CAKE
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
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.
Alikze »» CAKE | Head and shoulder pattern scenario🔍 Technical analysis: PullBack to broken structure
- According to the analysis presented before, after touching the supply range, it faced selling pressure.
- It is moving in a downward channel in the daily time frame.
- In the last update, after reaching the 3.13 range, it faced selling pressure again, which touched the downward target in the range of 1.56.
- Currently, the level of 3.13 has returned as much as 100% of the previous wave.
- As can be seen, a head and shoulders pattern has been formed, which is confirmed by the break of the trigger line and neck line.
💎 Therefore, considering that it is located at the bottom of the channel, it can touch the target of 1.17 with pullback to the neck line.
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Alikze »» OM| Pullback to the roof major🔍 Technical analysis: Pullback to the roof major
- In the analysis presented before , it was mentioned that it is located in a range area, which after creating demand in the green box area, it was able to advance to the supply area.
- But it is currently in a bullish channel in the daily and 12H timeframes.
- According to the bottom range of the channel, if it faces demand in the liquidity area, it can grow up to the previous ceiling range of 1.37 in the first step.
- In addition, it will have the ability to reach the specified supply area by breaking the previous ceiling.
💎 Alternative scenario: But if the pullback to the broken structure faces selling pressure and breaks it, the correction can continue up to the green box area.
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BINANCE:OMUSDT
Alikze »» MKR | Bullish Flag🔍 Technical analysis: Bullish Flag
- It has been moving in an ascending channel in the daily and weekly time frames.
- According to the analysis presented in the previous post, there has been a modification to the bottom of the channel and the ceiling of the previous major.
- There is now an ascending flag form with a pullback to the broken cap structure of the major.
- Therefore, if the green box meets the demand, according to the momentum and corrective structure of wave 4, it can have targets of 5000-5600-6250 up to Fibo 1.618. To continue the path, it must be above 2500 dollars to touch the specified goals.
💎 Alternative scenario: In addition, according to the previous analysis, if the green box breaks down, the next target can be the range of $1250.
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Alikze »» ENA| Movement in the descending channel🔍 Technical analysis: Movement in the descending channel
- In the analysis presented in the previous post , it was able to move up to the 0.78 Fibo range according to the predicted movement path, which then encountered a correction that also traversed the alternative path.
- Currently, after breaking the downtrend channel, it has re-entered the channel.
- It is moving in an ascending channel in the 12H time frame.
- After breaking the support area, which is now a supply range for an upward trend, it has faced selling pressure, which, of course, has tried to break it several times, which has failed so far.
- Therefore, if it can maintain the 0.39 area and stay above it, it can break the supply area and have an upward movement up to 0.586.
- Furthermore, considering that the supply zone is in the middle of the downward channel, if it fails, it can test the 0.78 Fibo zone again.
💎 Alternative scenario:
In addition, you should note that breaking and stabilizing below the 0.39 area can continue the downward trend up to the Fibo range of 1.618.
🎯 Targets: 0.586 - 0.78 Fibo
🟩 Support: 0.39
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BINANCE:ENAUSDT
CAKE : buy in low Analysisfor CAKE/USDT
Author: ahmadarz
In this analysis, we are reviewing the CAKE/USDT pair. According to the provided chart, the price is at the lower support area of the trading range, and the entry point is specified.
Key Points:
- Entry Point: 1.943
- Target Prices (TP):
- TP-1: 1.966
- TP-2: 1.989
- TP-3: 2.014
- TP-4: 2.042
- TP-5: 2.087
- Stop Loss (SL): 1.917
- Explanation: The best position to enter a buy trade is in this support area. Target prices are specified sequentially, and the stop loss is determined in case the support area is breached.
Caption:
🔍 Analysis of CAKE/USDT: The price is in the lower support area of the trading range. The entry point is set at 1.943, and target prices are specified. 📈
Warning: This trading signal is based solely on technical analysis, and the trader is responsible for any decisions made.
CAKE looks bearishFrom where we placed the red arrow on the chart, it seems that the CAKE correction has started and wave A has ended and we have entered wave B.
Wave B is a zigzag diamond pattern.
We are looking for sell/short positions in the red range.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
pancake swap ready for 400 % profit (cakeusdt)hello dear trader and investors
this price action for cake with usdt pair and now cake in the QM bulish pattern after bitcoin retest supourt zone pancake collected liQ on the supourt zone
and fundamentally:
A multichain DEX PancakeSwap has recently announced a token burn event. As per the platform, the respective episode takes into account the burning of up to 9,039,859 NASDAQ:CAKE tokens with a value of up to $16 million. The company took to the social media platform X to disclose further details of this development.
9,039,859 NASDAQ:CAKE just burned – that’s $16M!
PancakeSwap Commences a Token Burn of up to 9,039,859 NASDAQ:CAKE Tokens
In its recent X post, the firm revealed that this burn event works as a part of PancakeSwap’s broader efforts. According to the platform, the current endeavors thereof focus on minimizing the NASDAQ:CAKE token’s supply and increasing its value. Apart from that, the post also offered insights into the trading fees. Additionally, it also discussed the activity across diverse sections of the platform.
In terms of trading fees, PancakeSwap noted that trading fees from Automated Market Maker V2 accounted for 89,000 NASDAQ:CAKE tokens. These coins had a value of up to $156,000, denoting a more than 9% change from the previous week. Nonetheless, trading fees from Automated Maker V3 accounted for nearly 71,000 NASDAQ:CAKE coins. This figure equaled the value of up to $124,000, signifying a change of -50% from the previous week.
Alikze »» HFT | Support at the bottom of the descending channel🔍 Technical analysis: Support at the bottom of the descending channel
- It is moving in a downward channel in the daily and 12H time frames.
- Currently, there is demand in the area of the bottom of the descending channel and the beginning of the movement.
- Therefore, if this demand continues in the range of the green box, it can continue its growth up to 0.195 first.
- In addition, if it stabilizes at the top of the range, it will succeed so that the supply range and channel ceiling have an upward trend.
💎 Alternative scenario: if it cannot maintain the green box area and the bottom of the channel, this correction can continue up to the range of 0.0977.
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BINANCE:HFTUSDT
Alikze »» SUSHI | Complementary wave C scenario🔍 Technical analysis: Complementary wave C scenario
- In the previously presented analysis, the C wave stopped at 0.78 fibo of the previous wave.
- It is currently moving in a descending channel in the 2D time frame.
- There is an FVG gap and it is now in the middle of the channel, which is also symmetrical with the 0.78 Fibo range.
- If it faces selling pressure again after filling this gap, it can touch the specified areas in the continuation of the completion of wave C.
- Therefore, according to the current downward momentum, the pullback can be a broken structure.
💎 Alternative scenario: In addition, if it can break the neckline upwards after filling the FVG gap and exit the descending channel, it can retest the supply zone.
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Alikze »» CAKE | Dynamic trigger failure and pullback completionIn time 1W, after a zigzag correction, it will have the ability to rise to the targets specified in the chart by breaking the dynamic trigger and pullback to it by breaking the most important neck line resistance. According to the current motivational wave, this step can be fast. But its first supply zone will be in the range of 4.8 to 5.4 dollars.
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CAKE: Will it go back to $1.50?Pancakeswap was originally built on the BNB Chain and allows users to trade tokens without using a centralized exchange. It provides an array of products, such as:
An exchange to swap tokens
A yield farm to earn rewards
Syrup pools to stake CAKE tokens
Ethereum liquid staking (wBETH) and simple staking
Pancake Protectors game
v3 position manager (new feature)
A prediction market
Initial Farm Offering (IFO) token launches
A bridge to bridge CAKE to Ethereum and Aptos
A lottery
An NFT marketplace
The price has broken through a significant supportThe price has broken through a significant support area around $2.364 and is currently testing it again. This retest is crucial as it will determine whether the support level can be reclaimed or if the price will continue to decline. If the price fails to reclaim this level and closes below it, we may see a move towards the next support area.
Will CAKEUSDT Make a Big Move? A Key Event Can Push Cake PriceYello, Paradisers! Do you see the potential for a massive breakout in #CAKEUSDT? We have some exciting information that could be vital for the #CAKE movement in the next few days
💎#CAKEUSDT has consistently followed a symmetrical triangle pattern, and right now, we're seeing a bullish double bottom pattern forming at the crucial support zone around $2.29. If the price maintains its momentum, there's a strong possibility of a bullish surge toward the supply area.
💎#PancakeSwap ( NASDAQ:CAKE ) has an upcoming event from June 19 to June 20, 2024. This event could drive demand for #CAKE and associated tokens, potentially causing significant price movement.
💎If #PancakeSwap sustains its momentum, we could see a bullish breakout from the support at $2.29. If the price fails to hold momentum and breaks below the ascending support, we anticipate a bullish rebound from the lower support level at $1.91.
💎However, if NASDAQ:CAKE break below the strong support at $1.91, it would invalidate the bullish outlook, leading to a significant price drop.
Stay focused, patient, and disciplined, Paradisers. Make sure to keep an eye on these key levels and trade smartly.
CAKE Analysis and Signal on 4HCAKE Analysis and Signal on 4H
🔵Entry Zone 2.869 - 2.822
🔴SL 2.694
🟢TP1 3.088
🟢TP2 3.318
🟢TP3 3.509
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 is bullishWe have a bullish structure on the chart and also a head and shoulders can be seen at the bottom. By maintaining the demand range, it can move towards the supply side.
The targets are clear on the chart.
Closing a 4-hour candle below the invalidation level will violate the analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
CAKE rises on VWAP bounce LONGCAKE on a 30-minute chart with a set of VWAP band lines anchored back one month shows
the cycle of a trend up from a good earnings report into the uppermost band lines followed
by a retracement down to the slowly rising mean VWAP where after consolidation and
testing of that support, price has begun a new trend up. This is confirmed by EMA line
convergences as well as RSI strength bullish divergence prior to the price action reversal.
I will take a long trade here targeting 39 and 41 price levels reflecting the upper VWAP band
lines. These are roughly 5 and 10% as realistic targets with a stop loss below the mean VWAP
line at 36.8.
Confirmation from the price actionOn a 4-hour timeframe, the support and resistance levels of the price range have been identified. When the price reaches either of these specified levels, we can focus on the price reaction after receiving confirmation from either direction. This approach allows us to make informed trading decisions based on the observed price action at these critical levels.