CAKEUSDT trade ideas
PancakeSwap Cake price looks scary and "discourages" buying themIf we look at the trading history of CAKEUSDT, we will see that the price is still in a downtrend channel
After breaking through the critical $3.60 level, the price of CAKE has been falling steadily.
It is a thankless task to guess when the price of PancakeSwap will hit the bottom, especially since the BTCUSDT price may be just beginning to fall.
But we can make some estimates:
The CAKEUSD price has now reached the middle of the falling channel, a rebound is possible, but it is hard to believe in this pattern.
Below, the intermediate level of $1.50
The bottom of the channel is around $1, and this is probably the first level where we would be to risk buying CAKE, and it is after the price stops and trades above the level.
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
CAKE - Keylveles - 2DaysThese are my Keylevels on 2days ,timeframe, even if we have a 2x from 1 to 2usd , there is still a downtrend.
Ride Cake Usdt to next resistanc levelHEY
This is cake usdt idea what i have recently its quite bullish so its a good long setup to play to next support level. You can manage risk according to your appetite.
Thanks
CAKEUSDT.1DBased on the given market data, the CAKE/USDT pair is currently priced at 2.347 USDT.
From a technical perspective, the Relative Strength Index (RSI) is currently at 89.61 for the 4-hour chart, 92.41 for the daily chart, and 58.66 for the weekly chart. These figures suggest that the currency is currently overbought in the short-term (4h and 1d) and may be due for a correction. However, the weekly RSI is in the neutral zone, indicating a balanced market condition over a longer timeframe.
The Moving Average Convergence Divergence (MACD) values are at 0.239 and 0.163 for the 4-hour and daily charts respectively, suggesting a bullish trend. However, on the weekly chart, the MACD is -0.279, which shows a bearish trend.
The Bollinger Bands (Bb) are at 2.404 for 4h, 2.382 for 1d, and 2.250 for 7d, indicating a high degree of price volatility in the short term.
Looking at the support and resistance levels, the first support level on the 4-hour chart is at 1.800, and if it breaks, the next supports are at 1.243 and 1.020. The resistance levels are at 2.497, 2.800, and 3.01. For the daily chart, the supports are at 1.291, 1.049, and 0.900, and resistances at 2.960, 4.150, and 4.730. On the weekly chart, the supports are at 1.388, 0.899, and 0.840, and resistances at 3.069, 4.870, and 5.470.
In conclusion, the CAKE/USDT pair is showing mixed signals. The short-term charts (4h and 1d) indicate an overbought condition and a possible correction, while the weekly chart indicates a neutral to bearish sentiment. Traders should proceed with caution and consider both the short-term and long-term indicators before making a decision.
SHORTcaKE :)Do as I say not as I do hahahahah Short the cake and you will make some Moolahhh. This is a very broad chart for the public eyes. Crypto and energy go hand in hand. Energy is off the scale today! Find me and I will help you win more than you ever have before. Have a fantastic day!! LUP247Energy ~~~
CAKEUSDT IdeaBINANCE:CAKEUSDT BINANCE:BTCUSDT
⚠️ Disclaimer: The following insights reflect my personal perspective on the market, relying on publicly available information and historical data. While some opinions stem from my actual trades, others do not. I am not a financial advisor, and I bear no responsibility for your trading choices.
✅ Feel free to reach me out with any questions or recommendations. I am more than willing to assess and analyze any currency pair or index that piques your interest.
CAKEUSDT 1WPay attention to #CAKE chart. Buying some #CAKE at current price and around $1.61
Massive falling wedge breakout is coming IMO. Volume are good!
#CAKEThe green area can have a bye up to the specified area, which can continue to grow for 4 hours up to the specified area.
CAKE Is Ready For Eating. With StoplossWelcome to our crypto exploration hub! We're here to navigate the exciting world of digital assets, providing you with comprehensive insights into market dynamics and potential trading opportunities.Our mission is to decode the crypto market's mysteries and equip you with the knowledge you need to make informed investment choices. From the latest developments in Bitcoin to the hidden potential of various altcoins, we're your trusted source for daily technical analysis.While technical analysis is a valuable tool, it's important to remember that it's just one piece of the puzzle. We encourage you to take a well-rounded approach to your investments, considering factors like macroeconomic trends, news, and community sentiment.Join us for the freshest analyses, and don't hesitate to join the conversation in the comments below. Keep in mind that our content is purely for educational purposes and should not be construed as financial advice. Always integrate it into your broader investment strategy."
CAKE is back! Much work was done to remedy the inflation from an unsustainable 60-80% to 3-4%. CAKE is now burning more than emitting which makes this token technically deflationary even if there is still emission running at a rate of 1.45cake per block which is 1/10 of what we saw in previous months. From oversold area now rising with impressive volume back to live. It entered the top 100 coins list and still has a lot to offer. Was waiting for this bullish weekly signal around 1,75usd which now seems to be confirmed soon.
PancakeSwap ($CAKE) Sustainable Growth PancakeSwap (CAKE), the dominant decentralized exchange (DEX) platform on the Binance Smart Chain, appears to be back on track, with a parabolic price surge. At the time of writing, the altcoin is up by 28%, with its price changing hands at $1.55. By the current outlook, PancakeSwap has soared in a parabolic manner to its highest price level in the past month.
PancakeSwap is typically not a high flier when it comes to potential price resurgence. However, three prominent announcements triggered the massive buy-up being recorded at the moment.
First, the DEX protocol announced that it has completed the last round of revenue distribution to its staking program participants. Though the CAKE involved in this distribution is pegged at just 13,977 units, it underscores how functional the DEX is in terms of attracting external community participation.
Secondly, PancakeSwap announced the listing of USDⓈ-M CAKE Perpetual Contract on Binance Exchange. This listing is considered a big deal based on the size of the Binance community and the exposure the listing will grant to CAKE moving forward.
Besides these updates, PancakeSwap also confirmed that its DEX across the V1, V2 and V3 protocols has recorded a trading volume worth $600 billion. This is a testament to retail activities, and it complements the 799.16% jump in daily volume to $127,353,502.
PancakeSwap And Sustainability Goals
As the pioneering DEX on Binance Smart Chain, PancakeSwap has shown it is committed to sustainable growth over the years. The protocol has an active CAKE burn program as it eyes a deflationary push amid uncertain market conditions.
One of its key growth markers is the consistent uptick in trading volume. Per its design, PancakeSwap is a venue where most DeFi traders go to swap their tokens, presenting an alternative to Uniswap, whose adoption is often marred by excessively high network fees.
With PancakeSwap remaining sustainable in its offering, the growth appears largely unsurprising to those following its performance.
🔥 CAKE Falling Wedge: Break Out Expected!On several previous occasions I've written about CAKE and the fact that this token is dying. I don't see CAKE perform well in the next bull-run, but that doesn't mean that CAKE can't go up.
I'm looking at the falling wedge on the chart. If we can get a break out in the near future, ideally above 2$, I'd wager that the break out is a success. My target would be 10$. Might be far-fetched, buit seeing that CAKE was one of the major losers of the bear market, there's potential for a big bounce.
CAKE break out downtrend channelhi dear trader
pancake swap It is being pumped
and now breakout downtrend channel
2.5 $ is first target in short term
good luck
CAKE/USDT Secondary trend. Pivot zones. 08 2023Local trend. Logarithm. Time frame 3 days.
Local trend. Work in it Risk Management.
In the local trend at the moment, this coin is interesting to work on, especially since the triangle is almost formed and the dénouement is coming soon. Stops will be quite short in the direction of the breakout.
Take a local profit (probably substantial) and forget once and for all about crypto fantasies and what will happen to the price next. No regrets if you took a relatively small profit and further development of the trend showed an order of magnitude more. In the end, everything can be the opposite, you will be the lucky one who “had time” before the “sunset”. Learn to profit from the market, it is better to take a little bit at a time, limiting risks, than to take potentially large profits (which is what most “sectarians” are waiting for).
A linear price chart with no market noise.
Pivot zones from key liquidity zones.
The main idea and meaning of this idea is to show the logic of working with reversal zones from key resistance support levels, which will determine the further development of the trend. I have shown all possible scenarios of secondary trend development from more probable and logical to less probable, but which have the right to be realized. You should always keep even unlikely scenarios in your mind, even if you do not believe in them. Few people calculate different variants of trend development ahead of time. In most, as a rule, there is one scenario of price movement, but it is built in most cases on the desire that it was exactly as profitable.
Major trend. Time frame 1 week.
CAKE Basic trend. Working with reversal zones. Money management. Read the text in the description of the main trend idea, it's important.
CAKE/USDT - PancakeSwap: Trend_Reversal◳◱ An intriguing development has unfolded on the NASDAQ:CAKE / CRYPTOCAP:USDT chart as we've identified a compelling Trend Reversal. This shift in price dynamics indicates a noteworthy potential trend change. It's crucial for us to pay attention to the next resistance levels located at 1.181 | 1.245 | 1.374 and the significant support levels found at 1.052 | 0.987 | 0.858. Taking these factors into consideration, it may be prudent to contemplate entering a buy position at the current price of 1.219, allowing us to take advantage of the projected trend continuation.
Let's keep a watchful eye on this exciting opportunity and stay proactive in our trading strategies.
◰◲ General info :
▣ Name: PancakeSwap
▣ Rank: N/A
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Hitbtc
▣ Category/Sector: N/A
▣ Overview: PancakeSwap project overview is currently unavailable. I'll try to update this in the upcoming analysis.
◰◲ Technical Metrics :
▣ Mrkt Price: 1.219 ₮
▣ 24HVol: 4,773,376.974 ₮
▣ 24H Chng: 0.578%
▣ 7-Days Chng: N/A
▣ 1-Month Chng: N/A
▣ 3-Months Chng: N/A
◲◰ Pivot Points - Levels :
◥ Resistance: 1.181 | 1.245 | 1.374
◢ Support: 1.052 | 0.987 | 0.858
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: N/A
▣ Last 90D: N/A
▣ Last 1-Y: N/A
▣ Last 3-Y: N/A
◲◰ Volatility :
▣ Last 30D: N/A
▣ Last 90D: N/A
▣ Last 1-Y: N/A
▣ Last 3-Y: N/A
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.67 - Bullish
▣ Reddit sentiment score is 0.60 - Bullish
▣ In-depth CAKEUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
Discover it here - affiliate link -
CAKE longCAKE broke trough off the upper boundary of descending channel. Bullish movement to resistance level at 1.315 is expected to happen.
CAKE/USDT the end of the downtrend?After a long down trend and reaching a new ATL at $1.126 on september 24th, CAKE seems to slowly regain some positive momentum, but for how long?
As you can see in our graph, the CAKE is moving since several weeks in the "Extremely Oversold" zone of the BRS as well as the "Clearly Oversold" zone of the PMB. Both the PMB and BRS sent DCA-buying signals, a total of 6 in the last 44 days and 11 for the last 140 days, with a maximum buy price of $1.861.
Regarding the short positive momentum it gained over the last days, we can see that the Strength Reversion (BSR) hasn't sent an overbought signal yet, but that the price of the asset is close to this zone. We will have to wait the next few days to see if CAKE reaches a resistance with the BSR Upper Line, or if it will pass it and use it as a short term support.
All in all, CAKE still seems to be in an overall downtrend and in a good zone to continue accumulating. We will have to wait for a stronger signal to think about reaching prices that are interesting to start DCAing in a sell direction.
What do you think? Will CAKE reach a new All-Time-Low? Or will it start to slowly switch to an uptrend?
Brief Analysis——CakeMany tokens have entered a bearish channel since March, and the price has fallen continuously and even updated their lows for the year. If you pay attention to the on-chain data, then you should know that this is due to the withdrawal of liquidity from the market. There are more tokens and less funds. Funding will be concentrated toward stronger projects, just as it is apical dominance in biology. Under such an influence, some tokens used as emission rewards have greater downward pressure.
As a classic DEX, Pancake also encountered such a situation. Not only is there a decrease in funds in TVL, but the price of its token emission token Cake continues to fall, hitting a new low this year.
Through the ME indicator, we can see that starting from Mar.11, CAKE entered a new bearish channel, and the price remained below the yellow area. Now, the ME indicator continues to maintain its bearish trend.
(The ME indicator is a trend indicator. The yellow wavy area represents the resistance area, and the purple area is the support area. The signals of S and B correspond to the entry point of short positions and long positions respectively, but do not indicate the exit point.)
Now, the ME indicator gave an S signal, which shows that the bulls at the small level have reached the extreme point and the price will fall again. Cake will begin a new decline in the short term. If you happen to have opened a short position, when CAKE has a long green candle, you can use it as the closing point to take profit.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
CAKEUSDT Elliott Waves Analysis (Global Vision)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
BUY ZONE: 1.1 - 0.7
minimal target zone: 2.5 - 3
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
CAKEUSD ❕ ascending wedgeTrading volumes remain stable.
The price and RSI chart formed a divergence.
I believe that the asset will correct before continuing to grow.
Looks like $CAKE is abandoned by their teami truly doing some research about what happens in few month ago on this coin.
but for a today,. many got rekt by NASDAQ:CAKE
i skip this one.
CAKE/USDT Near ATL (ALL TIME LOW)Hey traders👋
CAKE caught our attention with a good probability of some major movement soon here! Recently we witnessed a nice small breakout candle (green) which seems to us like a good start of a bullish scenario here!
We want to see one of two actions to happen:
- First = If we see a clean reach to 100EMA zone we will be looking for potential breakout there towards 200EMA zone which is near $1.325
- Second = If we see a market price to move slowly to lower zones and lack of volume we will be looking for that lower support to be broken. Once we will enter with short position (as we might not see a re-test to support)
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
