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CAKE

PanCake swap (cake)Cake usdt Daily analysis Time frame daily Risk rewards ratio >1.7 👈👌 Target 7.4 PancakeSwap’s “head chef” declared that the BSC-based DEX is retaining the deflationary tokenomics for its native CAKE token. The announcement comes as other DEXs are trying new incentives for staking their native assets. The leading DEX on Binance Smart Chain is making a return amid a general DeFi recovery, and it shared that it will retain CAKE as a deflationary token to retain its value. The DEX decided against using CAKE as an incentive token, instead renewing its tokenomics based on regular burns and deflation. CAKE has a 1-2% annual burn rate and a negative net growth in the past 12 months. PancakeSwap also has regular weekly burns, which give a glimpse into the activity and fees generated on several PancakeSwap markets, including predictions and NFTs.
Long
by Habib-Tafazoli
2
Alikze »» W | Ascending channel - 1D🔍 Technical analysis: Ascending channel - 1D - It has been moving in a downward channel on the daily time frame - After breaking the short-term downward channel, it is currently moving in an upward channel - According to the momentum at the top of the channel, it can exit the channel with a pullback to the broken structure and continue its growth up to the first supply range as wide as the channel. - In the future, it can continue its growth by breaking the first supply area to the second supply area. 💎 Alternative scenario: In addition, if the green box area is broken, it can go down with a pullback to the 0.1709 range. »»»«««»»»«««»»»««« 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:WUSDT
Long
by alikze
Complete Analysis of #CakeElliott Wave Analysis: This cryptocurrency began its Wave 1 movement as a 5-subwave structure on October 18, 2023, reaching a price of $5.175 by March 14, 2024. The correction of Wave 2, in the form of an ABC structure, lasted until August 5, 2024, dropping to $1.42. From this point, the primary Wave 3 started and has not yet completed. Fibonacci Channel: #Cake has successfully broken out of its descending Fibonacci channel, and according to a general rule, it can experience a price increase equal to the width of the previous channel. First Target: The initial target for this cryptocurrency could be the peak of Wave 1 ($5.2), where I anticipate a correction (forming a cup handle) before continuing the third wave. Second Target: I calculated this target using three methods: 2.61 times the length of Wave 1 based on Fibonacci ratios in Elliott waves (white Fibonacci projection line). 1.618 times the depth of the cup (dark red Fibonacci projection line). Pivot derived from the Order Block. Interestingly, these three zones are closely aligned, forming a clustered area between approximately $10 and $12. Thus, after the correction due to the completion of the cup and its handle, the main Elliott Wave 3 target will be placed between these two prices. In the chart of this analysis, the end points of Waves 4 and 5 are hypothetical. This analysis is highly speculative and should not be the primary basis for your decisions regarding buying, holding, or selling this valuable cryptocurrency. I am #pirooztrader, a cryptocurrency analyst.
Long
by pirooz_trader
PancakeSwap Unveils its Own Token Creation Tool SpringBoardPancakeSwap, a leading decentralized exchange (DEX) on the BNB Chain, has recently launched a groundbreaking platform called SpringBoard. This initiative aims to democratize token creation by simplifying the process to the point where no coding skills are required, and there are no launch fees. PancakeSwap's SpringBoard is designed to be an all-in-one platform for token issuers, enabling them to: Launch tokens effortlessly: With just a few clicks, users can create tokens, set basic parameters, and integrate them directly into the PancakeSwap ecosystem. Ensure liquidity: SpringBoard features automatic liquidity pool integration once liquidity hits 100%, ensuring tokens are tradable with ease. Boost with CAKE: The SpringBoard Farm Program uses CAKE to enhance community engagement and liquidity provision. Fundamental Impact The launch of SpringBoard has several fundamental implications for both PancakeSwap and the broader DeFi space: Accessibility: By removing the need for coding and launch fees, SpringBoard opens the door for a wider audience to engage in token creation, potentially leading to an explosion in the number of new tokens on the BNB Chain. Decentralization: The platform's fair launch mechanism, which avoids pre-sales or seed rounds, promotes a more decentralized token distribution, aligning with the ethos of DeFi. Technical Analysis of NASDAQ:CAKE As of the latest data: NASDAQ:CAKE Price: Currently trading at $4.14 USD, up by 30.97% in the last 24 hours with a trading volume of $727,884,413 USD. Market Position: NASDAQ:CAKE holds the #105 spot on CoinMarketCap with a market cap of $1,185,333,784 USD and a circulating supply of 286,235,458 coins. Technical Indicators: The Relative Strength Index (RSI) for NASDAQ:CAKE stands at 80, indicating an overbought status. This suggests a potential for a short-term correction or consolidation before any further upward movement. Support Zone: The 38.2% Fibonacci level could act as a significant support zone, providing a potential buying opportunity if NASDAQ:CAKE pulls back to this level. Market Sentiment and Future Prospects The introduction of SpringBoard has not only pushed the price of NASDAQ:CAKE up but also sparked a significant uptick in the value of CRYPTOCAP:BNB , reflecting the market's positive response. Here's what this might mean: Innovation and Growth: PancakeSwap continues to innovate, keeping it at the forefront of DeFi. This could attract more developers and projects to the BNB Chain, increasing its ecosystem's value. Tokenomics: With the shift towards a deflationary model via "Ultrasound CAKE," reducing emissions while increasing burns, NASDAQ:CAKE could see long-term value appreciation, making it an attractive hold for investors. Conclusion PancakeSwap's SpringBoard platform marks a significant step forward in making token creation accessible to all, potentially leading to a surge in token innovation on the BNB Chain. While the current market dynamics suggest a short-term overbought condition for NASDAQ:CAKE , the fundamental changes in token creation and distribution could drive sustained interest and investment. Investors and project creators should keep an eye on the technical indicators and market responses, as SpringBoard could very well set a precedent for how new tokens are launched in the DeFi space. By simplifying token creation, PancakeSwap not only empowers developers but also enriches its own ecosystem, setting the stage for a vibrant future in decentralized finance.
Long
by DEXWireNews
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 XU99
Alikze »» RAY | Failure of the supply areaIn the weekly time, after a complex correction in the limit of 0.13, after the bottoming, it left the density and broke the first supply zone with a kinetic wave, and completed the supply zone with a three-wave pullback correction, and now it can Continue another kinetic wave to the specified areas. ⚠️If the green box area is lost, the transaction can be reversed. Therefore, be sure to pay attention to this point. »»»«««»»»«««»»»««« 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. Sincerely.❤️ »»»«««»»»«««»»»«««
Long
by alikze
4
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
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 alikze
#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
CAKE ROADMAP (1W)It seems that the CAKE token has likely completed a diatonic structure on higher timeframes and has transitioned into an ABC or potentially a more complex pattern. Wave C of this new structure could initiate within the highlighted green zone. Wave C is anticipated to be bullish. However, if a 3-day candlestick closes below the specified invalidation level, this analysis will no longer hold valid. 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
CRYPTO:CAKEUSD
by behdark
1
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 alikze
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
Alikze »» ICP | Forming a triangle corner pattern🔍 Technical analysis: Forming a triangle corner pattern - According to the analysis presented in the previous post, in the 1D time frame, after reaching the supply range, it has faced selling pressure. - As can be seen, after reaching the range of the green box, it has had a positive reaction several times and has faced demand. - Currently, a triangle corner pattern is formed in the green box area. - Therefore, the last correction leg can be removed from compression by filling the gap of FVG. - If it exits from the density above, it can grow up to the range of 12.5 dollars. 🛑 The most important resistance: $12.50 💎 Alternative scenario: If the breakout occurs from below and the green box is broken, the correction can extend to the green box. 💎 So as long as it is above the green box, there will be a short-term bullish trend for the target of $12.50. »»»«««»»»«««»»»««« 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:ICPUSDT
Long
by alikze
4