End of wave 4Wave 4 is ending. It may be willing to pull back to the bearish trade line. Wave 5 is available with a target of $8.
CAKEUSDT trade ideas
Pancake Swap (CAKE): Good Time To DCA for SPOT?Pancake Swap coin did make a good liquidity sweep, resulting in almost -50% of movement on the markets. Now we are seeing a good possibility to DCA this for SPOT after we filled the zones of imbalance!
More in-depth info is in the video—enjoy!
Swallow Team
Wave 4Corrective wave 4 can continue up to the yellow box and pull back to the broken trade line at the same time. We will witness the 5th wave of beauty.
CAKEUSDT 1WCAKE ~ 1W
#CAKE Testing this Support Level,. If you still have Conviction on the coin,. This support block will be a very good purchase for when,. Buy in stages with a minimum target of 20%+
updateI'm sorry, wave counting is a very difficult task and technical analysis is generally associated with mistakes.
The detection of wave 4 was wrong. We were at the end of wave 2. We are forming wave 3. Moving to the yellow box.
We are at the beginning of wave 5. Movement up to 10 dollars is available.
CAKE making a correction#CAKE made a huge rise after its fall so now the market is making a correction this coin can make a correction too and fall to fibo levels then rise again
Pancake Swap (CAKE): Possible Fill of Imbalanced Zones!Cake Coin did a nice breakout recently where we had left some imbalance zones.
We are keeping our attention on the recent re-test, which was a result of the bigger liquidation movement we had bringing the price back right after filling the FVG zone.
Although we believe the price will reach it's ATHs soon, on a smaller timeframe we might see some further moves to lower zones IF we do not manage to get back and recover the recent drop we had!
Swallow Team
cakeusdt longcakeusdt long
Please don't be greedy
ENTRY : yellow point
TP : blue lines
SL :
below red line for LONG position
above red line for SHORT position
INSTRUCTIONS:
For risk and money management:
5% of your wallet for LEV X ≤20
And
3% of your wallet for LEV X ≥ 20
$CAKE seems delicious CAKE on weekly have a good level to make you gain about 100%
Just add to you'r watchlist
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.
cakeusdt 2Hmarket needs more liquidity to touch it's targets so it must be bullish more to grab some liqudity and get down.
also it can move up to grab just 2 lvl of liquidities and then move down.
Pancake Swap (CAKE): Possible 22x on Spot??CAKE coin has a good possibility of upward movement as a spot holding, and the same goes for hourly timeframe as well. We might see a possible 9-20% of market price movement very soon, but we have to keep an eye on the current bullish trend on smaller timeframes!
(Voice got cut at the end but we did not re-make the video as we just wanted to finish the video; all that we wanted to say we said.)
More in-depth info is in the video—enjoy!
Swallow Team
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.
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.
A very good position for swinging #cakeIt has a strong correlation coefficient to #BNB, if this currency is going to break the falling pattern and have an upward swing, then BNB is also ready to see higher levels of the price. (This was just a warning and guidance)
Good: In this situation and the current situation, the pancake swap #cake has become very attractive, I will buy if the price stabilizes above $2.1.
Expect a Breakout Soon📈 The Main Pattern I See At The Chart Is a Bull Flag And Currently The Price Playing Below The Trend Line, Expect a Breakout From The Trend Line Toward a 3.5$ Soon
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!
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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.
CAKE same PancakeThe cryptocurrency CAKE has high potential to reach its previous peak during the altcoin season.
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.
Pancake Swap (CAKE): Possible Fill of Inbalance Zones / Wait MSBPancake Swap coin has a good upward movement since last time we analysed the coin, and now we are expecting to see some kind of smaller correction to fill the FVG zone in combination with the CME gap!
More in-depth info is in the video—enjoy!
Swallow Team
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.
