliott Wave guidelines, the next movement is expected to retrace toward the 4th wave of a lesser degree. This aligns with typical wave behavior, as corrections often seek the support zone of the prior lesser-degree 4th wave. Additionally, a divergence between the 3rd and 5th waves of intermediate wave 3 adds further evidence of a potential reversal or consolidation phase before the next impulsive move. This divergence often signals waning momentum, supporting the case for an upcoming corrective wave.
Short
by alex.inoa
Alikze »» CAKE | Bullish Wave 3 or C Scenario - 1W🔍 Technical analysis: Bullish Wave 3 or C Scenario - 1W 📣 BINANCE:CAKEUSDT In the long-term analysis mentioned earlier, after a zigzag correction to the $1 area, a reversal pattern (inverted head and shoulders pattern) has formed. 🟢 In accordance with the previous analysis , the target was touched. 🟢 But currently, on the weekly time frame, in continuation of the previous analysis, it is in the supply range. 🟢 Two possible behavioral scenarios can continue. 💎 First scenario: This upward movement can extend to the previous minor ceiling and, after a correction to the broken supply range, continue to the next supply area. 💎 Second scenario: If the current supply area cannot be broken (the current supply area is not used up), it can continue the upward path by breaking the supply area of ​​the current range to the $5 area with a pullback to the broken swing. ⚠️ In addition, in both possible bullish scenarios predicted, the price should not enter the LVL validation range. If a price correction occurs and the price touches the aforementioned area, the bullish scenario is invalidated and should be re-examined and updated. ⚠️ »»»«««»»»«««»»»««« Please support this idea 💡 with a LIKE 👍 and COMMENT 💬 if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email 📧 in the future. Thanks for your continued support.🙏 Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Long
by UnknownUnicorn7266498
#CAKE Reaches A Critical Moment—Will the Bulls Save the Day?Yello, Paradisers! Is #CAKE on the verge of a powerful bullish breakout, or will the bears crush any hopes of recovery? Let’s break down the latest analysis of #PancakeSwap: 💎After 5-6 months of a slow and steady downtrend, #CAKEUSDT is now reaching a crucial juncture. The price is testing the upper boundary of the descending channel, setting up for a retest that could ignite a major rally. But the bulls face a tough challenge: to trigger this breakout, #PancakeSwap must overcome the $2.00 resistance. 💎This level, once a solid support, has now flipped into a significant barrier. To confirm bullish momentum, the breakout must be backed by rising trading volume and a favorable interaction with the 20 EMA. If these conditions are met, a surge toward the next major resistance area becomes a real possibility. 💎However, there’s a serious risk if bulls lose steam. A failure to sustain momentum could lead to a pullback into the $1.46-$1.61 support zone, which has to hold to prevent deeper damage. If this area breaks down, we could see a swift move toward $1.20. 💎If $1.20 doesn’t hold, the bears could seize control, leading to a sharp correction and dashing hopes for a short-term bullish recovery. The market can be brutal, and only those who approach it strategically will succeed. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
4
Alikze »»CAKE | Reverse head and shoulders pattern🔍 Technical analysis: Reverse head and shoulders pattern - In the previous analysis , it was mentioned that a head and shoulders pattern was formed, that the last correction log can extend to the range of 1.17. - As mentioned, it is moving in a descending channel. - Demand was met at the bottom of the descending channel and the range, which experienced a growth up to the top of the channel and the broken zone. - Currently, in weekly and daily time, in addition to the descending channel, it is in a concentration. - In addition, it is suspected that the head and shoulder pattern is the opposite. Therefore, I expect it to advance to the supply zone after the last bearish leg and the right shoulder are completed, out of congestion. 💎 Note: It is necessary to explain that the right shoulder should not be extended to the previous area, in which case the alternative scenario should be checked and the post updated. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:CAKEUSDT
Long
by UnknownUnicorn7266498
1
SasanSeifi| Price to Test $2.50!Hey there, ✌ As observed in the daily timeframe BINANCE:CAKEUSDT , the price has been moving back and forth within the price range of $1.50 to $2.00 for some time. Currently, after the price has once again tested the demand zone around $1.50, we have witnessed a positive reaction and increased demand, which has driven the price upwards. Additionally, the downward trendline has been broken. Given the current market conditions and the overall analysis indicating an increasing market bias towards a bullish trend, it’s likely that we will see significant price growth in the mid-term. In this scenario, if the price can maintain the levels between $1.70 and $1.80, we will likely continue to see upward movement, with the price targeting the next supply zone between $2.10 and $2.20. In this range, we may see a negative reaction, which could lead to a consolidation phase or minor correction. However, after a potential pullback, the bullish trend is expected to resume, with the price targeting higher levels at $2.50, and eventually reaching longer-term targets around $2.80 or even $3.00. To better understand the continuation of the trend, it will be important to see how the price reacts to the mid-term target at $2.50. 💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions! Happy trading!✌😎 Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
Long
by SasanSeifi
4
CAKEUSDT.1DCAKE/USDT daily chart, several critical levels and technical signals stand out. The price is currently trading at around 1.907, and I've identified key resistance and support zones that could shape the near-term price action. Resistance levels are observed at R1 (2.104) and R2 (2.440), while the support levels are located at S1 (1.494) and S2 (1.200). These levels create a framework for potential movement, indicating areas where price reversals or continuations may occur. The chart shows a descending triangle pattern forming, which often signals bearish continuation but can also act as a consolidation phase before an upward breakout. Currently, CAKE is testing the upper boundary of this triangle near S1. A successful breakout above the descending trendline and R1 could suggest a bullish shift, with a possible target at R2 if momentum strengthens. Conversely, a rejection at this resistance could push the price back toward S1, and if breached, the price might slide further toward S2. The MACD (12, 26) indicator is slightly positive, with the MACD line crossing above the signal line, indicating a potential shift towards bullish momentum. This crossover suggests that buyers are gaining strength, which could support a breakout scenario if buying pressure persists. However, I’ll monitor the MACD histogram closely, as any decrease in its positive momentum could signal weakening bullish interest. In conclusion, my outlook for CAKE/USDT is cautiously optimistic. The next few sessions are critical, as a confirmed breakout above R1 would likely set a bullish tone, targeting R2 at 2.440. However, if the price fails to hold above S1, I would anticipate a retest of lower support at S2, around 1.200. I remain observant, ready to adjust my perspective based on the market's reaction at these crucial levels.
Long
by MarsSignals
#CAKE PancakeSwap Poised for a Sweet Rebound?This chart displays PancakeSwap #CAKE against Tether #USDT on a daily timeframe. CAKE has been trading within a descending channel, but recent price action indicates a potential breakout, suggesting a shift in momentum. The current price stands at $1.572, up by 3.15%, and the projected target is $5.293, implying a significant 234.01% upside. This technical setup hints at a possible major move upward, making it an enticing opportunity for those looking to ride the next wave in the market. ⚠️ All trading ideas are published with a time delay. If you want to follow the trading in real-time, please follow the link:
Long
by S_CAPITAL
2
Cakeusdtsemi forgotten high quality project living mostly on bsc but is now multichain and very highly regarded aka it won't crash or binance's reputation will be 0 73% to the bear market highs post probable unlock event and dilution from farming, probably the new range unless some massive burns take place.. still quite a high % gain on offer.. cz outta jail crypto market heating up alts will run after btc breaks aths.. might not be till november or next year but still it looks inevitable
Long
by olliecoughland
Signal for CAKESignal for CAKE/USDT 🎯 Entry Point (Buy): 📉 1.912 - 1.930 This is the suggested buy range based on support and the ascending channel. Take Profit Targets (TP): 🎯 TP-1: 1.929 🎯 TP-2: 1.952 🎯 TP-3: 1.974 🎯 TP-4: 2.000 Stop Loss (SL): ❌ 1.895 If the price breaks below this level, it's recommended to close the position. 🚀 Summary: The price is in an uptrend inside an ascending channel, and entry at the current support levels could lead to potential profit if the targets are hit. If the support fails, the stop loss will limit the downside risk.
Long
by ahmadarz